Travel insurance overlooked by millions from the UK

Travel Insurance

A recent study has shown that British travelers are often unprepared for unexpected holiday emergencies. Though the British people love to get away from it all to relax on their holidays, they are often lacking travel insurance when they do so, putting themselves at risk of tremendous unexpected expenses should emergencies or disaster strike. Recent statistics show that more than half the population of the U.K. intends to head away from home this year. A survey published by Think Banking Weekly indicated that 53 percent of the country’s population intended…

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Research and Markets releases latest report about travel insurance last year

Research and Markets has made its latest report called “UK Travel Insurance 2011” available, providing deeper insight into the performance of the leading travel insurers in the country as well as key data regarding market share and GWP. This report helps to provide context for the data it has collected, as well as an analysis of the key issues in this sector of the market. Among its features is a discussion of last year’s trends in marketing that help to indicate the direction of the market and the strategies of…

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Business Travelers Refuse Trips to Risky Locations, Chubb Survey Finds

Nearly half of people surveyed would refuse to go on a business trip to a location they consider dangerous unless their employer provided them with emergency medical and other services, according to a survey by the Chubb Group of Insurance Companies. Twenty-three percent of business travelers indicated that they would refuse to go on the business trip; 21% said they go but would refuse to go on the next trip; and 14% would go but look for a new job after returning. Many employees, however, said they would take the…

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Travel Insured International releases new product for corporate travelers

Top privately owned provider of travel insurance, Travel Insured International, has launched a new option geared toward providing coverage to corporate travelers. The new product is called the Corporate Travel Protector and it is designed to provide coverage for medical evacuation, emergency medical, and travel delay expenses, and is being sold at a reduced rate when compared to traditional trip cancellation plans. This particular product was created to make sure that even if the corporate travel manager decides not to buy coverage for the full company, it is still possible…

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Will travel insurance provide coverage for catastrophes such as that faced by Costa Concordia passengers?

When booking a vacation, many people wonder whether or not it is truly worth the added expense to purchase a travel insurance package, and whether or not it will cover them in case of a disaster such as what occurred on the Costa Concordia. Cruise passengers did indeed benefit from their protection when they were evacuated from the ship. While they waited for Costa Cruise Lines to provide their assistance, those who had purchased travel insurance were already served by the insurers who relayed messages back to the loved ones…

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John Hancock Financial announces new travel insurance offerings

John Hancock Financial has announced that it will now be offering products from the travel insurance sector, which will be available to consumers through its new website which has been created specifically for that purpose, as well as through comparison websites for that type of coverage. The new travel insurance coverage will provide protection for trip interruption or cancellation, accident, medical, and baggage, as well as multi-lingual, 24-hour emergency services. The insurer, which is based in Boston, has said that while the products themselves will be distributed by the John…

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A blip in a trip doesn’t have to be a disaster with the right travel insurance coverage

Whether you’re traveling to visit relatives or are headed out on that dream vacation, without travel insurance, even the smallest incident can result in serious inconvenience, struggle, and financial catastrophe. While you’re away from home, just about anything can happen, from a stolen wallet to food poisoning. If you have coverage from travel insurance, you will have the coverage you need to have your personal belongings replaced, or to pay for medical expenses. It can also help to pay for replacement tickets for missed or cancelled flights, and other unanticipated…

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Bikini Travel Insurance announces new product just for women

Bikini Travel Insurance has announced that it has released a form of specialized travel insurance that was created by women, for female consumers. This new Bikini Travel Insurance policy is now available for purchase online. This product is particularly unique because insurance products are typically considered to be the creation of men. This product breaks away from that tradition and focuses specifically on consumers who are women, with their travel behaviors and needs in mind. The policies do still cover the conventional travel insurance elements such as repatriation cover and…

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Over One million dollar travel insurance claim paid in New Zealand

Southern Cross Travel Insurance has announced that they have paid a travel insurance claim that topped the one million dollars in New Zealand, underlining the importance of coverage as the cost for becoming injured or ill while away from home – even when in countries that have reciprocal healthcare – are on the rise. Previous to this most recent claim, in the last year, the insurer reported an individual claim that was greater than three hundred thousand dollars in Australia. Both this claim and the most recent record breaker for…

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Travel insurance can help holiday season travelers to protect themselves from being snowed in

Though the holiday season is one of the most common times for people to travel, it is also commonly interrupted by bad weather such as heavy snow, wind, or ice storms. This type of bad weather can make as much of a mess of travel plans as it can of a city’s sidewalks and streets. Road closures, grounded and delayed flights, and stalled trains can make it impossible for travelers to keep to their itineraries. Last year, snow in England brought over 500,000 flights to and from Heathrow Airport to…

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