Most people have heard horror stories of
how travel insurance companies deny people’s claims. It makes it hard for people to believe in
them and view travel insurance companies as a scam. The answer is that the travel
insurance is legit but there are vital things you need to understand to avoid
becoming a victim in the horror stories.
Generally, travel insurance is a good
type of insurance and having to pay a reasonable premium amount means good
insurance. Travel insurance is a good way of protecting you from potential cost
of any emergencies like medical emergency which might have crippling costs.
However, it is all dependent on the insurance company when it comes to payment
of the claims. The payout rate of the claims is highly guarded, and there is some
evidence that it’s true the insurance companies pay the claims.
There are various ways you can use to
make sure your claim is paid without having to involve lawyers and extra costs.
You need to have in mind that insurance policy is a legal contract. It is vital
to read through the policy and understands what it entails before signing up
for it. There are some exclusions and the contract lists them and therefore
important to go through the policy to understand what is offered and what not.
It is important to answer the medical
questions appropriately and if need be consult a physician or a pharmacist when
filling that part. Before buying your insurance, talk to your insurance company
about your pre-existing condition such as heart conditions, recent changes in
medication as most plans cover stable and controlled conditions. However, it is
advisable to read and understand how the policy defines stable and controlled.
No comments:
Post a Comment