February 27, 2020

How to avoid common reasons for insurance claim rejections

Buying travel insurance before heading off for a vacation means you are organized. Travel insurance helps make up for a wide variety of losses you might encounter during your travels. But are you certain that you’ll get compensation even in the worst case scenario?

Avoid making the assumption that your policy is good enough to cover everything. Use the following tips to help you ensure that the policy gives you proper coverage:

  1. Supplier failure –You never know when the airline you’re traveling by or the travel agency you’re using “goes bust”. Make sure you review the policy thoroughly to see if you get coverage is either of these suppliers goes out of business.
  2. Valuables coverage –It’s crucial that you check with your insurance provider about the maximum coverage on valuables. In most cases, the policy would come with a default coverage limit for valuables and you might make a mistake by not reading the fine prints. This is necessary because if you intend to carry along expensive electronics and other valuables, you might need to increase the amount of coverage.
  3. Obtain proof –In case of issues like theft or damage of luggage or valuables, your insurance provider would require proof before paying you out. That’s why you must try to submit a report to local police in case of theft, so you can file a claim using the crime reference number.
    In case of damage, you could try attaching photos of the items that have been damaged when filing your claim. If your luggage has been lost in transit by the airline, you would need to submit a complaint and use the reference number to file a claim.
  4. Extra coverage –For most people, standard travel insurance policies may be sufficient to cover every eventuality. However, in case of travelers who plan to participate in activities that could easily lead to accidents (such as extreme sports), it would be a good idea to confirm if the policy gives them coverage for that as well.

It’s always a good idea to keep your insurance information close at hand, so you can easily produce them when necessary. Try having the documents photocopied and carry them in your handbag or backpack.