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Travel Insurance – Knows What’s Included And What’s Excluded

No matter which Travel Insurance you decide to apply for, it’s always imperative to know what is covered and what is not. If you’re not sure of your policy, then you might run around trying to claim costs for something that you will never receive, or not claim the money you should actually be getting from the insurance company.

We all know the importance of Travel insurance in current times. Whenever we go for a holiday or vacation, it’s always important to have an insurance that will take care of us should any unfortunate incident occur. Whether we go with family or alone, travel insurance policies are available in varieties to suit our needs. From lasting to a number of holidays, to insuring us for just one trip, these plans ensure that we can travel worry-free.

Most travel insurance companies cover emergency medical costs and evacuation. If you’re in a foreign country and require to be flown out for treatment, or even if you need to be treated there, travel insurance usually covers both the categories. Accident pay and hospital charges are also included in your travel insurance funds.

If you lose your baggage or passport, etc, travel insurance pays for the cost to find it or replace it depending on your policy.  Even if you are robbed or mugged, your insurance company would mostly pay you back your losses. Keep in mind, however, that a lot of these events would include heave investigations carried out by the financial institution itself.

There are strict exclusions that your travel insurance policy would specify before when you apply. If your health issues were self inflicted, or were due acts of terrorism or war, your claims would not be paid by your insurance company. Most travel insurance policies also deny payments if your plight was due to hazardous sports like sky-diving, bungee jumping etc. If you have an accident when you were under the influence of drugs of alcohol, banks and financial institutions do not pay for either the damages to your vehicle or yourself.

While all these exclusion are sensible and fair, make sure the travel insurance that you are buying does not exclude anything more that doesn’t make sense. Knowing your policy inside out and reading the fine print ensures you’re not in for any rude shocks. The best vacations come out when you travel safe and travel aware – travel insurance makes sure of exactly that.




This post first appeared on General Insurance Mantra | Your Ultimate Resource For General Insurance Related Queries., please read the originial post: here

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Travel Insurance – Knows What’s Included And What’s Excluded

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