Life has a way of throwing the unexpected at you at the worst possible time. This is where insurance comes in. When you’re paying your premiums, you may wonder sometimes whether it’s worthwhile, but when those emergencies happen, it all becomes worthwhile. The rest of the time, simply having the right policy can be important for your peace of mind. Below are a few of the types you may want to consider. Treatment Abroad Everyone knows that you need health insurance, but this can still mean high medical costs. For…
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What Canadian Snowbirds Should Keep In Mind When Getting Travel Insurance
Your annual escape to the balmy south is supposed to be a time of rest and relaxation–a break from the burdens of everyday life. Unfortunately, for some snowbirds, the quest to avoid mountains of snow leads to an avalanche of unexpected medical bills. Yes, the responsible traveller who makes the seemingly wise decision to purchase travel medical insurance can find themselves penniless thanks to a number of hard-to-spot loopholes designed to absolve insurance providers of financial responsibility to their loyal customers. When it comes to many travel insurance contracts, it…
Read MoreTen Travel Insurance FAQ’s
If you own a home, you need home insurance. If you have a car, you get auto insurance. Let’s not forget health insurance for you and your family, and if you have a pet, you can even get pet medical insurance. So, when you go on a trip, why not get travel insurance? Here’s ten frequently asked questions about travel insurance. “Nice vacation you got planned there. Be a shame if anything…happened to it. Maybe you should get some insurance, know what I mean?” 1. Why get travel insurance? You…
Read MoreThe Importance of Terrorism Coverage in Your Travel Insurance Policies
A look into travel insurance… A note on terrorism, before we go deeper into the subject. Global terrorism is clearly a real threat, as the events (and indeed some of the wars) of the last 14 years have illustrated. It is also true that specific countries or parts of the world have, at different times, had or still have a problem with terrorists endemic to their own shores. Sri Lanka, for instance, experienced sporadic bombings and terrorist attacks during the long years of the war between the Tamils and the…
Read MoreBusiness Travelers Refuse Trips to Risky Locations, Chubb Survey Finds
Nearly half of people surveyed would refuse to go on a business trip to a location they consider dangerous unless their employer provided them with emergency medical and other services, according to a survey by the Chubb Group of Insurance Companies. Twenty-three percent of business travelers indicated that they would refuse to go on the business trip; 21% said they go but would refuse to go on the next trip; and 14% would go but look for a new job after returning. Many employees, however, said they would take the…
Read MoreTravel Insured International releases new product for corporate travelers
Top privately owned provider of travel insurance, Travel Insured International, has launched a new option geared toward providing coverage to corporate travelers. The new product is called the Corporate Travel Protector and it is designed to provide coverage for medical evacuation, emergency medical, and travel delay expenses, and is being sold at a reduced rate when compared to traditional trip cancellation plans. This particular product was created to make sure that even if the corporate travel manager decides not to buy coverage for the full company, it is still possible…
Read MoreWill travel insurance provide coverage for catastrophes such as that faced by Costa Concordia passengers?
When booking a vacation, many people wonder whether or not it is truly worth the added expense to purchase a travel insurance package, and whether or not it will cover them in case of a disaster such as what occurred on the Costa Concordia. Cruise passengers did indeed benefit from their protection when they were evacuated from the ship. While they waited for Costa Cruise Lines to provide their assistance, those who had purchased travel insurance were already served by the insurers who relayed messages back to the loved ones…
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