Travel Insurance

RECENT NEWS
Insurance Journal  Jun 20  Comment 
A bulletin on the website of the Association of British Insurers (ABI) notes that a “nationwide operation into suspected fraudulent travel insurance claims led by the City of London Police’s Insurance Fraud Enforcement Department (IFED) has...
The Hindu Business Line  Jun 17  Comment 
ICICI Lombard General Insurance has partnered with  redBus.in to offer domestic travel insurance policy for bus commuters travelling within India. All redBus.in consumers can now secure...
Insurance Journal  May 20  Comment 
Berkshire Hathaway Travel Protection, part of Berkshire Hathaway Specialty Insurance, has launched the first product in its new travel-insurance line designed for travelers, travel agencies, tour operators and travel suppliers called AirCare....
The Hindu Business Line  May 8  Comment 
Stable rupee means travellers won’t need to pay higher premium
NPR  May 2  Comment 
People buy travel insurance so they won't lose a lot of money if they become ill and can't travel. But for most policies, "ill" doesn't include mental illness. Some travelers discover that too late.
Mondo Visione  Apr 9  Comment 
The Financial Conduct Authority (FCA) is today engaging with firms and other interested parties to discuss the initial findings of its thematic review on household and travel insurance claims handling. The thematic review was designed to assess...
The Hindu Business Line  Apr 1  Comment 
ICICI Lombard General Insurance today said that it is offering comprehensive travel insurance for customers up to the age of 85 years, who are travelling to Schengen countries. The offer begins fr...
DailyFinance  Mar 4  Comment 
ACE European Group today announced the launch of its new business travel proposition ACE Business Class, as it further invests in helping corporate clients manage their growing multinational risks. ACE Business Class...
Sydney Morning Herald  Mar 1  Comment 
Claiming lost gadgets is a grey area in travel insurance. And often, families are the hardest hit.     
Sydney Morning Herald  Feb 27  Comment 
It’s good to know, when you’re travelling, that any injuries you sustain while playing air guitar will be covered by your travel insurance.     




 
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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