Travel Insurance

‘Bizcation’ is increasingly popular among young Canadian professionals

‘Bizcation’ increasingly popular among young Canadian professionals | Insurance Business Canada Travel ‘Bizcation’ is increasingly popular among young Canadian professionals New survey offers insights into the trend Travel By Terry Gangcuangco The trend of blending work with leisure travel, known as “bizcations,” is gaining popularity among young Canadian professionals, according to a new study by Allianz Global Assistance. The company’s seventh annual Vacation Confidence Study revealed that nearly half of the professionals in the 18-34 age group plan to combine remote work with their vacation plans this year. This emerging trend allows employees to work while traveling, eliminating the need… READ MORE

How to Find the Best Travel Insurance

Booking travel always carries some degree of uncertainty. Travel insurance provides a safety net so you can step out with confidence. You may not need travel insurance for inexpensive trips, but it can provide a sense of security when you prepay for pricey reservations, a big international trip or travel during cold and flu season, which can be unpredictable. According to insurance comparison site Squaremouth, travelers in 2023 spent an average of $403 for comprehensive coverage, compared to $96 for medical-only policies. Comprehensive plans typically cost between 5% and 10% of the insured trip cost. Since that price tag is… READ MORE

Key Insights on Pre-Existing Conditions and Travel Insurance

MINNEAPOLIS, March 4, 2024 /PRNewswire/ — If you or a travel companion has a pre-existing medical condition, obtaining travel insurance specifically covering pre-existing conditions is highly advisable, particularly if the condition occasionally requires professional medical attention. Here’s what you need to know about pre-existing conditions and travel insurance from the experts at Yonder Travel Insurance. Is Your Condition Considered Pre-Existing? Contrary to standard health insurance definitions, your medical condition might not be considered pre-existing under travel insurance and here’s why. Travel insurance companies typically review the past two to six months of your medical history to assess if a claim… READ MORE

bolt and WorldTrips Save Consumers Time and Money on Travel Insurance With New Partnership

Travellers have sometimes struggled with protecting their valuables like smartphones, tablets and laptops due to poor insurance clarity on how to make a claim and if they are entitled to coverage. A new partnership between insurtech bolt and WorldTrips, the travel insurance plan and assistance service provider, is looking to solve this pain point. Covered travellers will have access to fully digital 24/7 online claims process provided by bolt, allowing them to file a claim easily at any time and from anywhere in the world. The long wait till they get home from their trip to make a claim is… READ MORE

Two Australian friends attacked, stabbed in Bali did not have travel insurance, left with hefty medical bill

Two Australians have been left with a hefty medical bill after a terrifying attack in Bali, with a partner of one of the victims claiming they were stabbed repeatedly by a group of men. The girlfriend of one of the victims, Scarlett Carruthers, said her partner Peter and friend Izeah were attacked by a group of men outside of a Mini-Mart in Kuta on their last night of the trip. The two friends were stabbed more than 20 times in the face, neck, head, eye, chest, both arms and ear, according to Carruthers. A GoFundMe was launched by Carruthers on… READ MORE

How to respond to clients who say no to travel insurance: Travel Weekly

Jamie Biesiada If you’ve got clients who are reluctant to buy travel insurance, here are some useful scripts, courtesy of Allianz Partners. If a client says, “My credit card will cover it,” you might say, “Credit card coverage is more limited and varies depending on what card you have.” If they say, “I don’t need insurance because I’m young and healthy,” your response might be, “What if you need to cancel your trip because something happens to your traveling companion, child or spouse?” If they say, “I already have health insurance,” you might counter, “Most domestic health plans don’t apply… READ MORE

Majority of Australians underinsured or traveling without travel insurance: new survey reveals

Wednesday, 6 December 2023 A new survey has revealed a concerning trend of uninsured travel among Australians, with a significant number of people putting themselves at risk by traveling overseas without adequate protection. The survey of 1000 travellers, conducted by Quantum Market Research on behalf of the Insurance Council of Australia and the Department of Foreign Affairs and Trade’s Smartraveller, found that one in six Australians (16%) were not covered by any form of travel insurance on their last overseas trip. This lack of coverage was particularly prevalent among younger travelers, with more than half (60%) of those aged under… READ MORE

Travel insurance: Curbing the risks as you globe-trot; here’s all you need to know

While this may look like any other family vacation discussion, it highlights a transformational shift in the mindset of the Indian traveller. From the conventional beaches and mountains, vacations for the quintessential Indian have evolved to a more ‘experiential’ kind of travel. Sunita above is not alone. According to an October 2023 report by online ticketing portal SkyScanner, 94% Indians are likely to participate in a trend called ‘set-jetting’ or travel that is inspired by an influencer, a movie or TV show (think Corsica, post the phenomenal success of Ranbir-Deepika starrer Tamasha that introduced Indians to this quaint island around… READ MORE