Insurance problems......


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Posted by Dan druff on Tuesday, 8. November 2011 at 18:51 Bali Time:

Channel 7 reported that the cover afforded by "Gold Card" credit cards may not provide effective cover.
A young woman drank cocktails somewhere in Bali (Not the Lombok one?) and got Methanol poisoning.
The expenditure with Medivac was very high of course, plus treatments and associated costs.
Her mother had purchased all tickets and accom with the gold card for her family and thought all were covered.
The issue is with the word "dependant", because the daughter was not dependent on the mother, and subsequently the bank (or I guess their broker) refused to pay up.
I guess there is a lesson in this.
Check the fine print with all insurances for little loopholes like this.
It could turn out to be an expensive oversight!!


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