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 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…

Travel insurance tips offered to Pennsylvania vacationers

May 29, 2015May 25, 2015 Julie Campbell

The Insurance Department in the state has released advice for residents of the state before they head away. The warming weather means one thing to many people across Pennsylvania, and that is the preparations for the summer vacation season, about which they are now being provided with a range of travel insurance tips. The Pennsylvania Insurance Department is reminding vacationers to look into the right insurance coverage. The Insurance Department has released a checklist for people across the state, before they head away on vacation. Being away will impact many…

Travel insurance may not help you if Ebola changes your vacation plans

October 22, 2014October 21, 2014 Julie Campbell

CDC picture of ebola travel insurance news

Customers are asking their agents whether or not it is safe for them to fly and how they can protect themselves. Agents are now saying that their customers are asking them about the protection that their travel insurance can give them, as people are beginning to become concerned with regards to the safety of flying and what steps they can take in order to protect themselves against concerns that they could be exposed to Ebola. Though there has yet to be any reason for concern about Ebola in the U.S.…

Travel insurance claims can be rejected if alcohol was involved

September 26, 2014September 23, 2014 Julie Campbell

Some insurers have been facing some criticism for refusing to pay when a policyholder had been drinking on vacation. Travel insurance companies in the United Kingdom have been turning down certain claims when they discover that the vacationers who had made them had been drinking alcohol before they suffered from the accident in question. The Financial Ombudsman Service (FOS) has stated that a “high standard of proof” must be provided. According to the FOS, the travel insurance company must be able to show quite solidly that the amount of alcohol…

Travel insurance is becoming more expensive for seniors

July 10, 2014July 7, 2014 Julie Campbell

Despite the fact that claims are dropping, the industry is still charging these travelers more for coverage. Vacationers in their late 70s and their early 80s are now finding that travel insurance is costing them more than it once did – even more than people who have recently retired – even though the costs associated with covering those individuals on their holidays has been decreasing. Typically these insurance policies become more costly with age because of a rise in the risk of accidents and health problems. For that reason, when…