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 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.
For many years in the UK, motor insurance has been... Read More
Regardless of what some people might think, medical insurance will... Read More
Travel insurance is something that many people haven't considered. Sure,... Read More
The topic of insurance is not sexy by any means.... Read More
A person needs to reexamine their life insurance needs every... Read More
Is your auto insurance bill $12000 a year or even... Read More
Why does health insurance cost so much? Year after year,... Read More
You see the websites, you see the ads: exclusive, never... Read More
The value of a personal injury claim has a direct... Read More
Let's be realistic, everyone needs to have auto insurance. Aside... Read More
First the bad news: about 2,000,000 personal bankruptcies each year... Read More
Our money saving auto insurance tips were written for one... Read More
If you're interested in slashing your auto insurance bill in... Read More
Gone are the days of the cinder block and wood... Read More
Everything is big in Texas and so it is with... Read More
Do you have many claims? If so, you should do... Read More
For many consumers the cost of daily living is becoming... Read More
Owning a home is a dream for most of us,... Read More
What is health insurance and why do I need it?... Read More
This is a FREE Insurance Claim GuideYour "Motor Vehicle" can... Read More
The issue at hand is the use of a consumer's... Read More
Everything seemed pretty simple when you purchased that insurance policy.... Read More
The life insurance quote business online is booming. Not only... Read More
When it comes to your family, selecting the right health... Read More
Here comes the insurance adjuster. Is he overly friendly? If... Read More
The are many scary things in this world. Buying insurance... Read More
Although premiums, policies and prices vary widely, the mandate does... Read More
Auto insurance is an agreement between you and your insurance... Read More
Personalisation, Digitalisation, Mobilisation, these 3 words represent your life today.... Read More
Trying to save money wherever you can is important to... Read More
If you think you don't have any need for auto... Read More
Your latest car insurance bill has arrived and it is... Read More
In order to save money on your homeowners insurance you... Read More
Do you have many claims? If so, you should do... Read More
If you're interested in slashing your auto insurance bill in... Read More
Health insurance plans vary in their coverage and prices. The... Read More
Renter's insurance is protection intended for anyone who rents an... Read More
A word of warning about Credit card repayment protection schemesThe... Read More
Since there are many factors that go into determining your... Read More
The Health Savings Account (HSA) is becoming well-known as an... Read More
The online discussion forum has emerged as the medium of... Read More
Unlike term life insurance, permanent insurance policies such as universal... Read More
Why does health insurance cost so much? Year after year,... Read More
Quite often you feel that an ad for life insurance... Read More
The topic of insurance is not sexy by any means.... Read More
With Nursing home Cost's running $4,000 to $6,000 a month... Read More
Car insurance rates are prohibitive nowadays. Many families really struggle... Read More
One of the most important things you can do as... Read More
As more and more individuals working at home with or... Read More
Consumer-driven healthcare is a label that we've put on a... Read More
Traditionally, life insurance companies solicited men as the main breadwinners... Read More
If you run into a billing problem or misunderstanding with... Read More
This article is written by a 27 year old female... Read More
Drivers are applying for auto insurance online not just for... Read More
Here is a useful guide to life insurance. Simply put,... Read More
The Life Settlement market is all about providing due access... Read More
The Health Savings Account (HSA) is a great tool that... Read More
Health insurance plans have changed dramatically over the past ten... Read More
Assured - Those insured under the terms of an insurance... Read More
Car insurance is one of the most dreaded chunks in... Read More
Only 61% of adult Americans have life insurance (down from... Read More
A new financial tool is now available for senior citizens.... Read More
In 47 of the 50 United States, it is illegal... Read More
Is pass plus really worth it? What motor insurance discounts... Read More
Risk is an area often overlooked by landlords, but failing... Read More
Filing a homeowners insurance claim can be done with ease... Read More
Insurance |