Reasons for Unsuccessful Travel Insurance Claims

claims binderNot all insurance claims are successful. For this reason, it is important for every insurance policy holder to read and understand the terms and conditions attached to their policy to ensure successful claims.

Here are some of the common reasons why travel insurance claims may be unsuccessful.

#1 Carelessness

Loss through negligence is not covered by travel insurance. People who leave their valuables behind on vehicles or in their hotel rooms by accident will not be able to successfully claim on travel insurance. Insurance companies would only offer compensation if losses occur even after thorough care has been taken.

#2 Policy exclusions

Learn about the incidents that are not covered by your insurance policy. Injuries that appear to be self-inflicted (including suicides and miscarriages) are not covered by travel insurance.

#3 Failure to Claim within Specified Time

Your insurance company requires that you to report any incident that warrants insurance claims as immediately as possible. Read your policy to find out how much time you are given to report the incident in order to make a successful claim.

#4 Inappropriate Reason for Claims

Insurance companies can easily identify errant or invalid claims. Make sure your claims are valid, and support it with the documentation needed including any police or doctor reports. Check the terms of your policy to ensure that your claim is valid within the provisions of the travel insurance policy.

#5 Late Travel Insurance Purchase

Be sure to purchase your travel insurance policy immediately after buying your flight tickets. Insurance companies only cover future events, and will not pay out claims made for mishaps that occurred before the purchase date

It is important to have thoroughly researched about the insurance company you are buying your policy from. Deal with a registered insurance company with an excellent track record. Contact the Department of Trade and Industry’s (DTI) Consumer Welfare Desk and report any unfair insurance company practices.

Although, there are problems when filing a travel insurance claim, it is still very important to have one. You can find a travel insurance on our website and apply online right away!

Leave your comment