Traveling with your loved ones is a great experience which I'm sure nobody wants to spoil for any silly reason. A great trip experience leads to some great memories which you would cherish for the rest of your life. If you are a person who loves traveling, then you are most likely to buy a travel insurance to cover your holiday emergencies. However, buying a travel insurance isn't enough if you don't know all the details of your policy or if you don't choose the right one.
Check out these common mistakes which people make with their travel insurance:
1. Involving in activities which are not covered in your policy: Holiday means lots of fun for us - visiting new places, new people and engaging into lots of fun activities like Scuba diving, riding water scooter, skydiving etc. It's really a great experience! Isn't it? Problem arises when you indulge in any such activities which is not covered in your policy. This is quite a risky situation because if anything bad happens to you, the policy won't give any compensation. So, before starting any such activity, travellers are always advised to check with their insurers whether or not their policy gives any coverage for such activities. There might be a possibility of purchasing additional cover. It's also discouraged to go to the places which your policy doesn't cover.
2. Hiding your medical condition when buying the policy: There is no restriction for the buyer to reveal their true medical condition at the time of purchasing a travel insurance policy. However, under any circumstances there would be no coverage for any medical emergency. If you fall sick due to any of your undisclosed medical condition which forces you to extend your trip and you miss your flight, then your travel policy will not cover your medical cost nor the cost of booking a new flight ticket.
3. Failing to check terms and conditions of your policy: While buying the policy, understand properly the terms and conditions of your policy. Failing to do so can lead to a dreadful mistake and can make the policy useless for you at the time of emergency. Always, double check the terms and conditions before going for a policy.
4. Consuming too much alcohol: Every traveller should be aware of the fact that, no policy covers any damage caused by excessive alcohol consumption. To be precise, having one or two drinks is quite natural and is part of that good time which you spend on your holiday. However, with excessive consumption if you meet with an accident, do you really think your policy would cover that? The answer is a big “No”.
5. Holding up the policy till the last minute: Life is full of unexpected events. You never know when an unexpected event might crop up and keep you from going even after booking your tickets and accommodation. So, it’s always advisable to buy the travel insurance policy one week earlier instead of leaving it for the last minute. Thus, it can prove to be useful when any such unexpected situation arises. Most people do the mistake of late purchase. They keep it for purchasing till the last minute as they feel this would save them money. This is totally a wrong notion. The policy would only provide coverage if any unexpected event happens between the purchasing date and travel date.
6. Taking a policy without doing any market research: There are many travel insurance policies available in the market. Research properly before opting for one. Check the review of your plan on Internet and compare that with other available plans. Choose the one which suits you the best.
Last but not the least, travel insurances are meant to help travelers. So, keep your eyes open and purchase the policy without committing any mistake. While buying an insurance policy a small mistake can turn into a huge blunder and can fade away the pleasure of your trip’s experience. Choose your policy wisely to have a safe and joyful trip!
