A: Eurail should have refunded your lost ticket promptly. You paid extra to “insure” your ticket against a loss, and the least the company can do now is honor your claim.
First, the good news: Nine out of ten travel insurance claims are honored according to the US Travel Insurance Association. So if you’re thinking of filing a claim on your policy, it will probably be honored.
Now the bad news: If you’re among the 10 percent who have been rejected, you could face a long and ultimately unsuccessful struggle to have your claim paid.
You don’t want to end up there.
How to avoid it? Make sure your initial claim does everything it should.
Congratulations, you’re the owner of a shiny new travel insurance policy. Now what?
Conventional wisdom says you wait until something goes wrong and then file a claim. But there’s a little more to it.
Your travel insurance company wants to hear from you – needs to hear from you – if you want to be a successful user of a travel insurance policy.
We’ve already reviewed who needs travel insurance and where to find it, but how do you know if you’re getting a good deal?
There’s no authoritative buyer’s guide that can tell you if you’re looking at a bargain policy or a rip-off. That’s because no two travel insurance policies are exactly the same. They vary based on your age, state of residence and coverage.
Travel insurance typically costs between 4 and 8 percent of your trip’s prepaid non-refundable cost. However, a “cancel for any reason” policy can run you 10 percent of the nonrefundable cost or slightly higher. Your policy may be more expensive if you’re older or engaging in a risky activity that makes a claim more likely, but generally speaking, you should be in that range.
Do you need travel insurance?
A good policy can offer you peace of mind for your upcoming vacation.
If something goes wrong – if your trip is interrupted or if you have to cancel – you can recover some or all of your costs.
About 1 in 3 travelers buy insurance for their trip, according to the US Travel Insurance Association. Should you be one of them?
Before taking out a policy, it’s important to determine whether you need protection at all.