Having travel insurance has now become a necessity for people travelling either on vacation or for business purpose worldwide. More and more travelers are now seeking a reliable insurance agent who can insure maximum travel risks. While looking for a suitable policy from a dependable insurance agent, misunderstanding regarding their coverage tends to be one of the biggest mistakes that they encounter. Instead of just making assumptions that may put you into trouble, it is recommended to ask yourself the following questions before buying a travel insurance.
Will my pre-existing medical condition be covered?
For proper protection while claiming and for ensuring sufficient coverage, clarifying your doubt is essential to consider additional coverage for unstable pre-existing conditions. These days, it is possible to cover such condition by buying additional supporting policies. Before buying the insurance, you will have to read your medical questionnaire thoroughly wherein you will have to reveal about your unstable medical condition. Did you know an incorrectly answered questionnaire can charge you a deductible of $5,000?
Is travel insurance offered by my credit card?
This is the most common doubt that all credit card holders have. A few credit cards do have health and travel insurance, whereas some provide emergency cash payment benefits. For instance, ATB MasterCard Gold has the facility of travel assistance that features lost ticket replacement and payment help of up to $5,000. Therefore, you will have to study the benefits offered by your credit card.
Will my current health insurance protect me abroad?
As a matter of fact, a majority of the standard health insurance policies do not cover you partially or completely while you are travelling abroad. So, in case of any new or ongoing medical bills, these policies do not help. Moreover, they are also not liable to pay you cash to help get home.
Does a travel insurance policy protect me from storms and hurricanes?
Certainly yes! You can easily find a policy that covers hurricanes and trip cancellation due to weather changes. To ensure that the policy covers these things, you need to check that it is listed in the cover section of the policy. Further, you must purchase the policy before the storm is predicted to enjoy the insurance for the entire trip. In some cases, you may be required to purchase such a policy soon after making the payment for your trip to avert waiting.