How to compare travel insurance by the policy's exclusions

Short answer: to compare travel insurance, read the policy's exclusions, not just the price and coverage amounts. Exclusions say in which situations the insurance does not pay, such as pre-existing conditions, risky sports or specific items. This text is informational, names no insurers and does not replace legal advice or advice from a broker.

Why look at exclusions

Advertising highlights the coverage. Exclusions and limitations sit in the general conditions, and they decide whether the insurance will be useful when it is needed. Two policies with similar amounts can have quite different exclusions.

What to read carefully

1. Pre-existing illnesses and conditions. Many policies exclude or limit coverage. See whether there is an option to include them.
2. Risky activities. Adventure sports, motorcycles and altitude may be excluded or require extra coverage.
3. Limits and sub-limits. The total coverage amount may be high, but there can be lower caps for items such as luggage or electronics.
4. Deductibles and waiting periods. How much you pay before reimbursement, and from when coverage applies.
5. Conditions for making a claim. Deadlines to notify the insurer, required documents and use of the assistance center.
6. Destinations and requirements. Some countries require minimum medical coverage amounts; confirm with official sources for the destination.
7. Cancellation and delay. The accepted reasons are usually specific.
8. Alcohol, negligence and recklessness. These are common exclusions.

Questions to ask

• Is what worries me covered, and for what amount?
• Is there a deductible or waiting period?
• What is the reimbursement process, and how long does it usually take?
• Can I see the general conditions in writing before buying?

Counterpoints

More complete insurance costs more, and not every traveler needs maximum coverage. The ideal is to balance the trip's risk, your profile and your budget, without comparing only the lowest price.