Travel insurance: How to decode policy fine print
Trip cancellation and interruption: This coverage reimburses unrecoverable costs if an insured person cancels a trip due to unavoidable reasons. Applicable circumstances include hospitalization for 48 hours due to illness or injury, the death of the insured person or an immediate relative, or the occurrence of a catastrophe during the coverage period. Emergency: This includes coverage for the insured person’s stay in a hotel for up to 7 days beyond the existing booking, with conditions such as the severity of disability required for an extended stay, a limit of one claim per coverage period, and exclusions like prior awareness of potential claims or extensions for business or personal reasons.
Travel delay: This is applicable when an insured person experiences a delay beyond the specified number of hours for a flight’s scheduled arrival. To qualify for this benefit, the insured person must furnish written proof from the airline detailing the length of the delay, unless such information is directly available to the insurer from a reliable public source. Additionally, the delay should not result from the late arrival of the insured person.
It’s important to note that rescheduling of the flight by the airline is not covered under this benefit. Lost or damaged baggage: It encompasses both total and partial loss coverage for checked-in baggage. In both cases, the customer is required to provide written proof from the flight operator.
Total loss events and losses involving customs, police, or public authorities are not eligible for reimbursement. Another exclusion is losses covered by the airline. Personal liability and legal expenses: Reimbursing legal liability, including specified defense costs and a bail bond, incurred by
. Read more on livemint.com
