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Is travel insurance important this holiday season?

Travel insurance can financially protect against holiday travel issues like flight cancellations and luggage delays. Getty Images/iStockphoto The winter holiday season tends to be a busy travel period as people book flights to visit family and friends, reserve hotels for winter getaways and more. This year looks like it will be no exception. The 2023 Thanksgiving travel period alone looks like it could be the busiest on record. Now, as we round the corner into the winter holidays such as Christmas and New Year’s, many travelers may be worried about what all these crowds will mean in terms of airport…
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UK Family Hit With Over Rs 1 Crore Medical Bill After Travel Insurance Error

Insurer denied coverage for her 100,000-pound medical bill.Imagine enjoying a carefree vacation only to be hit with a 100,000-pound (Rs 1,05,66,245) medical bill because of a simple mistake on your travel insurance form. That’s the nightmare a British family experienced. Now they are warning other travelers about the importance of diligently reviewing their insurance policies to avoid costly blunders. According to the BBC, West Sussex residents Roberto and Masha Katalinic brought their daughter Katya to Kenya for a Christmas family holiday. When her parents returned to the UK in the new year, Katya decided to stay on for a…
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Travel insurance is a must-have right now – here’s why

Travel insurance can protect against financial losses from certain unexpected events, making it a crucial travel tool right now. Getty Images It seems like there are more issues than ever with travel right now. This summer, a surge in flight disruptions — caused by a mix of flight crew shortages, unexpected weather events, natural disasters and outdated technology, among other issues — caused headaches and financial losses for millions of travelers across the globe. And these issues don’t appear to be improving, either. Mechanical issues and weather delays are continuing to be compounded by airline staffing shortages, causing flight delays,…
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Travel insurance: The common coverage that will make your policy more expensive

COVID-19 cases are again around much of the world. But if you assume its prevalence means your travel insurance policy will definitely include it, and you won’t be charged more for the privilege, you’re wrong. Financial comparison website Canstar recently reviewed 106 travel insurance policies and found 18 per cent of them didn’t offer coverage for COVID. Of the 87 policies that did include COVID, only 70 offered cover for both overseas medical and cancellation costs. Policies that did include COVID were on average $103 more expensive than those without it. A survey conducted by comparison site Finder in November…
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Adelaide family forced to pay $370,000 after insurance company denies Indonesian scooter accident claim

An Adelaide mother whose son had a scooter accident in Indonesia says she will have to pay more than $370,000 in medical bills because travel insurance will not cover the costs.Key points:Blake Gibb was on holidays in Indonesia when he crashed into a wall riding a scooter Mr Gibb took out travel insurance before he left but it wasn’t covered for scooter riding The family has set up a GoFundMe page which has so far raised $35,000Rosslyn Gibb, from Seaford Rise, said her son, Blake Gibb, 29, was on holidays on Lembongan Island, south-east of Bali, when…
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11 Best Travel Insurance Companies Of March 2024 – Forbes Advisor

Comprehensive travel insurance policies package together a number of valuable benefits. You can also buy policies that cover only trip cancellation or only medical expenses. With the wide variety of travel insurance plans available, you can find coverage levels that will fit your budget and trip needs. Look for these top coverage options in a comprehensive travel insurance plan. Trip Cancellation Insurance You don’t book a trip with the intention of canceling it, but unexpected illness, injury, family member sickness, jury duty and more could disrupt plans. Trip cancellation insurance reimburses you 100% for money you lose in prepaid, non-refundable…
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Ski travel insurance: 4 dos and 4 don’ts

With winter in full swing, many people are gearing up for ski holidays. According to a report by holiday provider Club Med, its bookings have already surged by 10% compared to the same period in 2022, with January being the prime month for buying ski trips. Alongside the thrill of the slopes, it’s important to fully understand your winter sports insurance policy. Keeping certain ‘dos’ in mind could not only secure your insurance but, in some instances, may even lower your premiums. On the flip side, certain ‘don’ts’ could potentially void your insurance. According to a recent study by GoCompare,…
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Revealed – travel insurance costs surging in Australia

Revealed – travel insurance costs surging in Australia | Insurance Business AustraliaTravelRevealed – travel insurance costs surging in AustraliaFinance expert warns on dangers of ditching the coverTravelBy Roxanne LibatiqueFinancial comparison site Mozo’s latest Travel Insurance Report for 2024 has brought attention to a significant surge in travel insurance costs for Australians.The financial comparison site revealed a noteworthy 24% average increase in travel insurance expenses across essential, comprehensive, cruise, and ski policies over the past 12 months.The research outlined specific areas where the increase was most pronounced: Cruise travel insurance leads the pack…
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