Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

How to Avoid the Five Loopholes of Purchasing Travel Insurance

By Tracy McManamon Subscribe to RSS | February 29th 2012 | Views:
loading
 
  



Think about the time you go to the doctor’s office or sign any legal document. Set right before you is a pile of papers you are told to sign and date. Some people brush over the contents of the page, but are honestly so overwhelmed by all the papers that they do not thoroughly read through the details on the page. Others know the dangers of not knowing what they are signing and read each line very carefully, to make sure that they understand what they are signing for and what the consequences are if they do not uphold or keep their side of the agreement.

Purchasing travel insurance can be similar, in that there will be small print and lots of words on the documents you have to sign. Do not let this hinder you in anyway from getting the much-needed insurance, or you may find yourself wasting a lot of money on trip cancelations and foreign medical bills. In order to avoid being caught off guard because you signed something you didn’t know you were signing, read the fine print and avoid these five loopholes with travel insurance:

1. “Not a covered reason for cancellation”: make sure you understand when a cancelled trip would be covered and when it would not. A trip would be covered for “sickness, injury, or death of you, a family member, or a traveling companion, hurricane damages your destination or cancels your flight, laid off from work or required to work, terrorist incident in your destination city, bankruptcy of your travel supplier, or if you are called for jury duty”. All reasons for covered cancellations are on a Policy Certificate. Make sure you know what this is and have read it carefully. If your reason is not on this list then you will NOT be covered. There is one way to make sure that you are covered regardless of the reason for cancelation and that is to get the “cancel for any reason” option, which you can add to any plan.

2. “Pre-Existing Conditions”: travel insurance will not cover pre-existing conditions because there is a much higher risk that they will be paying extremely high medical bills for you when you travel in another country. The only way to get insurance companies to cover you once it has already been determined that you have a condition, is to get a waiver for the condition. Insurance companies guidelines for this include: “1. You need to buy insurance soon after your first trip payment, 2. You need to be healthy when you buy insurance, and 3. You need to insure the full amount of your trip”.

3. “Covered Exclusions”: There are some very specific reasons why you would not be covered under any circumstance. Here are a few examples: “self inflicted injury, driving in a motor competition, bungee cord jumping, or any criminal acts committed by you”. These exclusions are also listed in the Policy Certificate for your convenience.

4. “Incomplete Documentation”: the appropriate paperwork must be given to the insurance company in order to be reimbursed for any injury on the trip or cancellation of a trip. Make sure you obtain any important paperwork throughout your trip, including any bills you may receive. By doing this you will be able to supply the insurance company with all the proper documentation as quickly as possible when needed.

5. Enrolling Too Late: To put it simply, you cannot purchase insurance to travel to a country that is about to break out in war. You cannot obtain insurance when something has already been predicted to happen. In order to avoid trying to get travel insurance when it is already to late, get insurance as soon as you know the trip is definitely happening.

As time consuming as it may be, read the small print before you sign for any travel insurance. By doing this you ensure that you and your family are going to have a safe trip and will not be surprised if something is not covered. Never hesitate to ask your insurance company if you have any questions or are unsure if something is going to be covered or not. Enjoy your trip!

Tracy McManamon - About Author:
Tracy McManamon is an independent insurance consultant at One Source Benefits. He ensures that his clients enjoy a stress-free tip by choosing the right travel insurance and travel medical insurance plan.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/insurance-articles/how-to-avoid-the-five-loopholes-of-purchasing-travel-insurance.htm

Related Insurance Articles Subscribe to RSS

Commercial insurance quotes: preliminary walk towards sheltered business
Published by Andrew Edwards on January 18th 2012 | Insurance
The term quotes meant a lot to us, quotes are thoughts shared by legendary people...
 
Business insurance guide for young capitalists
Published by Andrew Edwards on December 16th 2011 | Insurance
Starting up a business is not that big deal now, lots of options we have that will make it quite eas...
 
Understanding Backpacker insurance Policy
Published by Herry Smith on February 13th 2012 | Insurance
Backpacker travel insurance provides you the security level so that you can enjoy your holidays with...
 
Why to get mobile phone and iPad insurance
Published by Ashish Pandey on February 7th 2012 | Finance
Getting mobile phone insurance or iPad insurance can be a great tool to avoid unnecessary expense an...
 
Comparable New Mexico auto insurance rates requires a keen eye
Published by Alabamaauto Insurances on January 17th 2012 | Finance
New Mexico has many sources of information regarding the best auto insurance quotes which includes t...
 
The unlimited benefits of purchasing holiday insurance
Published by Marry James on February 27th 2012 | Insurance
There is a tremendous need for all individuals to know the concept behind travel insurance. Holiday ...
 
Significance about the automobile insurance
Published by Shyam Singh on March 5th 2012 | Insurance
Renegotiate the automobile insurance handful of folks consider. But maybe it's completed each year. ...
 
Why you should acquaint yourself with auto insurance claim procedures
Published by Jerry on March 14th 2012 | Insurance
If you are straight out of driving school and own your first car, you may not know how to deal with ...
 
Your insurance in your means, demands and needs
Published by Ahmadgill on December 3rd 2011 | Insurance
There are many companies that are giving bets rates but all these companies are not batter for you a...
 
Pre existing conditions medical insurance
Published by Mark Suchel on March 14th 2012 | Insurance
Many sick individuals find it nearly impossible to get insurance with a pre-existing condition. Most...
 
Its possible to have low cost Alabama auto insurance
Published by Alabamaauto Insurances on January 14th 2012 | Finance
It’s possible to have low cost auto insurance Alabama especially if they search online for such of...
 
Finding cheap Arizona auto insurance
Published by Auto Insurances on January 13th 2012 | Finance
Let’s not take more risks with our valuable autos. While applying for Arizona auto insurance make ...
 
Vermont car insurance
Published by Usautoinsurances on January 17th 2012 | Insurance
You have to carry your Vermont auto insurance all the time you are driving on the Vermont roads. It ...
 
Get relief from day to day mishaps and provide insurance coverage for your van today
Published by Gregorypeck on February 25th 2012 | Insurance
For most manufacturing or service providing companies, it is the first priority to have a good runni...
 
Massachusetts and the need for car insurance
Published by Autoinsurances on January 14th 2012 | Insurance
If at all you are looking for Massachusetts auto insurance, there are certain aspects that you reall...
 
Expert in different types of insurance and customized insurance services
Published by Caden on June 14th 2012 | Insurance
Insurance Express is an insurance provider of auto, car, commercial or business insurance etc. Other...
 
Manage your business effortlessly with commercial insurance
Published by Andrew Edwards on February 16th 2012 | Insurance
If you are running a business either it is large or small, then you will understand the importance...
 
Ways to purchase cheaper van insurance
Published by Robmarshall on April 17th 2012 | Insurance
Ways to purchase cheaper van insurance is most likely the major thing which might be out breaking ea...
 
Product liability insurance is a risk management investment
Published by Andrew Edwards on March 14th 2012 | Insurance
Market has reached a position where from it is important for every company to look for risk manageme...
 
An easy guide to getting reliable auto insurance
Published by Jerry on March 12th 2012 | Insurance
Finding the right auto insurance product for yourself can be a difficult task if you approach it in ...