There are a lot of people who complain about how their claims got rejected at some point or the other in their life. In most cases, the insurance company is not at fault, it is the policy buyer who has skipped a few points and bought an inappropriate policy. People are usually particular about things like air-tickets and hotel bookings and pay very little heed to travel insurance. Buying the right kind of insurance policy that suits the requirements is equally important as one could face a lot of trouble in case of unforeseen situations.
There are chances that you or your loved one might fall sick and have to be evacuated to the nearest medical centre. You are hopeful that your insurance policy will take care of your damages. If your insurance company covers the medical assistance, you continue to enjoy your trip. What if the insurance company does not honour your claim? There are several cases every year where the insurance claims get rejected. Here are 4 real reasons why the claims are rejected. Make sure you are completely equipped with whatever is required in order to enjoy the benefits –
When the claim is made for exclusion
This is the main reason why it is always advisable to read all the terms and conditions carefully before buying a policy. One must know what all situations are covered under the policy and what are not. This is especially applicable for all those who buy cheap travel insurance plans to save a few bucks and then end up getting disappointed. Therefore, you must buy an insurance policy that suits your requirement.
When the bills are missing
When you wish to file a claim for a medical emergency, it is essential to have a copy of all the bills and receipts of the hospital and other medical centre where you availed the services from. You can also get the contact details of the doctor/s that assisted you on your health condition.
When the rules change
The insurance company modifies/changes its rule every financial year. You must read all the terms and conditions properly even if you are buying an insurance policy from your trusted insurance provider.
When your form is filled incorrectly
When you apply for a fresh policy, you have to file up a form. If you file a claim regarding a health reason which was previously not known to the insurance company about you, the claim could get rejected. If you have a pre-existing illness and you did not tick in the right box, the insurance company has the right to reject your claim.