International travel insurance more common than domestic among Americans

International Travel Insurance - Woman tourist taking photos

More people in the U.S. purchase coverage if they’re traveling outside the country, says AAA Travel. Americans are more likely to purchase international travel insurance than coverage when they are traveling domestically, says a new AAA Travel study. Travelers are more likely to think they need coverage if they’re leaving the country. The research showed that almost four in ten Americans – 38 percent – will typically buy international travel insurance for their trips. Among those individuals, the most important benefit to those policies is trip cancellation defense. Among those…

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Travel insurance offers people surprising benefits for a staycation

travel insurance

Many people wouldn’t even think to buy coverage for a vacation whey they’re staying home, but there are advantages. Staycations have become quite popular over the last few years – particularly since the economic crisis – but while travel insurance may be a common purchase when you’re heading out of state or out of the country, many people don’t realize that it can offer them benefits when they’re vacationing at home, too. Despite the fact that added medical coverage isn’t required, there are more benefits to travel policies. Throughout the…

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Travel insurance coverage may not extend to mental health

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 purchased by only half of Canadians

Travel Insurance

A new study has shown that only about fifty percent of travelers from the country buy a policy. A new study conducted by BMO has just revealed that while 83 percent of Canadians plan to go away on vacation at some point between May and October 2013, only half have intentions to purchase travel insurance to cover them while they are not at home. The survey examined a number of different habits of Canadians while they are away from home. For example, the average Canadian traveler intends to spend $3,073…

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Insurance coverage needed before NHL hockey players can head to the Olympics

insurance policy news olympic hockey NHL

The policies and the travel costs are all that is left standing in the way of the participation in Sochi. The NHL Players’ Association and the National Hockey League sat down on Friday to talk to the International Olympic Committee (IOC) members and the International Ice Hockey Federation (IIHF). The goal was to sort out the issues that were still outstanding regarding the costs of the insurance coverage for the multimillion dollar protection that the players would require in order to take part in the Winter Olympics in 2014. The…

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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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Travel insurance claim disputes are on the rise

Auto Insurance complaints

A resolution company has reported that they are dealing with five times the number of complaints. A dispute resolution company called Financial Services Complaints has reported in its travel insurance news that there has been a massive increase in the number of travel insurance issues that have arisen over the last year. For this reason, the company is cautioning consumers to understand their coverage before they buy. The company reported that they have been dealing with travel insurance complaint levels that are five times higher than they were at the…

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Travel insurance will no longer be available to protect against United strike

United Strike

Now that the risk is announced policies will not cover this labor action. If a United Airlines strike should occur, any travel insurance that was purchased after the announcement was made that it could happen will no longer be covered by standard policies. It is important for travelers to know if they are covered if the action should happen. Though travel insurance that was purchased far in advance will still provide coverage, if a strike is one of the covered risks, travelers should contact their insurers to make sure that…

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Travel insurance is not a priority to most Canadians

Travel Insurance

Study shows that travelers from Canada do not purchase coverage. The results from recent research has shown that while Canadians are avid travelers – particularly abroad – they do not typically buy travel insurance to protect themselves while they are on their trips. Six out of every ten Canadian travelers are not insured before leaving the country. The survey, which was performed by BMO Insurance and which was entitled the Summer Travel Insurance Study, indicated that over 67 percent of Canadians had travelled within the last year to destinations in…

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Rarely known facts about travel insurance

Travel Insurance

Many travelers don’t realize how much the coverage will actually provide. It’s expected that hundreds of thousands of visitors will head to London this summer as a result of the Olympic Games, but many of these and other travelers have no idea how much protection they can receive from their travel insurance, and what they are missing if they fail to purchase it. Though many realize that they would receive medical assistance, there is a great deal more to the coverage. Similarly, many people think of it as basic cancellation…

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