Live Insurance News

Scam travel insurance claims are becoming more commonplace

March 25, 2016March 23, 2016 Julie Campbell

According to recent data the most rapidly growing coverage segment is also a massive target for scams. Though auto policies have traditionally been the area in which insurers have traditionally had to be the most vigilant in watching for scammers, travel insurance has suddenly started to see the emergence of a new trend in false claims. The General Insurance Association (GIA) has reported that this insurance sector is growing exceptionally fast. The GIA has noticed this trend as a growing number of people travel overseas and recognize the importance of…

Travel insurance inquiries spike from Zika virus concerns

February 19, 2016February 18, 2016 Julie Campbell

Vacationers and business travelers, alike, are looking into coverage to give them peace of mind. According to a recent data release, calls regarding travel insurance have skyrocketed from airline travelers who are worried about the type of medical care they would receive if they were to be infected with the Zika virus while away from home, how much that care would cost, and whether or not it will provide them with the opportunity to cancel their plans if they are headed into an area where infections are known. People heading…

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 offers people surprising benefits for a staycation

July 24, 2015July 23, 2015 Julie Campbell

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…

Vacationers cautioned to purchase the right travel insurance when heading to Greece

July 8, 2015July 6, 2015 Julie Campbell

The types of disaster that could arise due to the financial crisis are not covered by all policies. Vacationers who have been planning to head to Greece are being warned that they might want to take a second look at their travel insurance policies in order to make sure that they will indeed have the types of coverage that could be needed if the financial environment stats to collapse even more than it already has. Thousands of people who plan to take their summer vacations in the country may not…