Travel insurance claims are on the rise: Here's what travelers need to know

ST. PETERSBURG, Florida., September 5, 2024 /PRNewswire/ — After a summer marked by Travel disruptions and delaysTravel insurance claims increased by 21% compared to last year. With an 8% increase in travel this fall and the travel costs continue reach record figuresProtecting your travel expenses with travel insurance is more important than ever.

With travel up 8% in the fall and travel costs at an all-time high, protecting your expenses with travel insurance is crucial.

Squaremouth, the leading travel insurance comparison site, reveals three of the main reasons why travel insurance claims are rejected and how travellers can give themselves the best chance of having their claim approved.

They made you uncomfortable, they didn't interrupt you.
Travelers often think that their insurance will pay them because their trip didn't go as well as they had planned. However, for a traveler to be covered by their travel insurance, their trip must be affected by a circumstance listed on their policy. If the disruption is covered and occurred after the traveler purchased a policy, they may be reimbursed for travel expenses they paid out of pocket as well as any additional expenses they incurred.

Square Mouth Tip: Don't assume you're automatically covered if something goes wrong. If you have specific concerns, make sure they're covered by your policy. If you find that your policy doesn't meet your coverage needs, you may be able to cancel it for a longer period. full or partial refund.

You didn't keep your receipts
To receive reimbursement, you must provide proof of the expenses you incurred. Receipts are required to authenticate a claim, whether for cancellation, delay or medical emergency.

Square Mouth Tip: Ask for receipts to document expenses you incurred. If you forget or don't have receipts available, your bank or credit card statement will usually prove that you made the payments you claim.

He purchased the policy without knowing that he was not eligible
Most travel insurance policies provide coverage for unforeseen medical emergencies; however, many travelers believe they can purchase travel insurance after they become ill. If a traveler is already sick when they purchase their policy, any claims related to that same illness will not be covered.

Square Mouth Tip: Some policies offer Pre-existing condition Coverage, which can extend benefits to a traveler if their trip is affected by an illness or injury that existed when they purchased their policy. To obtain this coverage, you must generally purchase a policy within 14 to 30 days of making payment for your first trip. However, even with this coverage, you must be medically able to travel when purchasing a policy.

About Squaremouth: Squaremouth.com has insured over 3 million travelers. Thanks to Squaremouth's intuitive comparison and quote engine, award-winning support team, and verified customer reviews, travelers can save time and money finding the best travel insurance policy for their trip.

Subject matter expert available: Jenna Hummer He is available for comments and interviews at jhummer@squaremouth.com

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SOURCE Squaremouth