When traveling, finding and buying insurance to cover yourself is a necessity. Understanding what travel insurance is, what you should be looking for in a good deal and how to find it is essential for getting the proper cover. What is travel insurance? Travel insurance can be bought for both domestic and international travel, and covers the loss of personal items, medical care and the cancellation and delay of trips. This type of insurance, like many, is risk based and the cost of it is calculated based on where you…
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International travel insurance more common than domestic among Americans
More people in the U.S. purchase coverage if they’re traveling outside the country, says AAA Travel. Americans are more likely to purchase international travel insurance than coverage when they are traveling domestically, says a new AAA Travel study. Travelers are more likely to think they need coverage if they’re leaving the country. The research showed that almost four in ten Americans – 38 percent – will typically buy international travel insurance for their trips. Among those individuals, the most important benefit to those policies is trip cancellation defense. Among those…
Read MoreA Streamlined Way to Settle on Travel Insurance
Travel Insurance is something that globetrotters often overlook as an intricate part of their travel experience. While there are without a doubt certain getaways that don’t require top notch coverage, there are definitely those that do. Travel insurance, if you can match your resources with a viable option, is something to consider if you’re travelling with any risk attached to your baggage. Below are some objective and straightforward ways to determine what travel insurance, if any, is necessary for you on the vacation you’re planning. 1. Determine the associated risk…
Read MoreTravel insurance is not a priority to most Canadians
Study shows that travelers from Canada do not purchase coverage. The results from recent research has shown that while Canadians are avid travelers – particularly abroad – they do not typically buy travel insurance to protect themselves while they are on their trips. Six out of every ten Canadian travelers are not insured before leaving the country. The survey, which was performed by BMO Insurance and which was entitled the Summer Travel Insurance Study, indicated that over 67 percent of Canadians had travelled within the last year to destinations in…
Read MoreResearch and Markets releases latest report about travel insurance last year
Research and Markets has made its latest report called “UK Travel Insurance 2011” available, providing deeper insight into the performance of the leading travel insurers in the country as well as key data regarding market share and GWP. This report helps to provide context for the data it has collected, as well as an analysis of the key issues in this sector of the market. Among its features is a discussion of last year’s trends in marketing that help to indicate the direction of the market and the strategies of…
Read MoreBusiness Travelers Refuse Trips to Risky Locations, Chubb Survey Finds
Nearly half of people surveyed would refuse to go on a business trip to a location they consider dangerous unless their employer provided them with emergency medical and other services, according to a survey by the Chubb Group of Insurance Companies. Twenty-three percent of business travelers indicated that they would refuse to go on the business trip; 21% said they go but would refuse to go on the next trip; and 14% would go but look for a new job after returning. Many employees, however, said they would take the…
Read MoreTravel Insured International releases new product for corporate travelers
Top privately owned provider of travel insurance, Travel Insured International, has launched a new option geared toward providing coverage to corporate travelers. The new product is called the Corporate Travel Protector and it is designed to provide coverage for medical evacuation, emergency medical, and travel delay expenses, and is being sold at a reduced rate when compared to traditional trip cancellation plans. This particular product was created to make sure that even if the corporate travel manager decides not to buy coverage for the full company, it is still possible…
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