The types of disaster that could arise due to the financial crisis are not covered by all policies.
Vacationers who have been planning to head to Greece are being warned that they might want to take a second look at their travel insurance policies in order to make sure that they will indeed have the types of coverage that could be needed if the financial environment stats to collapse even more than it already has.
Thousands of people who plan to take their summer vacations in the country may not be as covered as they think.
While many travelers have purchased travel insurance, in this type of situation, the cheapest policies are not necessarily going to be enough to cover the types of peril that could occur within that country while visiting. This could end up leaving a number of tourists stranded without any coverage and with rejected claims if things should go wrong while they’re there. According to experts, this issue is more acute this summer than it has been in many years as basic coverage proves inadequate to deal with the major issues that have arisen in Greece as well as many other countries.
Cheaper travel insurance will likely not provide coverage if strikes in Greece make traveling there an impossibility.
The same can be said for travelers who must leave for home early in the event of a terrorist threat in another country such as Tunisia. According to TravelSupermarket’s Bob Atkinson’s warning, “Cheaper policies don’t cover everything,” adding that “Instead, get good, well-priced middle-of-the-road or above cover, and ensure you read it before you travel so you can cancel and re-buy if it’s not suitable.”
Among the major features of an insurance policy that travelers will likely require, particularly if they are headed to Greece, is one that will provide coverage for supplier failure and that will protect them against civil unrest as well as having to shorten or cancel the trip.
Frequently those necessary additional coverage types are found as a standard part of more expensive policies, but they can be added on to cheaper travel insurance policies for an additional fee.