Travel insurance covers more than it used to. There are policies today that will provide protection if you lose your job or forced to work during your scheduled vacation. Some policies will even let you cancel the trip for no reason.
Since travel insurance offers a lot more protection for a number of scenarios, the policies are more complicated than ever. The multitude of options, written in a language that will make your head spin, can make it difficult to figure out what you actually need.
It’s becoming increasingly difficult for people without insurance backgrounds to figure out insurance. Consumers need to know the right questions to ask, so they’re not taken by surprise when they file claims. Here are three things you should ask about travel insurance before you buy.
Do You Need Travel Insurance?
Your first consideration should always be whether you need travel insurance or not. The agents at Kanetix LTD advise consumers to purchase insurance based on the level of risks.
There are two aspects of travel insurance: medical and trip cancellation. Travel medical insurance is the most critical aspect, but in some cases you may already be covered under your health insurance plan. Before you travel, spend some time talking with your health insurance company to find out what happens if you’re injured while overseas. Will they cover your medical expenses there? How much will they cover?
You most like already have car insurance, but a supplemental policy will ensure that your premiums stay the same. Consider your level of risk before you purchase that supplemental policy built into your travel insurance.
The final aspect of travel insurance is trip cancellation – and it’s the thorniest issue yet. The policy will protect you if you must cancel the trip. Delays and interruptions in the trips will be covered if you’re delayed at the airport or miss your connecting flight. Baggage coverage will reimburse you for the value of your luggage if it is lost or stolen.
Before you purchase coverage, check around to see if you’re already covered. For instance, some credit card programs include baggage coverage and you may also get some protection from your home insurance policy.
Do You Need A Waiver of Pre-existing Medical Conditions?
Many travel insurers will deny your claim if you have a pre-existing medical condition. This applies for anything that you’ve received care or treatment for in a set period of time. The pre-existing condition clause applies to anyone under the “umbrella” of the policy. So if you must cancel a trip because a family member dies, your claim may be denied.
It’s always wise to get a plan with a waiver or one with a short “look-back period” so you’ll be covered if the unexpected happens. A “cancel for any reason” policy should be your last resort if you cannot get a waiver.
What Travel Providers Are Covered?
Don’t purchase a policy with the assumption that all airlines, tour companies, and cruise lines are covered. Some operators are considered high risk and so insurers may rule them out. Make a list of the companies associated with your travel and ask the insurer if they’re all covered.
These are just three questions, but you should ask your insurer about anything you don’t understand. Don’t assumptions when it comes to what’s covered and spend as much time as you need to get all the cloudy areas explained in simple English.
Donald Ayers has extensive experience as a travel consultant. He enjoys sharing his know-how through blogging.