Travel insurance won’t cover everything. A careful review of your policy before you purchase should mean you avoid the common mistakes made by travellers, but what should you be looking for?
Pre-existing medical conditions
This is probably the clause which causes older travellers the most concern. How much should you tell your insurer about your health conditions and how much extra will it cost you once you do? Honesty is always the best policy. By completing a pre-existing medical condition waiver, you are agreeing that the insurance company will not cover you for any incidents which relate to this condition. Before you sign such a form, make sure you’re happy to travel without this cover.
There are just some things which insurance companies won’t cover you for and these vary depending on your policy. It’s important to refer to the General Policy Exclusion section before undertaking certain activities. Bungee jumping, self-inflicted injuries or a loss sustained while you’re inebriated are often excluded, as well as several other areas.
Reason for cancellation
You may assume your holiday expenses will be covered if you need to cancel, but there are some reasons for cancellation which could leave you out-of-pocket. Insurance companies will list the reasons for cancellation which will enable you to claim. If you don’t think the list is comprehensive enough, ask your insurer if it provides a more comprehensive cancellation option, which will cost you more, but may be worth in in the long run.
Don’t leave it too late
It’s best to purchase your insurance as soon as you have booked your travel. If you leave it too late and become sick or an incident happens where you are planning to travel, then if you haven’t bought insurance, you will be too late.
In the event you have to make a claim, ensure that you have all supporting documentation. If you encounter a loss of items, then you will need to report it to the police and get a claim reference. You will also need to get a copy of all paperwork relating to medical attention or hospitalisation.
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