Travelling has increased, and people use this opportunity for pleasure and business trips. While no one wants to experience anything unfortunate during their journey, it is advisable always to buy a travel insurance plan to avoid such situations. Purchasing traveller’s insurance will ensure peace of mind while enjoying the beautiful views.
It does not mean that if something happens, you are sure to get the claim; but you always have the possibility depending upon your eligibility. Therefore, understanding the fine print of your travel insurance will help you know what is included or excluded and make it easier to claim in case needed.
Let’s understand more about the different types of travel insurance plans you can get.
- Trip cancellation/delay/interruption
- Medical coverage
- Baggage loss and delay
- Accidental coverage
Things to Check Within the Fine Print of Your Policy
When you buy insurance for your travel purposes, you will be given a document with terms and conditions. Now, one may assume that any and every possible reason or cause will be covered when you plan to file for a claim in an unforeseen situation, but that is not the truth.
Certain things may make you ineligible; therefore, you should always look at the below things when you get your travel insurance documents.
Excess
Like any insurance policy, the travel insurance plan also has a specific limitation on the amount that will be covered; the rest will need to be paid out of your pocket, which is called “excess”.
For example, you may claim ₹10000 and your excess amount per your policy is ₹5000, so your insurance company will only pay ₹5000. Hence, knowing the excess amount is essential as it differs with companies.
Pre-existing Illnesses
It is essential to inform your insurance company about any pre-existing illness before purchasing the policy. You may never know when you need the insurance amount; if not reported, it may lead to the rejection of your claim.
Additionally, the good thing is to purchase the universal travel pass, which proves that you are fully vaccinated and allowed to travel in public places.
Policy Start Date
It is a crucial point to consider; always take your policy start date as when you start your travel and not your first vacation date. If your travel date and first vacation dates are different and, for some reason, you may have to cancel your trip right at the initial phases, your insurance company may reject your claim.
Adventurous Activities Coverage
In most cases, it is not included in the insurance plan. Suppose you are travelling abroad and have certain adventurous activities in your itinerary. In that case, it is advisable to connect with your insurance company when purchasing the plan and get it included.
Theft or Loss
Losing your passport or any other crucial document in an uncharted area is terrifying and intimidating. In such situations, people often panic and forget to report it to the authorities. In any scenario where you are in the same problem, your first step should be to report the lost item to the police, obtain a report and inform your insurer.
In case of a delay in reporting, your insurer can reject the claim. Additionally, if they find it is a case of negligence, then also the claim can be dismissed.
Another essential point you should always check is how your insurance company works and operates. Before purchasing their policy, check their reimbursement procedure, policy, and timelines.
Also, get a clear idea of how they compensate for the loss on the current or original value of the lost item. Knowing such information will help determine the best health insurance plans in India or company to use.
