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5 Loopholes in Travel Insurance You Should Know About

23 November, 2015

Secured by the promise of insurance cover, travelers can certainly enjoy their journeys better. Yet, on a few occasions, individuals may find that their policy is unable to aid them in a particular situation.

These cases are often blamed on the loopholes in travel insurance. However, these loopholes are nothing but a part of the company’s terms and conditions, as specified in the documents. This is why it is so important to read the fine print before buying a policy.

Take a look at a few of the common loopholes that you should consider while purchasing a travel insurance plan.

1. Pre-Existing Medical Conditions

If an individual suffers from certain medical conditions before availing travel insurance, healthcare expenses for the same are not covered under the policy. So when traveling overseas, it is important to ensure that there is no possibility of complications arising from this pre-existing condition. Life saving treatment or treatment to relieve acute pain because of a condition arising on account of a pre-existing disease may be covered under certain plans, but you will need to check with your insurer.

2. Policy Exclusions

As is the case with any insurance policy, your international travel insurance would also have a list of expenses that are excluded from coverage. Expenses for accidents resulting due to high-risk activities, self-injury, or when under the influence of alcohol are some of the common exclusions.

3. Inadequate Paperwork

Although your claim may be justified under the policy, it is important to provide verifiable proof of the same. An insurance provider cannot process payments or reimbursements for expenses that are not supported with relevant documents.

A simple solution to these loopholes is to be thorough when reading all the terms and conditions, before buying a policy. Royal Sundaram offers you dedicated 24 x 7 customer service to avoid any confusion while purchasing a travel insurance plan online.