According to a recent study by the American Automobile Association, around 38% of America’s population, which is nearly 125 million, purposes to invest in travel insurance plans for the future. While the travel insurance buyers can rest assured they have complete coverage for their trips, for other people, there can be too many squandering expenses. If you are someone who is hoping to apply for travel insurance in full zeal, and then are distressed to know about the application denial, below are some things that you can do.
Know The Reasons
Different insurance companies have different ways of evaluating insurance cases. Meaning, it does not mean that if an insurance company has rejected your application, another one will also do the same. Especially if your application was rejected for a trivial reason, there is a great chance that other companies will be interested in providing you insurance cover.
Check The Submitted Documents
Several times insurance applications are rejected because applicants provide outdated or incorrect documents. For example, make sure the contact number and house address is your current one on the ID proof submitted. Medical reports are often submitted wrong. Also, you can get yourself checked again for any pre-existing condition so that your document is strong and valid. Sometimes, the error is done by your insurance agent, so make sure he submits the appropriate documents in time.
Get In Touch With an Insurance Advisor
If your insurance application is rejected by several companies, the best thing you can do to understand and resolve your problem is getting in touch with an experienced professional. Someone who has connections and a lot of understanding of the insurance industry can help you understand the reason why so many companies rejected your application. He can also provide you with efficient advice or find insurance for you on limited terms.
Wait A Few Months
Maybe the reasons for which your travel insurance application was rejected won’t exist anymore after six months. You can place your bet on this possibility if your insurance was denied due to medical reasons. The condition for which your insurance company was reluctant to provide you insurance can cure over time. Also, if the issuing of some documents was pending when you applied for insurance earlier, you can apply next time with full documents.
Become A Part Of Group Insurance
Group insurance, like the one present at your workplace can still provide you cover if you are unable to find a travel insurance plan for yourself. Although the reimbursement must be low per individual in this type of insurance, it is convenient and affordable. You can discuss your insurance with your company or ask HR in your job interviews.
Additional Tip
If insurance companies are constantly rejecting your application, it is better to stay hooked with the one that accepts your case. You can invest in renewable plans and apply for the maximum coverage that you can afford. Another alternate idea is you can invest in a savings scheme that provides impressive returns. It will also ensure economic support during times of need.
Although you have been denied travel insurance, there’s still a lot of hope for you to find a lucrative plan. Remember that no size fits all, meaning you can apply for insurance again under different conditions. However, it is much better if you make an appointment with insurance advisors soon, they can assist you in every condition.
Travel Insurance Master is an online insurance comparer where you can find and compare the travel insurance plans of the nation’s most trusted insurance providers. If you are confused or don’t know which plan suits you the best, our experts can help you. We are in the insurance industry for years and are known for breaking and building new milestones. You can contact us now to clear your queries and doubts. Follow us on Twitter, Facebook, and Instagram for quick updates.