Many people fail to take any initiative to protect their travel investment with a proper travel insurance coverage. This can be very risky at times. However, few even make an even worse mistake when they don’t try to understand how and what their travel insurance protects once they buy the cover. Specifically, there are 4 travel insurance coverages that people fail to understand and then see their claims denied when they file them. Or worse yet, see their travel plans derailed just because they do not have required things in place.
Let’s have a close look at 4 most misunderstood travel insurance coverages and things you should know about them:
* Medical evacuation coverage-Everybody thinks that this kind of coverage is not needed but once you understand what it does, you would want this coverage. This insurance covers the cost of evacuation to the nearest medical facility that can treat your illness or injury in a proper way. If traveling on Visa, this coverage is almost certainly needed. Therefore, make sure you have it when you apply for visa or your trip will be delayed or canceled when your paper work doesn’t show up on time.
* Trip cancellation coverage-When most of the people are asked why they buy travel insurance, most of them will cite trip cancellation protection as the top most reason. However, when asked what that covers they won’t be able to give a convincing reply. People feel that for some reason if you have to cancel your trip, you will be reimbursed. However, it all depends upon the type of trip cancellation insurance you have bought.
If you have an accident and cannot go, you won’t be covered. If something comes up and you need to reschedule your visit you won’t be reimbursed if you haven’t bought “cancel for any reason’ insurance. However, many people think that with any trip cancellation insurance they are fully covered, but this is not so. Therefore, it is important that you read the specific coverages and if you want to cancel your trip for any reason, then make sure that option is there in your policy, or consider buying an upgrade.
* Adventure activity coverage-If you are planning some activities that may be considered risky or hazardous make sure you’ve purchased a policy with an adventure activity rider. If you love diving, skiing, hang gliding, or have plans for rock climbing, you would want to make sure that you also have special coverage for all these risky activities. If you plan to take along any sporting equipment make sure that they are fully covered.
* Medical travel coverage-All seniors who are traveling should buy sufficient health coverage. You must remember that Medicaid and Medicare policies won’t provide you any coverage outside the US expect in very limited situations. Aside from this, many standard Medigap policies provide only limited coverage. So make sure you know your exact coverage.
Lastly, make sure that whatever you plan to do you have sufficient coverage. Understand what all is covered in your insurance plan and what extra coverages are needed. This will keep you on the safe side.
Author’s Bio: Jacob brown has a vast experience in writing articles on insurance and related topics. In this article he has discussed the ways to avail a Life Insurance Quotes. He suggests his readers to visit Arc-protect.com for further information.