Insurance

Insurance - All The Information You Need On Insurance

Who Else Wants To Understand Travel Insurance Policy Language?


Insurance

Aren't all travel insurance plans basically the same?

No. When you read travel insurance policy language, remember that as with any legal document, the definition of the terms is what governs the working of the policy (including payment of the claim).I create hypothetical travel scenarios for training purposes. This includes contacting our travel insurance suppliers' claims departments to see how they handle a given scenario.

A common concern of travelers are Pre-Existing Medical Conditions. In some cases, you can cancel, interrupt your trip or receive medical treatment if you (or a non-traveling family member) has a pre-existing condition. It has to do with the policy's wording.

All travel insurance excludes claims due to pre-existing medical conditions. Some travel insurance plans will waive the pre-existing condition exclusion if you get your travel insurance in the first 10, 14 or 21 days after your first trip payment date (ie - before the end of these 10, 14 or 21 days).

Any payment on your trip is considered the first payment. This includes the tax you pay when you redeem frequent flyer tickets, refundable deposits or even a trip planning consultation fee if that fee is later credited toward your trip costs.

You'll protect yourself if you have to cancel or interrupt your trip because of that pre-existing medical condition. There are three primary rules to keep in mind:

  • You have to insure your trip's full prepaid, non-refundable cost and
  • The person with the medical condition has to be medically stable when you get your insurance and
  • You must get your travel insurance in the first 10, 14 or 21 days after your first trip payment date.

You can cancel or interrupt your trip or receive medical treatment even if you have a pre-existing condition - if you follow these rules.

This seems simple enough, doesn't it?

Yes. Except there are companies that interpret this wording slightly different from what you expect. Be on the lookout for a clause in policies that states, "General exclusions include any expected or foreseeable events".

What this means to you is this: If you buy a travel insurance policy that includes the words "General exclusions include any expected or foreseeable events", here's what you need to do:

  • Ask if buying the policy in the Waiver Period really does waive this general exclusionand
  • Are there other conditions (ie - medically stable or covering the full trip cost) that have to be satisfied
  • No Surprises
    If you are told, "No, that wouldn't be covered because it's not unforeseen", I strongly suggest you steer clear of those companies - you don't want an unexpected surprise.

    We do not offer policies from companies that play this semantics game. Like you, I want to be sure a travel insurance plan will work just like I expected it to.

    Steven Dasseos is the founder and CEO of TripInsuranceStore.com. You can compare reputable travel insurance plans at this website. Contact Steve Dasseos here.







    Car Insurance Rates   |   Dental Insurance   |   Health Insurance   |   Home Owner Insurance   |   Life Insurance Quote



    | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 |











    Choosing The Best Life Insurance Option For You
    Life insurance in the UK is becoming more and more popular with many people now realizing the importance and the benefits of a good life insurance policy. There are two main types of popular life insurance, both of which offer a range of invaluable benefits to UK consumers.Level Term Life InsuranceLevel term life insurance is the most popular type of life insurance policy with UK consumers, and this may be because it is also the cheapest form of insurance. With level term insurance, you and your family can enjoy peace of mind at an affordable price. If you die during the term of this insurance policy,...(related: Insurance)


    Choosing Buy-to-let Property Insurance
    Risk is an area often overlooked by landlords, but failing to protect the main assets of your business, which often have borrowings secured against them could lead to ruin.Landlords often...(related: Insurance)


    The Immorality Of Guarantee Issue Health Insurance
    While there are genuine debates about whether privatized health insurance or nationalized health insurance policies make more sense, there can be little doubt that gua...(related: Insurance)


    Types Of Homeowner Insurance
    There are 6 different types of homeowners insurance in general that are consistently utilized. Of these HO-3 is the most usual policy then it is followed by HO-4 and HO-6. Others less used, but still important, are HO-1, HO-2 and HO-5. Everyone is described below:HO-1A limited policy that offers varied degrees of covera...(related: Insurance)


    What Is Permanent Life Insurance?
    Unlike term life insurance, permanent insurance policies such as universal life, variable universal life and whole life provide long-term financial protection. This type of insurance will cover you for the duration of your life and continued on time premium payments. Permanent poli...(related: Insurance)


    Discount Life Insurance Will Give You The Best Protection You Need
    There is always a chance that there is a better deal somewhere else, no matter what you are buying. That is why you should research and find discount life insurance. Did you know that life insurance ...(related: Insurance)






    Google




    Finding Auto Insurance Comprehensive Coverage
    You can go online to easily find and quote auto insurance comprehensive coverage.The definition could include basically (2) trains of thought. Often the term comprehensive merely applies to thorough physical damage in the event of loss to the vehicle itself. That's when auto insurance comprehensive coverage comes into play.The other thought relates to overall benefits that include bodily injury, uninsured motorists, medical payments, under insured motorists, comprehensive and collision features. That essentially provides broad and pretty thorough coverage.A broad range of coverage's naturally determine the final premium to be paid. You can adjust by picking and choosing, then requiting and eventua...(related: Insurance)

    Life Insurance: Who Needs It And How Much Do You Need?
    Your friendly, neighborhood life insurance agent is most likely to answer this question with the word "everybody."The fact is, not everybody does need life insurance. If you don't have a family, you probably don't need life insurance unless, of course, you're a really nice person and just want to leave some money to a friend or a charity.If you do have a family, the question isn't do you need life insurance. The question is how much do you need?A life insurance sales representative may want you to apply some kind of formula. In years gone by, he or she might have told you that you need to buy insurance equal to four times your annual salary. So, if your annual salary is $50,000, you might have been told you need at least a $200,000 policy. Today, the same agent might tell you that you need eight times yo...(related: Insurance)

    Health Savings Account (hsa): Useful For Women In Childbearing Years?
    The Health Savings Account (HSA) is an amazing tool that a lot of people have been talking about. It is meant to help you save money on insurance and make your life simpler, maybe even help you be healthier.But should a family with a woman in her childbearing years use an HSA?This is an excellent question!Obviously, a woman who is pregnant or might likely become pregnant needs to be very aware of her health insurance situation. Taking pre-natal classes, having a hospital delivery, Cesarian sections are all expensive, nevermind any potential complications.Health Savings Accounts paired with a high-deductible health insurance policy can work for the fa...(related: Insurance)

    site-map - Copyright © 2006 Insurance | All Rights Reserved. | Insurance