Do You Need Travel Insurance Waiver?
Trying to find the best travel insurance that suits all your need can be a very daunting task. Again making decision between the single trip deals and annual travel insurance or even going for insurance that grants waiver can likely cause great confusion. This article will provide some guidelines on how you can choose the best travel insurance and help you figure out if you really need to include travel insurance waiver next time you are getting your insurance policy done.
Travel insurance is the form of insurance that is designed to give adequate protection to your health, belongings and even the cost of your trips. Taking annual travel insurance cover is best if you are the type that travels frequently, it will give you the peace of mind that you need. If you are just going on weekend get-away, a single-trip deal is enough to grant you the cover and the peace of mind you need. No matter the type of travel you decided to go for. You will be protected in the case of eventualities such as:
- Loss of your luggage
- Flight delays and cancellations
- Theft or loss of personal belongings
- Access to healthcare in the event of accident or illness repatriation
- Injury or death
- Cancellation of holiday due to sickness
The two type of travel insurance policy includes:
- Single-trip policy
- Multi-trip policy
Single trip policy provides adequate cover if you are going for a single continuous holiday which may involve visiting multiple destinations. This type of policy usually has a specific duration of time it can last usually 30 to 60 days period.
Multi-trip policy on the other hands provides protection for those who decide to go on holiday at any time during the annual term of the policy. This type of policy will give you both the peace of mind and financial protection you need during your travels. It last for the whole policy period and covers the whole trips you take during the period of the policy.
Do You Need Travel Insurance Waiver To Get Full Protection?
Most travel insurers don’t usually cover you for losses that may be as a result of pre-existing medical conditions. However, there are some insurers who will grant you a waiver to the pre-existing medical conditions if you met the guidelines and requirements set by them. There are different types of requirement by different insurers and knowing them will help you decide if you need to get insurance waiver. Again what can be defined as pre-existing medical condition may vary from one insurer to another. However pre-existing medical condition can be defined as seen below:
“Pre-existing medical condition can be defined as any injury, sickness or medical condition that you are suffering from or your travel companion is suffering from for which medical diagnosis, advice, care or treatment was received or recommended within the 180-day period ending on the Effective Date. In other words, it is any injury, disease, sickness or illness that you know about or you suppose to know about before you bought your travel insurance”.
Different insurance company have different terms and conditions for granting waiver to pre-existing medical condition, before you get a travel insurance make sure that you find out if your insurer can grant you waiver to pre-existing medical conditions. Then find out their terms and condition.
Here are some samples of requirements by travel insurer before you can secure a waiver:
Waiver of the Pre-Existing Condition Exclusion (Please note that this is available for policy holders under Age 80)
The exclusion for Pre-Existing condition shall be made available to our policy holders if this plan is bought within 21 days of the date your initial trip deposit is paid.
Please bear in mind that this waiver does not apply for those who are eighty years of age and above
We will waive the Pre-Existing conditions if you met the following requirements
- Purchase our policy at same time you make the payment for deposit needed for your Trip
- You enroll in this policy for the full cost of your covered trip
- You are declared medically fit to travel at the time the premium if paid.
When you are looking to secure travel insurance plans which provides waiver that suits you, you first need to check if there is any age-restriction like in our example above. The best thing to do is to call the insurer to find out.
You need to be able to travel any time you want. Having a pre-existing medical condition should not be an impediment to your travels as far as you are medically able to travel, that’s the main benefit of getting a travel insurance policy that grants waiver. If you have any medical condition, securing travel insurance policy that gives you full protection including your pre-existing conditions is the best way to stay covered throughout your travel period and also experience peace of mind that comes with being protected.
You need a travel insurance waiver to stay fully protected on your trips. Therefore it is very important that you carry out an extensive and comprehensive research to find out the best insurance company that will grant you the protection you need on your travels including granting you waiver with fewer restrictions.
