Tag: travel insurance coverage

Travel insurance purchased by only half of Canadians

Julie Campbell
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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Insurance coverage needed before NHL hockey players can head to the Olympics

insurance policy news olympic hockey NHL

The policies and the travel costs are all that is left standing in the way of the participation in Sochi. The NHL Players’ Association and the National Hockey League sat down on Friday to talk to the International Olympic Committee (IOC) members and the International Ice Hockey Federation (IIHF). The goal was to sort out the issues that were still outstanding regarding the costs of the insurance coverage for the multimillion dollar protection that the players would require in order to take part in the Winter Olympics in 2014. The…

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Travel insurance overlooked by millions from the UK

H. Cutner
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 will no longer be available to protect against United strike

Julie Campbell
United Strike

Now that the risk is announced policies will not cover this labor action. If a United Airlines strike should occur, any travel insurance that was purchased after the announcement was made that it could happen will no longer be covered by standard policies. It is important for travelers to know if they are covered if the action should happen. Though travel insurance that was purchased far in advance will still provide coverage, if a strike is one of the covered risks, travelers should contact their insurers to make sure that…

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