The global travel has risen significantly in recent years. Along with it terrorist activities and threat in various forms while on the go has also increased. It has made travel insurance a must have for any trip, be it personal or professional.
Many people feel they are covered on all aspects of travel when they purchase travel insurance. Unfortunately, frustrating and rude awakening ensues when insurers and underwriters refuse the claim request as null and void. The primary reason for it is that most skip on reading the fine print. It explicitly mentions all that would not be honored by the policy. Let’s throw light on some of the standard exclusions seen in most travel insurance policies.
Most travel insurance policies cover cancelation, but there is a catch. Often insurance companies specify scenarios of cancellation for which they would cover. They would not honor any reason excluding that. Thus, while purchasing any policy, double-check all situations of cancelation that they would accept.
Change of mind
It can so happen that you simply decide to cancel your vacation for no reason or for circumstances like not getting your visa on time. Such cancellations are not compensated unless specifically specified in the policy.
Pre-existing medical condition
Claim against a pre-existing and not approved medical condition is often rejected by most insurance companies. You can get coverage for a specific medical condition but it must be approved before the policy gets activated. Any medical condition not stated beforehand would be rejected.
Loss/theft of unattended belongings
Travel insurance provided coverage for any theft of your belongings and valuables provided the incident has not happened because of your fault. Leaving it unattended or with a stranger or even in an unknown and risky place will be deemed as your fault and thus not covered by the policy. You must always be vigilant about them. Any theft incident should have an official police report which details the case and stolen item.
Risky sports and activities
Most travel insurance policies specify the high-risk sports and activities that would not be covered under the plan. Usually, adventure sports like sky-diving, scuba-diving, bungee jumping, caving, rafting, snowboarding, etc. feature in the list. This exclusion spans all medical conditions, financial loss and equipment damage or loss.
If you are planning for any high-risk sports; you must explicitly mention it to your insurance agent and follow all norms to get it covered.
Indulging in reckless activities/behavior
Any loss or damage due to irresponsible behavior like excessive drinking, use of drugs, bar brawl, etc. are situations which are not covered by any insurance policy. Thus, be prepared to be denied your claim for any theft and damaged goods or injuries suffered from such incidents or any other unlawful acts.
Traveling against government advice
There could be some high-risk areas for which a country’s government would issue a recommendation for not traveling. It could be because of a medical epidemic, war zone, medical epidemic, etc. Visiting these areas despite government warning makes your travel insurance null and void.
Natural disasters before purchase of the plan
Most travel insurance plans covers loss due to natural disasters like hurricanes, storms, volcanic eruption etc. However, you must have purchased the policy before the natural disasters were announced. For instance, if you purchase a policy after a storm has been forecasted in your area of visit; you will not be compensated for losses due to that storm.
Bad weather conditions
Cancellation or curtailing of your trip due to bad weather like excessive rain in your traveling destination is not covered by most policies. You will be compensated only of there is a flight cancellation happening because of it.
Ignoring road and driving rules
Hiring a rental vehicle while on vacation is getting commonplace. Any mishap or accident happening because of violation of road and driving rules on your part will render the travel insurance null and void.
Mental and emotional disorders
Travel insurance stipulations are not just limited to physical conditions but extend to mental disorders as well. Injuries and loss arising from disturbed psychological and emotional disorders like depression, schizophrenia, bipolar disorder, etc. are not covered under insurance claims.
Lack of proper documentation
Even valid insurance claims lacking back-up of proper documentation are rejected. A solid paper trail is required to ensure that your claim gets validated and reimbursed.
Despite all above restrictions, travel insurance is an essential part of any tour plan. All that is required is to read its fine print of inclusions and exclusions. It will help you get everything incorporated that is a requirement for you. Thus, you will be able to subscribe to a perfect travel insurance plan with zero chances of claim rejection.