Live Insurance News

Travel insurance policies may become necessary under new US government policies

March 7, 2017March 6, 2017 Julie Campbell

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…

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

January 31, 2017January 30, 2017 Marc

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…

Zika travel insurance coverage isn’t on most policies

June 24, 2016June 22, 2016 Julie Campbell

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…

Scam travel insurance claims are becoming more commonplace

March 25, 2016March 23, 2016 Julie Campbell

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…

Travel insurance inquiries spike from Zika virus concerns

February 19, 2016February 18, 2016 Julie Campbell

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…