Who Else Wants To Understand Travel Insurance Policy Language?
|
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:
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.
|
|
|
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)
Does An Hsa Cover Alternative Medicine?
A Health Savings Account (HSA) does not really cover alternative medicine. However, there is a bit more to it.A person using an HSA can withdraw money from this special type of savings account for any type of "approved medical expense." Approved by whom? The IRS.So, the IRS pretty much thinks that proper medical expenses are any types of Western medicine ? pharmaceutical drugs, surgery, doctor visits, etc.However, there are a few things on the list that are alternative medical options. Chiropractors are on the list. So is acupuncture.With acupuncture, it must be considered "medically necessary." That means that a doctor (MD or DO) must say that h...(related: Insurance)
Insurance For Those Who Run Bed And Breakfast Properties
A Bed and Breakfast, often referred to as a B&B, is a private residence with several rooms of which are set aside for overnight guests whose paid accommodations include breakfast. Modern Bed and Breakfast often consciously tries to recall...(related: Insurance)
Health Savings Account (hsa): What Happens To It When I Retire?
The Health Savings Account (HSA) is a great tool that is going to helpus all reduce our health insurance costs and avert the currenthealthcare crisis in America. But what happens when a personretires? What use is an HSA then?Your HSA transforms itself at that moment you turn 65, when youofficially become eligible for Medicare. Your Health Savings Account,which will have served you all those years as a nice financial cushionbefore you begin using your insurance policy, flips into something very similar to an Individual Retirement Account (IRA).<...(related: Insurance)
site-map - Copyright © 2006 Insurance | All Rights Reserved. | Insurance