Travel insurance sales spike as the MH370 mystery continues

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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Travel insurance isn’t always practical, says National Consumers League

Travel Insurance

The group has released a statement that the protection does not always make sense. According to the National Consumers League, a group that has been in existence for 114 years, the way that the industry functions has designed travel insurance in a way that it is typically not a good deal for travelers. They have pointed out that there are far too many exceptions to make the coverage worthwhile for most people. The consumer group has pointed out that travel insurance policies are filled with different kinds of exceptions that…

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Travel insurance purchased by fewer U.K. vacationers

Travel Insurance

The latest figures are indicating that one quarter of vacationers are not covered when they go abroad. According to the latest data released by the Association of British Travel Agents (ABTA), one in every four vacationers traveling abroad from the United Kingdom has not purchased travel insurance protection. This figure shows that there is a rapid trend moving away from purchasing the coverage in recent years. The data indicated that from 2011 to 2012, the number of holidaymakers without travel insurance rose at a dramatic rate from having been 20…

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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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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 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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