Travel insurance claims are pouring in following several hurricanes

travel insurance claims policies

This busy storm season has led to a large number of filings from people whose vacations were interrupted. The active 2017 hurricane season has led to a sudden influx of travel insurance claims as vacations and business trips see interruptions. This type of storm season has helped to demonstrate the value that this type of insurance coverage can offer travelers. Thousands of people across the United States are breathing a sigh of relief after purchasing the coverage. Those who purchased their travel insurance policies before the storms were named can…

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Scam travel insurance claims are becoming more commonplace

travel insurance scam airport

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…

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Travel insurance claims can be rejected if alcohol was involved

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 fraud spikes in the UK

Travel Insurance

The summer heat wave is being blame for the sudden skyrocketing levels of fraudulent claims. Cancelled vacation and lost baggage travel insurance claims have risen sharply during the summer of 2013 and the heat wave that briefly held in place over the United Kingdom is being blamed. Vacationers frequently decided to stay home in the hot weather since they didn’t need to pay to seek it elsewhere. The travel insurance fraud associated with cancelling pre-booked vacations in order to opt to remain at home because the weather remained hot is…

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Travel insurance company requires skiers to wear helmets

Travel insurance ski helmet

The decision made by the insurer is becoming an increasingly common one for skiing and snowboarding coverage. Another travel insurance company has joined in the new trend that requires additional safety equipment to be worn by skiers and snowboarders who want to be covered while they enjoy their sports. Though good gloves and a thick jacket are common protective attire, helmets are becoming required. Though ski helmets are most commonly seen on children when they hit the slopes, an increasing number of adults are also wearing the head protection following…

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Travel insurance claims can be very strange

Travel insurance claims

Every year, insurers release the details of some of their more bizarre filings. Vacationers always experience strange things while they’re away from home, and those with travel insurance may need to make a claim, which, at times, means that the details of the story could end up on one of the strangest filing lists. Allianz Global Assistance has released its own bizarre claims, which include the following. • A tourist was held at gunpoint in the New York subway system by a gunman who was dressed in a large, smiling,…

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The impact of drinking on travel insurance coverage

Travelers who are away from home on business trips or on vacation face a certain temptation to drink that may be much riskier than they think. According to the Squaremouth.com marketing manager, Sara Byrne, if a traveler drinks too much and it results in illness, injury, or an accident, most “will not be able to make a claim under their travel insurance as their policy will not cover them.” Squaremouth.com is a travel insurance comparison and purchase website. Byrne went on to say that the result is that many travelers…

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Adult sabbatical years lead to four times more travel insurance medical claims

Over the last few years, claims made for medical expenses through travel insurance policies have increased by four times due to a larger number of older adults taking sabbatical years from work and taking exotic vacations. The Association of British Insurers (ABI) has released their data that has shown that the cost of overseas illness rose from approximately $122 million in 2004 to approximately $454 million in 2010. The number of claims rose from 120,000 in 2004, to 337,000 in 2010. According to the ABI, even though the cost of…

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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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