Travelers of Hong Kong who went to Thailand who only bought insurance after the last killer earthquake was not protected, days after the strong shocks that focused in Myanmar caused severe damage to Bangkok as well.
Legitimacy Chan Boy-Liong, who is also the general manager of China Insurance Company (HK), explained the general damage or losses included in the insurance policy if the earthquake occurred before its date of validity of politics.
“The insurance is usually stipulated not to cover the known risks. Insurance aims to cover unexpected risks, not situations where the risks, such as the earthquake, are already known at the time of purchase,” Chan said on a radio program on Monday.
Insurance companies were usually rejected when the travelers moved to areas with known risks, such as the earthquake areas or the regions under travel or consulting warnings, citing provisions in policies that often included “being deliberately exposing himself to an unnecessary confrontation.”
“In such a situation, if you move on your travel to that region, there is an opportunity because the insurance policy will not cover any claims. This insurance covers in the first place unexpected events.”
The residents urged to buy insurance immediately after confirming airline tickets and accommodation, as most claims, including the cancellation of the trip, will be covered, as soon as the policy is valid.
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