Revolut travel insurance covers you using geolocation tech in your phone

Revolut Travel Insurance

This Fintech startup offers a subscription service offering international medical and dental coverage. The new Revolut travel insurance, the product of a Fintech startup, now offers international medical and dental coverage. The product involves the use of a mobile app and geolocation technology. For a small daily subscription fee, users are covered even when they travel from one country to another. The unique new form of Revolut travel insurance lets travelers purchase a basic cheap coverage that will follow them wherever they go, regardless of whether they head out of…

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Travel insurance claims are pouring in following several hurricanes

travel insurance claims policies

This busy storm season has led to a large number of filings from people whose vacations were interrupted. The active 2017 hurricane season has led to a sudden influx of travel insurance claims as vacations and business trips see interruptions. This type of storm season has helped to demonstrate the value that this type of insurance coverage can offer travelers. Thousands of people across the United States are breathing a sigh of relief after purchasing the coverage. Those who purchased their travel insurance policies before the storms were named can…

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Travel insurance trends head toward protecting travelers from terrorism losses

travel insurance trends - phone security check

Interest in these coverage products has been on the rise due to a growing number of global events. Leading travel insurance trends aren’t just focused on hurricanes and illness anymore. A considerable number of traveler inquiries are now seeking to make certain that they are protected against losses from terrorism, too. This shift in the market has been greatly driven by the rise in terrorist attacks happening in popular travel destinations. Travelers feeling a growing concern about the way terrorism could affect their plans and are requesting information and are…

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Travel insurance policies may become necessary under new US government policies

travel insurance claims policies

People planning to take a vacation or business trip in the United States may need additional coverage. With the changing restrictions for travelers, travel insurance policies that allow policyholders to “cancel for any reason” may become much more important. While these more expensive forms of standard travel insurance have always protected people against losses from having to make last minute changes – or cancellations – to their travel plans, travelers may now need it in case they are turned away from the United States. The standard insurance policy for travelers…

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Travel insurance company steps up to cover people affected by Trump’s ban

travel insurance - trump travel ban

AXA Insurance UK has promised to compensate customers for costs resulting from the “unprecedented” decision. A British travel insurance company called AXA Insurance UK has announced that it will cover costs resulting from President Trump’s “unprecedented and unforeseen” executive order. Trump placed a travel ban on Muslim residents of seven countries, barring them entry to the U.S. The executive order threw a wrench into the travel plans of thousands of people. Though this type of event is not technically covered by a travel insurance policy, AXA Insurance UK has said…

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Zika travel insurance coverage isn’t on most policies

France flood insurance companies - Seine June 2016

Cancelling a trip as a result of the presence of this virus in the area is not covered in typical policies. Travelers looking for Zika travel insurance are surprised to learn that it’s not easy to find. The typical policy does not provide coverage for cancellation due to Zika virus risk. Insurance companies and health agencies are warning vacationers to inform themselves before booking. The CDC has released new guidance meant for doctors whose patients are pregnant. Those directions are also meant to focus on pregnant patients who have recently…

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Scam travel insurance claims are becoming more commonplace

travel insurance scam airport

According to recent data the most rapidly growing coverage segment is also a massive target for scams. Though auto policies have traditionally been the area in which insurers have traditionally had to be the most vigilant in watching for scammers, travel insurance has suddenly started to see the emergence of a new trend in false claims. The General Insurance Association (GIA) has reported that this insurance sector is growing exceptionally fast. The GIA has noticed this trend as a growing number of people travel overseas and recognize the importance of…

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Travel insurance inquiries spike from Zika virus concerns

mosquito zika virus travel insurance

Vacationers and business travelers, alike, are looking into coverage to give them peace of mind. According to a recent data release, calls regarding travel insurance have skyrocketed from airline travelers who are worried about the type of medical care they would receive if they were to be infected with the Zika virus while away from home, how much that care would cost, and whether or not it will provide them with the opportunity to cancel their plans if they are headed into an area where infections are known. People heading…

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Auto insurance confusion leaves some snowbirds uninsured

auto insurance ride share program

For those who drive south throughout the winter, it’s important to remember state coverage regulations. New information has been released from NerdWallet.com, a consumer financial info provider, which has revealed that snowbirds who drive to warmer states throughout the winter may not have the auto insurance coverage they need as they move from one region of the country to the next. Every year, there are about a million people who head to Florida and Arizona receives another 300,000. While these snowbirds move from Canada and more northern states using their…

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Travel insurance for “snowbirds” to U.S. is proving expensive due to exchange rate

Travel Insurance

The low Canadian dollar is getting in the way of winter travelers who usually head south to the United States. The so-called “snowbirds”, that is, the Canadians who often spend their winter months in warmer American states, are facing struggles with the travel insurance they need to ensure they will have medical coverage while they’re away from home. This high cost of insurance coverage is the direct result of the Canadian dollar, which is hitting decade lows. Not only is it now more expensive for these travelers to exchange their…

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