Tag: Travel insurance

Travel insurance claims can be rejected if alcohol was involved

Julie Campbell
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

Julie Campbell
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

Julie Campbell
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

Julie Campbell
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

Julie Campbell
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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