Travel insurance claims can be rejected if alcohol was involved

Travel Insurance

Some insurers have been facing some criticism for refusing to pay when a policyholder had been drinking on vacation. Travel insurance companies in the United Kingdom have been turning down certain claims when they discover that the vacationers who had made them had been drinking alcohol before they suffered from the accident in question. The Financial Ombudsman Service (FOS) has stated that a “high standard of proof” must be provided. According to the FOS, the travel insurance company must be able to show quite solidly that the amount of alcohol…

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Travel insurance is becoming more expensive for seniors

travel insurance

Despite the fact that claims are dropping, the industry is still charging these travelers more for coverage. Vacationers in their late 70s and their early 80s are now finding that travel insurance is costing them more than it once did – even more than people who have recently retired – even though the costs associated with covering those individuals on their holidays has been decreasing. Typically these insurance policies become more costly with age because of a rise in the risk of accidents and health problems. For that reason, when…

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Travel insurance coverage may not extend to mental health

Travel Insurance doesn't cover mental health

Many vacationers purchase a policy in case of a medical emergency, but not all forms are covered. Travel insurance can be a very important way for people to protect themselves against the financial losses associated with the unexpected, whether that be the sudden need to cancel a trip at the last moment or requiring urgent medical assistance while away from home. However, these policyholders are starting to discover that mental health is typically not covered. One of the most important types of coverage that a travel insurance policy provides is…

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Travel insurance regulation changes headed to Colorado governor

Travel Insurance

A regulatory bill is now headed to Gov. John Hickenlooper after meeting no resistance in the Senate. A bill designed to provide the travel insurance industry in Colorado with regulation for the first time is now on its way to the desk of Governor John Hickenlooper in order to obtain his signature so that it can be passed into law. This bill was moved along to the Governor without experiencing any votes against it in the state Senate. Rep Tracy Kraft-Tharp (D-Arvada) sponsored House Bill 1185, which saw great favor…

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Travel insurance sales spike as the MH370 mystery continues

business travel insurance

Fliers headed into or through the South East Asian region are feeling a higher sense of risk. In light of the heart wrenching disappearance of the Malaysia Airlines flight MH370 and the 239 people who made up its passengers and crew, travel insurance has become a product that fliers are packing with them much more frequently, as people feel rattled about the situation in the South East Asian region. This has occurred at the same time that some travelers have simply cancelled their plans, outright. Many people are feeling quite…

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Why Travel Insurance Claims Get Denied

You’ve planned it all out. Your cousin, Ruby, is looking after your cat. The guy next-door is collecting your mail and watering your plants. And, your travel insurance will help out with any unforeseen circumstances you might experience during your vacation in sunny paradise. Right? Wrong. Your travel insurance policy may not cover as much as you believe. Yes, a huge number of claims are denied each year and here are some of the most common reasons. The Pre-existing Condition If you’ve changed your medication lately or your spouse has…

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Read The Fine Print On Credit Card Insurance Offers

Online Auto Insurance

“You should have read the fine print” is one of those cliches that is used so often as a punch line or lesson in stories. But the reason any phrase becomes a cliche in the first place is because it’s used so often, and it’s used often because it’s the truth. And these days, most everything comes with fine print and you ignore it at your peril; and that includes insurance policies. The trick to buying insurance is that you need to be aware of the fine print; the exclusions,…

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What Canadian Snowbirds Should Keep In Mind When Getting Travel Insurance

Your annual escape to the balmy south is supposed to be a time of rest and relaxation–a break from the burdens of everyday life. Unfortunately, for some snowbirds, the quest to avoid mountains of snow leads to an avalanche of unexpected medical bills. Yes, the responsible traveller who makes the seemingly wise decision to purchase travel medical insurance can find themselves penniless thanks to a number of hard-to-spot loopholes designed to absolve insurance providers of financial responsibility to their loyal customers. When it comes to many travel insurance contracts, it…

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Travel insurance isn’t always practical, says National Consumers League

Travel Insurance

The group has released a statement that the protection does not always make sense. According to the National Consumers League, a group that has been in existence for 114 years, the way that the industry functions has designed travel insurance in a way that it is typically not a good deal for travelers. They have pointed out that there are far too many exceptions to make the coverage worthwhile for most people. The consumer group has pointed out that travel insurance policies are filled with different kinds of exceptions that…

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What Happens When You Cheat On Your Travel Medical Insurance Policy.

This shark is unimpressed with your lack of travel health insurance When you go on vacation, you don’t leave anything to chance. You make sure you have your reservations in place, all down payments squared away, an itinerary set up, and everything you need to take with you all ready to go. But if you skimp on medical insurance, you may be setting yourself up for some trouble, even if you already have a regular health insurance policy in place. Travel insurance is common enough, and it takes care of things…

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