The Holes in Your Policy – The Curse of the Comparison Sites

Today, the practice of using a comparison site prior to buying a travel policy is having a seriously detrimental effect on the marketplace. At first, websites only looked at price, but now most will show the price plus ‘key features’, which usually refers to the amount of medical insurance and cancellation insurance, as well as baggage protection, and possibly a couple of other items. The customer is expected to look for the company offering the most comprehensive medical coverage for the lowest price . And when the price for baggage is PS100 higher than the next best that will probably swing the cost.

Of course, this means insurance companies often alter their policies so that they are attractive on websites that compare. Unfortunately, travel insurance policies are not able to be reduced to the most important elements’ as they vary in the exact terms of what they cover as well as the definitions utilized.

There are many flaws in travel policies that you may not be aware of until you have to make an claim. The comparison websites entice insurance companies to offer policies that look good but could have more flaws. Visit:-

The medical coverage is the main thing you want when you purchase a travel policy. The risk of serious illness when traveling to foreign countries is real and all of us want to avoid being bankrupted or being left without care. While the quantity of medical coverage is different between PS2 million up to PS10 millions but they are generally sufficient. However, it is important to take into consideration the US’s higher limits in case you travel to the US.

Certain policies can reduce the deductible or provide some extra, if you possess a valid EHIC card when travelling within EU and using public facilities. Some, but not all policies say that they will only cover private hospitals within the EU in the event that they have signed a specific agreement and that you must insist on going to a public hospital. While it is typical for all policies to state that coverage will be granted after the emergency helpline has signed their consent, certain firms have specific provisions which can make it seem like they’re trying to avoid the situation. It is actually in everyone’s interest that the personnel of the helpline be involved as quickly as they can because they will ensure the proper treatment is provided. However, all the companies need to recognize that if you’re in the rear of an ambulance following an accident of a serious nature, you and your loved ones may have other issues to think about. Many companies use the phrase “as quickly as possible” and I think that any business trying to deny a claim must have very strong grounds to deny a claim.

The real problem and the most significant flaw in some policies- isn’t the hospital itself and what happens when you leave.

If you suffer a leg injury and a few ribs, your time in the hospital is likely to be minimal and the costs for medical treatment quite low. However, you might be declared ineligible to travel for two weeks. That means that you’ll have to pay for two weeks of food and lodging and a new ticket.

These costs are covered by many policies and count towards the maximum medical expense allowed. The policy could say that it will pay for accommodations in the same hotel as you booked. The policy will also pay for the extra expense of an economy ticket on your return. Basically, this is unlimited coverage. Because they were the last seats left, two weeks in the Caribbean or Business Class return flight for you and your friend would be a major cost.

You can probably see that these amounts can be quite expensive for insurers, and it is very tempting for them to cut back to the maximum extent possible. I checked a cheap policy that has the same general medical limit as other policies but states they will only pay the maximum amount of PS1000 in total for the cost of a return flight and basic hotel accommodations. This policy seems to be worth the money as it appears to offer the same protection as other policies , however it does not and could cause you to be completely out of pocket.

I would suggest that you take a close look at the proper wording of your policy. This can be vital in the case of an accident or illness. Nearly all policies cover medical expenses without delay however, some, essentially identical policies, could leave you with costs of thousands of pounds.

There is a second problem that is beginning to be noticed by insurers and is not confined to those with budgets.

Everyone is aware that insurance policies must be declared in the event of a medical condition. Most people don’t realize the requirement applies to ‘annual multi-trip’ policies as well. The phrase ‘annual policy’ is misleading since each trip is in fact an individual policy that is new and the business will assume you are verifying the status quo on your medical history prior to deciding to take a trip. The insurer can cancel an annual policy should you become ill during the term of the policy. Certain insurers might impose additional fees or conditions on customers who contact them within the course of an annual policy to notify the insurer of any changes to their health. Some insurers believe they are in a corner and be charged accordingly. If you think this is the case, it might be advisable to look at other companies as you might be able to change the policy.

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