The Most Common Travel Insurance Claims
Common Travel Insurance Claims
Many people love traveling abroad, discovering new countries, new customs and exotic places where they could spend some quality time with their family and friends. Since traveling is so frequent, many times unpredictable things could occur, things that could ruin a person’s vacation and prevent them from having a good time on their holiday.
That is the main reason why travel insurance is increasingly popular; all over the world, people travel for business or pleasure, and they need a means of security, they need to feel they are protected against any unfortunate event that might occur.
Basically, if you have travel insurance, this is an inexpensive and efficient way to save many unpredictable situations that could otherwise turn into expensive and frustrating travel disasters. Travel insurance is very popular and therefore very affordable, you can use it for any kind of travel you might need to undertake and for any period of time you may need it. And believe me, you probably will need it.
The most recent statistics show that almost 2 million insurance claims are filed each year by people traveling abroad for various reasons; the reasons range from asking for refunds on cancelled flights to the payment for costly medical bills abroad. When you buy travel insurance, one of the key aspects you need to consider is the main insurance claims being filed regularly by people traveling abroad.
One of the most frequent claims being made each year is for medical costs. Approximately one third of the entire number of recorded claims involves medical bills, which makes medical insurance the most expensive type of traveling insurance.
The average amount being claimed by United States travelers is $500. because the number of claims is so high, medical insurance is particularly pricy in the United States, but also all over Canada and Europe, with prices ranging anywhere between a few hundreds of pounds for common treatments and medication, to some thousands of dollars (respectively euros) for helicopter evacuation and other extraordinary interventions.
The second most frequent insurance claim made by travelers involves lost luggage. This kind of insurance is very frequent, because accidents involving lost baggage are also quite frequent. It may not seem like a big deal, but an incident involving a misplaced suitcase could really ruin your whole vacation, so it would not be wrong to consider insurance with coverage against such a risk. It could really help save an entire vacation.
Flight cancellation is another frequent occurrence, against which you could get a travel insurance policy. it is necessary to consider this kind of insurance policy on time, because getting insurance at the last minute could make you risk ruining your holiday and losing a lot of money on the way.
You might have to cancel the holiday yourself due to an unpredicted event, or the airline might cancel your flight; either way, in order to get your money back, you need to have insurance.