The majority of us that will be heading to warmer climes for sun, sea and sangria will be taking out insurance to ensure that any holiday mishaps are covered.
However, it is becoming more common that holiday makers are being caught out because theyare not aware of certain stipulations within their insurance.
When you take out holiday insurance there are the standard questions that you answer to work out what cover you will require.
Obviously an ice climbing holiday in Norway is going to cost more than lounging on a beach in Spain due to the risks involved.
Read the small print
However, more holiday makers are not reading the finer details on their insurance which may have some fairly important information.
For example your insurance may be void if you have alcohol in your system. For those going away on boozy holidays this is something that they need to look into.
Image by: Derick Purdy
Not that we are in any way encouraging the holiday binge style of holiday, far from it, but for people who will go and get incredibly drunk and fall over may think twice if they were aware that they would wind up footing a much larger bill due to lack of insurance.
Perhaps it is due to the relatively simple process of purchasing travel insurance that leads people to think that it simply covers them while abroad. The truth of the matter is that there is a lot more to it than you may first realise.
Know the limits
The main reasons why travel insurance won’t pay out is - Drugs and alcohol, negligence, lack of receipts or reports in the case of an incident.
These are all fairly standard reasons for insurance companies to not pay out in the case of an incident. However, there are some covers that are a little bit more precise, some will not pay out should your alcohol blood level be over a certain level.
For those of you who will be taking to the mountains for hiking or skiing activities ensure that there is not an altitude clause in your cover.
It may be easy to purchase travel insurance and not overly expensive, but make sure you read the small print as it is rarely as straightforward as you would think and the last thing that you would want is to find your self in a situation where you may be facing a huge bill. And of course, be sensible.
Just because you are on holiday doesn’t give you the excuse to act like an out of control child. Think before you leap.
Have you taken out travel insurance only to discover that you weren’t covered when you needed it? Share your experience in the comments below.
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July 23, 2023
insurance