Live Insurance News

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 coverage is being purchased for very specific reasons

May 15, 2015May 14, 2015 Julie Campbell

Travel insurance Young Man Luggage Staning In Front Of Air Plane

Among the drivers that cause travelers to buy a policy, worries over hurricanes top the list. The results of a recent travel insurance survey have shown that there are some very specific reasons that consumers are purchasing this coverage, among which, hurricanes have been generated the largest amount of worry. The findings revealed that unexpected weather is enough to cause travelers to want to insure themselves. The research was conducted by a comparison website called InsureMyTrip. It determined that severe weather is making people the most worried about their vacation…

Travel insurance sales spike as the MH370 mystery continues

March 26, 2014March 24, 2014 Julie Campbell

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…

Why Travel Insurance Claims Get Denied

January 26, 2014January 25, 2014 Guest Author

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…

Read The Fine Print On Credit Card Insurance Offers

January 25, 2014April 18, 2014 Guest Author

“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,…