Latest Travel Insurance News

Senior citizens are the most unlikely people that would go flying overseas. Most of the time, they are discriminated upon because some travel insurers put an age cap on policyholders. They do not cover people 65 years old and above. This becomes a problem for this age group when traveling. Other insurers that provide coverage, offer higher premiums for this age group. The premiums would often be 60% more than the price of regular travel insurance.

This trend is because they view this age group as high risk. Because of their age, they are more prone to illness or accidents when traveling which would make medical expenses higher.

When purchasing travel insurance, the traveler must take into account what season it is when he is traveling. In winter, you might consider having coverage for winter sports in your travel insurance. This is not part of standard travel insurance but an add-on option.

Factors to consider when taking the add-on option are coverage for extra activities like snow mobiling, tobogganing and the likes. Another is rescue and repatriation, which includes bringing you back home with injury. Lastly, is coverage for lost or damaged equipments, like skis, boots, snowboards and other typical winter sports equipments, which is important especially if you are using rentals.

by: Christine Zafra

The newly built terminal 5 in Heathrow airport in United Kingdom is currently in the blacklist of most British insurers. With almost all the baggage of the passenger being mixed up and delays of the airline flights being reported, a lot of insurance companies from the United Kingdom has decided to boycott the said terminal. People who wish to get travel insurance are being asked whether they will pass by terminal 5, because if so, insurers surely won’t give them one. However, those who have purchased travel insurances prior the opening of the terminal 5 will be covered by their respective insurance companies.

Photo taken from http://www.finfacts.com

by: Christine Zafra

If you are planning to go to Europe, having insurance is not a problem at all. You are entitled to have a European Health Insurance Card (EHIC) which allows you to have insurance when you are in any of the European countries. This insurance entitles you to have your medical treatment for a small fee (if not for free), and the coverage of this is three to five years from the date of your trip. This card is valid for anyone who goes to or lives in any of the European countries plus, other countries included in the European Economic Area (EEA) such as Switzerland, Iceland, Liechtenstein, and Norway. What’s more is that, this insurance card covers pre-existing medical conditions (even chronic ones for that matter).

Photo taken from http://ec.europa.eu

The Heathrow’s Terminal 5 have just opened. But it was greeted with a huge problem and trouble lies in dire of those lacking on travel insurance. The terminal stated that there are over 200 cancelled flights and thousand of traveler’s luggages have been mislaid. Unfortunately travelers had to cover the costs and suffer them from the inconvenience surrounding the whole 4.3billion terminal.

However, only those who have comprehensive insurance were able to get the claim for the delays and mislaid luggage together with the flight cancellation and the expense of acquiring accommodation. The airline insures the consumer to refund for the missed flights.

An advised was released by the UK Foreign and Commonwealth Office to individuals who are on the 55s and spending their holiday. They are advice to have travel insurance.

Annually the number of older holidaygoers is on the rise. It is estimated that 20% were engaging in unsafe activities and they would not tolerate staying only at home.
A little less than 20% reports of self injuries or being injured during overseas trip. A tenth allegedly do not behave in a safe conduct while they are expecting their own offspring.
The FCO also insisted that holidaygoers on 55s should visit their dotor and got check up prior to their journeying.

Lastly, the FCO urges holidaymakers, particularly the over 55s, to make certain that their travel insurance is sufficient for their needs.

Travel insurance coverage differs with each insurance company offering additional sops to attract purchase of their policy. Whatever be the covers offered to you some of them are basic and may be mandatory depending upon the country to which you are traveling. Other countries leave it to you but strongly advise you about what covers to take and where to obtain them from. All said and done the most important part of the cover is medical travel insurance coverage. Bodily injury and health related ailments is the most traumatic of all types of eventualities, later comes baggage loss and cancellation of the trip due to unavoidable circumstance.

An outline of typical covers offered by most travel insurance companies should be good enough for you to make a decision on your travel insurance policy. You also need to know what is not covered as many people return to make claims only to find that the claim they make is not covered in the policy or there is some clause that reduces the compensation.

Travel insurance is what you need when the place you go to is new and you do not know the causes that may result in inconvenience to your trip. Natural causes or man made causes whichever be it the various types of travel insurance may be the right cover for you. Travel insurance online is the best way to get the best deal. The choice is from Single/multi trip travel insurance, Backpacker/hostellers/student gap year/long holiday travel insurance, student travel insurance, Business Travel Insurance, group/family travel insurance, annual travel insurance, holiday travel insurance, winter travel insurance. Find out the package that suits your needs. For this you need to search for the products of different insurance companies. If not make a package tailored to your needs. Each insurance company gives a different name to their package and adds different elements of cover they offer in a package.

Students like any other traveler need to avail of travel insurance in order to keep them protected wherever they are going especially if the destination is to a foreign country. Student travel insurance may include domestic and international coverage for medical expenses and health services, emergency travel and evacuation, trip interruption and other unforeseen events.

Whether the intention is a weekend vacation or a semester of international studies, it is important that the student is protected and covered. That is why it is doubly important that the insurance provider is competent and has a long standing history of quality service to its policyholders. Make sure that the travel insurance is tailored to the needs of the student traveler.

Normally, a travel insurance policy do not include in the coverage when you drive abroad. You may take into consideration an international roadside assistance policy. It would also be to your advantage if you have an additional coverage from your current car insurance provider. If you travel internationally twice or more in a year, it will probably be best if you arrange a yearly travel insurance contract instead of having an individual contract every time you travel. In this kind of policy, you are allowed to make unlimited trips provided no single trip will exceed 90 days. But of course be careful with the other specific clauses in the contract.