A Streamlined Way to Settle on Travel Insurance

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…

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Why travel insurance claims are being denied

Travelers are often susceptible to a lack of information. Whether they are traveling for vacation or business, they may not have access to news outlets or other such resources that can be used to keep them informed of current events. In these cases, travelers often find out too late that their travel insurance policies do not cover every situation they might find themselves in. After the earthquake that rattled Japan and caused damage to several nuclear reactors on March 11, many insurers are now weighing whether the threat of radiation…

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Austrailian Travel Insurance News

The Royal Automobile Club of Victoria (RACV) provides advice regarding the comprehensive travel insurance policies in relation to the earthquake and tsunami that hit Japan last week. Claims will be assessed by RACV according to the Product Disclosure Statement (PDS) and the type of plan that was purchased will determine the coverage. For those who have not yet departed, cancellation or rearrangement expenses will be covered if the policy was purchased before March 12, 2011. Travels on or after March 31, 2011 are advised to be cancelled or rearranged until…

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Is travel insurance becoming a necessity?

Having suffered through the worldwide economic recession and a year marred by disruptions, the travel insurance industry is finally seeing an increase in business. More people bought travel insurance last year as people became aware of the potential for calamitous situations to arise during travel. With earthquakes, floods, volcanic eruptions, blizzards, and civil disturbances, people have begun to see the value of such policies. Dean Sivley, chief executive of Travel Guard, a travel insurance provider, has said that more people are buying policies, but that the company is also paying…

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