Live Insurance News

Travel insurance purchased by only half of Canadians

May 27, 2013May 25, 2013 Julie Campbell

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…

Travel insurance claim disputes are on the rise

October 30, 2012April 30, 2013

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…

TripInsurance.com announces new form of potentially life-saving coverage

May 8, 2012May 25, 2012 H. Cutner

The carrier has unveiled a new travel insurance policy for non-medical emergency evacuation. TripInsurance.com has announced that it is now offering a new product as a part of its available travel insurance options, that will provide policyholders with coverage for evacuation in non-medical emergencies. This trip coverage will be underwritten by US Fire Insurance Company and BCS Insurance Company, and will provide customers up to $25,000 in payments to cover their return to safety should their destination experience a man-made or natural disaster, or resulting from political issues that are…