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John F. O'Hara

John F. O'Hara
731 W Skippack Pike  Blue Bell  PA 19422
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Office:  215-643-3200
Cell:  267-481-1786
Fax:  267-354-6973

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3 Reasons Your Travel Insurance Claim May Be Denied

September 25, 2017 1:08 am

Travel is a fun and exciting hobby; however, when something puts a wrench in your travel plans, it can quickly morph into a stressful and expensive nightmare.

Misunderstanding a travel insurance policy can lead to an automatic denial when it's time to file a claim. Below, Squaremouth explains three common reasons travel insurance claims are denied, and how to give yourself the best chance of getting your claim approved.

You Were Inconvenienced, Not Interrupted

Some travelers think their insurance will pay out because their trip didn't go as smoothly as they planned; however, in order for a traveler to be covered by their travel insurance, their trip must be cancelled, cut short, or delayed by a circumstance listed in their policy. If the reason is listed, they can be refunded for out-of-pocket trip payments, as well as additional expenses incurred.

Travel Insurance Claim Tip: Don't assume you're automatically covered if anything goes wrong. If you have specific concerns, make sure they are covered by your policy. If you are worried about something that your policy does not cover, you may be able to cancel the policy for a full or partial refund.

You Bought the Policy Without Knowing You Were Ineligible

Travel insurance only covers unforeseen events; however, many travelers think they can buy travel insurance after they become sick. If a traveler is already sick when they buy their policy, any claim related to that same illness will not be covered.

Travel Insurance Claim Tip: Some policies have the Pre-Existing Condition option, which can refund a traveler if their trip is impacted by an existing sickness or injury. To get this coverage, you usually must buy a policy within 14-30 days of making your first trip payment; however, even with this coverage, you must be medically able to travel when you buy a policy.

You Forgot to Keep Your Receipts

In order to be refunded, travelers typically need to provide proof of the expenses they incurred. Receipts are required to authenticate a claim, whether it's for a cancellation, delay, or medical emergency.

"We ask for receipts to prove the traveler made the payments they say they made, and to verify what happened," says Squaremouth Claims Director Brandi Morse. "Keeping your original receipts can speed up the process and improve your chances of getting your claim approved."

Travel Insurance Claim Tip: Ask for receipts to document any expenses incurred. If you forget, or if receipts are not available, your bank or credit card statement will usually prove you made the payments you are claiming for.

Source: Squaremouth

Published with permission from RISMedia.


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How-to Save Money While Shopping

September 25, 2017 1:08 am

(Family Features)—There's shopping for pleasure, then there's shopping for purpose. The latter is never quite as fun, but taking a practical approach to buying household necessities can help save money so there's more to spend on the shopping you enjoy most.

Tackle your household shopping with these cost-conscious tips from the experts at Scott Brand:

Keep a list. Knowing which groceries and supplies you have on-hand before heading to the store makes it easier to avoid overspending. Try an app on your smartphone to maintain a running shopping list. Look for one that includes sharing features so others in the household can let you know when they use the last of something that needs replaced.

Pull in price-cutting resources. Start by looking at store ads before heading out to shop so you know where to find the best deals. Plan your week's meals around sale items for an extra bang. Be sure to clip coupons from the local paper and print more coupons online. Also remember to do price comparisons at online shopping sites, especially those with subscription services that deliver items on a regular schedule with a steep discount.

Shop for value. Instead of simply purchasing the cheapest product, do your research to know which product offers the best value. Determining which products will meet your family's needs in terms of performance and long-lasting value at the lowest price can help you save in the long run.

Know when bulk spending is better. While it will likely make a larger dent on your wallet at the store, buying in bulk can provide long-term financial gain. Because you're buying in quantity, you'll likely be purchasing products that will last longer to help delay a return trip to the store. One way to minimize the "ouch" of the upfront expense: stagger your bulk-buying so you're restocking items over time, rather than all at once.

Avoid impulses. Especially when you're shopping with family members, it's easy to watch the shopping cart grow full with each "bargain" item at the end of the aisle. Unfortunately, these impulse buys can add up quickly. Instead, invite the whole family to help build a reasonable list and then help keep each other accountable to it. If you make it all the way to the register, reward yourselves with a small snack or treat from the check-out aisle.

Source: ScottBrand.com

Published with permission from RISMedia.


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