Live Insurance News

Travel insurance fraud spikes in the UK

September 9, 2013September 7, 2013 G. Turner

The summer heat wave is being blame for the sudden skyrocketing levels of fraudulent claims. Cancelled vacation and lost baggage travel insurance claims have risen sharply during the summer of 2013 and the heat wave that briefly held in place over the United Kingdom is being blamed. Vacationers frequently decided to stay home in the hot weather since they didn’t need to pay to seek it elsewhere. The travel insurance fraud associated with cancelling pre-booked vacations in order to opt to remain at home because the weather remained hot is…

Ten Travel Insurance FAQ’s

August 17, 2013April 19, 2014 Guest Author

If you own a home, you need home insurance. If you have a car, you get auto insurance. Let’s not forget health insurance for you and your family, and if you have a pet, you can even get pet medical insurance. So, when you go on a trip, why not get travel insurance? Here’s ten frequently asked questions about travel insurance. “Nice vacation you got planned there. Be a shame if anything…happened to it. Maybe you should get some insurance, know what I mean?” 1. Why get travel insurance? You…

Travel insurance purchased by only half of vacationers

August 9, 2013August 7, 2013 G. Turner

The results of a recent study have shown that travelers are not purchasing medical coverage before they leave. According to the results of a recent study on summer vacations, only half of Canadians who head out of the country during the summer purchase travel insurance to cover themselves in case of a medical emergency. This includes those who are headed to the United States or abroad on their vacations. The travel insurance study was conducted by BMO Insurance. What it determined was that among the 83 percent of Canadians who…

A Streamlined Way to Settle on Travel Insurance

July 27, 2013April 21, 2014 Guest Author

Travel Insurance is something that globetrotters often overlook as an intricate part of their travel experience. While there are without a doubt certain getaways that don’t require top notch coverage, there are definitely those that do. Travel insurance, if you can match your resources with a viable option, is something to consider if you’re travelling with any risk attached to your baggage. Below are some objective and straightforward ways to determine what travel insurance, if any, is necessary for you on the vacation you’re planning. 1. Determine the associated risk…

Travel insurance purchased by fewer U.K. vacationers

June 18, 2013June 15, 2013 Julie Campbell

The latest figures are indicating that one quarter of vacationers are not covered when they go abroad. According to the latest data released by the Association of British Travel Agents (ABTA), one in every four vacationers traveling abroad from the United Kingdom has not purchased travel insurance protection. This figure shows that there is a rapid trend moving away from purchasing the coverage in recent years. The data indicated that from 2011 to 2012, the number of holidaymakers without travel insurance rose at a dramatic rate from having been 20…