It pays to read the fine print when booking your travel insurance or your holiday could cost you much more than you bargained for! Here are some common snags to be mindful of...
Be aware of the definition of “unattended” in your policy of choice. Leaving your towel and phone on the beach when you go for a swim or dropping your wallet in a taxi are often not covered.
Sometimes cancellation cover is only available if the travel insurance is purchased at the same time as the tickets
Pre-existing medical conditions
Even conditions which have been undiagnosed but for which you have experienced symptoms are often not covered. It’s also important to disclose the pre-existing conditions of your close relatives, if this may impact on your travel.
High risk destinations
It’s important to check the government’s Safe Travel website for the travel advisory status of your destination. Countries and areas deemed extreme risk may not be covered.
A policy may specify that an insured event needs to be notified to them within a specified timeframe (for example 24 hours). It’s important to be aware of the notification period and stick to it
Many policies will have a dollar limit claimable for each item; this dollar limit may not cover the replacement cost, so maybe leave that massive rock at home!
Have a think about what you plan to do during your trip. Activities like scuba diving, bungy-jumping, para-sailing and hang-gliding may be excluded from the standard policy. These can often be added for an additional premium.
...and even riding a Moped is considered a hazardous pursuit in some cases.