Travel Insurance

RECENT NEWS
Insurance Journal  Jun 28  Comment 
Arch Insurance announced additions to its travel insurance sales team. Cory Sobczyk and Dan Povondra have joined Arch Insurance as vice presidents of Business Development. Additionally, Lynn Barty has joined as regional sales director. The...
Insurance Journal  Jun 28  Comment 
Zurich, together with its travel insurance unit Cover-More, has completed the acquisition of Halo, a specialist, UK-based online rental car insurance platform. Financial details of the transaction were not disclosed. Zurich said it is becoming...
Financial Times  Jun 1  Comment 
Industry body accuses airline of providing wrong information and complicating claims
Insurance Journal  Feb 17  Comment 
Verisk Analytics has snatched up Healix Risk Rating, a company focused on automated medical risk assessment for the travel insurance ratings.Financial terms were not disclosed, although the deal is designed to expand Verisk’s risk assessment...
Insurance Journal  Jan 30  Comment 
The UK division of French insurer AXA said its travel policies would cover those denied access to the United States due to a U.S. travel ban on people from seven Muslim-majority countries. An executive order by U.S. President Donald Trump …
WA Business News  Dec 2  Comment 
Jetstar will stop automatically adding extras such as travel insurance to its customers' online bookings, as Australia's consumer watchdog looks to prevent travellers from paying unnecessary costs.
The Australian  Dec 1  Comment 
Virgin will stop preselecting travel insurance for passengers during online booking after ACCC pressure.
The Hindu Business Line  Nov 13  Comment 
I take travel insurance while going abroad to cover any medical expenses which may have to be incurred. Is the premium paid for such insurance deductible under Section 80D? The above policy also cover...
TechCrunch  Oct 25  Comment 
 What’s missing from N26? The company has been slowly but surely building a new bank account from the ground up. This time, the company is trying to recreate the insurance product that you typically get with a Visa Premier or MasterCard Gold....
New York Times  Oct 22  Comment 
When the travel insurance company Allianz denies a claim for a trip that was canceled for medical reasons, a traveler seeks help getting a reimbursement.




 
TOP CONTRIBUTORS

Travel Insurance gives travelers coverage for unforeseen problems that may cause the delay or cancellation or a trip. Travel insurance typically costs between five and seven % of total trip costs.[1]

Travel Insurance Coverage

The most common risks that are covered by travel insurance are:

  • Medical expenses
  • Emergency evacuation/repatriation
  • Overseas funeral expenses
  • Accidental death, injury or disablement benefit
  • Cancellation
  • Curtailment
  • Delayed departure
  • Loss, theft or damage to personal possessions and money (including travel documents)
  • Delayed baggage (and emergency replacement of essential items)
  • Legal assistance
  • Personal liability and rental car damage excess

Americans traveling on leisure trips spent more than $1.3 billion on travel insurance in 2006, representing a growth of 20% over 2004, according to the 2007 Travel Insurance Market Survey conducted by the US Travel Insurance Association. [2]

Companies that Provide Travel Insurance

  • All Aboard Benefits
  • Travel Guard
  • Global Underwriters
  • HTH Worldwide
  • MultiNational Underwriters
  • Travelex Insurance

All Aboard Benefits

References

  1. TravelGuard FAQs
  2. US Travel Insurance Association, 2007
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