Travel insurance for “snowbirds” to U.S. is proving expensive due to exchange rate

October 13, 2015October 11, 2015 Julie Campbell

The low Canadian dollar is getting in the way of winter travelers who usually head south to the United States. The so-called “snowbirds”, that is, the Canadians who often spend their winter months in warmer American states, are facing struggles with the travel insurance they need to ensure they will have medical coverage while they’re away from home. This high cost of insurance coverage is the direct result of the Canadian dollar, which is hitting decade lows. Not only is it now more expensive for these travelers to exchange their…

Travel insurance makes a difference in the cost of a medical emergency

May 5, 2012May 25, 2012 Julie Campbell

Travel insurance can help to decrease the expense associated with medical emergencies away from home. Though travel insurance is overlooked by many people when they are planning a vacation, the fact is that it can make a significant difference in the costs associated with a medical emergency that occurs while you’re away from home – particularly when traveling out of the country. Though it may not be fun to think about what could happen if you need urgent medical attention in another country’s hospital or if you need emergency air…

Over One million dollar travel insurance claim paid in New Zealand

December 16, 2011December 16, 2011 H. Cutner

Southern Cross Travel Insurance has announced that they have paid a travel insurance claim that topped the one million dollars in New Zealand, underlining the importance of coverage as the cost for becoming injured or ill while away from home – even when in countries that have reciprocal healthcare – are on the rise. Previous to this most recent claim, in the last year, the insurer reported an individual claim that was greater than three hundred thousand dollars in Australia. Both this claim and the most recent record breaker for…