High gas prices burn a hole in everyone’s wallet, but as the economy gets better and there becomes a higher demand for traveling, Americans begin to spend more on summer travels. According to a survey that was recently released by a global travel assistant company called Mondial Assistance USA, in the summer of 2011 Americans spent about $16 billion more then they did back in 2010, which is quite a large jump. Almost half of all Americans have said that they are fairly confident that they will be taking a…
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One of the most unusual and high risk travel insurance policies written
When a young, 25 year old English woman started making plans to travel around the world, she went to Lloyd’s (of London) for her insurance policy. Lloyd’s was established in 1774, and has insured thousands of people; writing some very unusual and notable policies. However, Sarah Outen was one of the most difficult individual policies they had taken to task in more than twenty five years. Lloyd’s has insured some very famous people, and their body parts. For example, Bruce Springsteen and Celine Dion have insured their vocal cords, Tina…
Read MoreAustrailian Travel Insurance News
The Royal Automobile Club of Victoria (RACV) provides advice regarding the comprehensive travel insurance policies in relation to the earthquake and tsunami that hit Japan last week. Claims will be assessed by RACV according to the Product Disclosure Statement (PDS) and the type of plan that was purchased will determine the coverage. For those who have not yet departed, cancellation or rearrangement expenses will be covered if the policy was purchased before March 12, 2011. Travels on or after March 31, 2011 are advised to be cancelled or rearranged until…
Read MoreVacationers may want to consider insurance for skiing accidents
If you’re planning a getaway to the fresh, snow packed mountains this year, make sure you have warm gear, install your liners, and tighten your power straps. It would probably be a good idea to check your health insurance policy too. It’s that time of the year; hoards of people ready for vacation, and heading to the snow for a little skiing and snowboarding. Although both sports have an excellent safety record, accidents can still happen. Over the last 10 years, fatalities have averaged about 40 people each year. Serious and…
Read MoreIs travel insurance becoming a necessity?
Having suffered through the worldwide economic recession and a year marred by disruptions, the travel insurance industry is finally seeing an increase in business. More people bought travel insurance last year as people became aware of the potential for calamitous situations to arise during travel. With earthquakes, floods, volcanic eruptions, blizzards, and civil disturbances, people have begun to see the value of such policies. Dean Sivley, chief executive of Travel Guard, a travel insurance provider, has said that more people are buying policies, but that the company is also paying…
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