4 Things Your Travel Insurance Does Not Cover
This article originally appeared on ValuePenguin Singaporeans love to buy a travel insurance policy when planning an overseas business trip or a holiday. For a relatively small amount of money, you can get insurance coverage for a medical emergency, cancellation of your trip, and a host of other events that you can’t plan ahead for. However, although you may feel secure just because you purchase a policy, there are things that even it won’t cover. People forget that buying an insurance policy is not just about getting the lowest price. In order to clarify what you can be covered for, the best thing you can do is to comb through the insurance policy’s terms & conditions and read through its fine prints. However, most people pay very little attention to this document and simply assume that the insurer will pay them for any mishap that occurs on their trip. Nothing could be further from the truth. An insurance claim is payable only if it is explicitly allowed by the terms of the policy. Below, we list a few situations where you may be ineligible to get reimbursed even though you may think that your claim is absolutely valid. 1. Medical
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