Travel insurance is an essential pre-trip investment for any traveller. Travel insurance can help you pay for unexpected things that happen that would otherwise leave you largely out of pocket. But what are the most common travel insurance claims? Let’s take a look in this article!
The most common claims are for the following:
1) Flight delays
2) Cancellations of flights or accommodation
3) Medical costs
4) Lost or stolen baggage
A whopping 93% of travel insurance claims are for one of the above. Let’s explore in a little more detail…
Trip cancellation and delays
The most common reason for claiming on aib travel insurance tends to be trip cancellation or abandonment, with around 40% of claims being related to this.
Trip cancellation could come from the customer’s end or the supplier’s end – for example, if an airline goes bankrupt, they would subsequently cancel their customers’ trips.
However, trip abandonment could refer to when someone is unable to make a trip. This could be for a variety of reasons, including personal illness or illness of a relative, bereavement, moving jobs, or personal financial issues.
Illness or injury
Illness is the next most common claim, and many people consider this to be the most important thing to be insured for. This is because falling ill overseas, or having a bad injury, can result in bills of up to a million Dirhams or more.
And claiming for illness and injury is fairly common, although generally medical bills are less expensive. Still, having travel insurance for medical reasons is essential for peace of mind.
Lost or stolen baggage
Lost or stolen baggage is another common travel insurance claim. These are sometimes contested, especially if the baggage was not reported missing in time or left unattended.
There is also usually an excess, and some people find that the contents of their baggage are worth less than the excess, therefore they may not bother claiming.
There are many other things that you can claim on insurance for, but these are the main ones. As discussed, it’s important to have travel insurance not just so your holiday is covered if you need to cancel or if your airline or accommodation cancels, but so you are covered if you get ill overseas. Click here to find the right schengen visa insurance for you.