Things You Didn’t Know About Travel Insurance
Why Should You Purchase International Travel Insurance?
Due to less frequent travel, employer-provided insurance coverage, or the fact that some individuals need help comprehending overseas travel insurance is often overlooked. Acquiring travel insurance is simple and protects you financially if something goes awry abroad.
On a business trip or a family vacation, a hundred different things can go wrong, leaving you stranded in a foreign country or draining your finances as you attempt to overcome obstacles. It is where buying international travel insurance online comes in handy. Here are a few elements of travel insurance that only some people know to aid in your decision-making process.
Prior-Existing Condition Coverage
Travel insurance for Schengen countries and other countries is vital for international travel insurance, which covers medical care, hospitalisation, and other expenses incurred abroad. Typically, insurers exclude coverage for the treatment of pre-existing conditions; however, a few have begun to offer a range for life-threatening diseases.
When purchasing travel insurance, disclosing any pre-existing conditions in advance is advisable. Insurers will conduct a thorough evaluation at the time of claim. If you’ve been honest about your medical condition, your prospects of approving your travel health insurance claim increase significantly.
However, your claim will likely be denied if you do not disclose any pre-existing conditions. It also applies to any ailment for which a claim was submitted that was caused by a pre-existing condition. You must cooperate with the insurer and provide supporting documentation during the assessment.
Principal Exclusions Regarding Travel Insurance
When purchasing international travel insurance online, it is advisable to thoroughly examine the plan and become familiar with the exclusions that will not be covered. The following are some of the most common exclusions found in virtually all significant insurance policies:
- Distress and devastation resulting from nuclear weapons
- Ayurvedic and homoeopathic remedies
- Mental disorders such as depression and anxiety
- Plastic or cosmetic surgery
- HIV/AIDS, sexually transmitted diseases, and venereal maladies
- Damages or injuries induced by alcoholism or drug abuse
- Accidents caused by illegal adventure activities
While the majority of travellers with travel insurance are confident about their belongings and rely on their insurer, the baggage loss policy has specific exclusions, including:
- Only checked cargo is covered by insurance.
- There is no compensation for lost cabin cargo.
- Baggage loss will be covered on your flight from India to your final destination rather than your return flight.
Vehicle Third-Party Liability Coverage
While the sum assured may appear adequate at the time of policy purchase, it may prove insufficient at the time of need and may not have been adjusted for medical inflation. Your policy may have additional restrictions, such as excluding certain indoor expenses, that must be meticulously examined before purchase.
Coverage of Adventure Sports
When buying travel insurance, remember to check if it covers adventure sports. This is crucial for activities like skydiving, scuba diving, and skiing, as standard policies may not include them. Ensuring you have this coverage provides financial protection in case of injuries or trip disruptions during these adventurous pursuits. Review your policy for specific covered activities and limitations.
These strategies and tricks will help you enjoy the benefits of travel insurance. You are now more knowledgeable about the factors to consider when purchasing travel insurance.
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Standard T&C Apply
‘Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.‘