Holidaymakers must not assume that travel insurance is unnecessary when travelling even in the UK, it has been warned. With a growing number of travellers opting to spend their holidays in the UK this year, according to a number of insurers, a majority of Brits are forging travel insurance assuming that it is not required if they are staying in the UK.
According to research by a price comparison website, only two per cent of holidaymakers planning to spend their holiday in the UK have sought travel insurance quotes. Steve Williams, head of travel insurance of the price comparison website said that “travel insurance should be seen as a vital part of any holiday.”
He said: "The number of UK insurance policies sold is dwarfed by that of European and worldwide policies, and in our experience fewer people shop around for UK cover.” Williams advised that travel insurance would be “vital” especially during the current financial crisis as although holidaymakers travelling in the UK would not be required to purchase the insurance for medical reasons, flight cancellations or airline failures could leave holidaymakers losing more cash than what they would have spent on the cover.
According to Direct Travel Insurance, redundancy is one of the common reasons of cancellations and without insurance, holidaymakers would be left with large cancellation charges.
news source : http://www.onlyfinance.com/Travel-Insurance-News/
Auto insurance rates may be on the rise in the United States, but shopping for auto insurance can ease consumers’ worries about saving. While consumers are witnessing auto insurance rates rising by the day, reviewing auto insurance policies is one of the best ways to save money.
Consumers everywhere are noticing big-time insurance companies increasing their car insurance rates at a faster pace than usual to make up for clients who have dropped their policies. In Florida and other states, auto insurance policyholders are facing the chance of their auto insurance premiums increasing exponentially by 10 percent in the upcoming years.
Most auto insurance companies are asking for higher premiums from strapped policyholders. But with job loss on the rise, a stifling recession, and a growing amount of people making strict budget cuts in the way they live and spend money, more policyholders are likely to drop their insurance. However, consumers can save money by receiving multiple insurance quotes from several different insurance carriers to gain the best coverage package at the lowest rate.
Although it will take some time for the recession to end, the article posted by InsuranceAgents.com encourages consumers to follow its tips to better organize their finances and to get the best out of their insurance plan with specialized auto insurance agents. Its goal is to help consumers save money during one of the worst financial crisis in America.
news source : http://insurancenewsnet.com/
Cruise travelers who purchased travel insurance from Colorado-based Prime Travel Protection are learning that the insurer has gone out of business. A statement on the company’s website informed customers that it had “initiated an orderly liquidation of services.” The brief statement added that customers would be contacted in writing regarding claims processing and that appointed counsel would handle all inquiries. Customers have been advised that if they hold a policy issued by Prime Travel Protection for upcoming cruise travel, they will not be covered and need to arrange for alternative travel insurance. They will need to dispute charges for any coverage purchased with their credit card company for a refund.
One particular situation that customers have been told to be aware of involves the waiting period for pre-existing medical conditions. Typically, to receive a waiver for such as condition the insurance needs to be purchased within 14 days of making an initial trip deposit. For those affected by this provision, Access America, a travel insurer, has indicated that given the demise of Prime Travel exceptions might be possible and will be considered based on individual circumstances, according to spokesman Mark Cipoletti. One travel agency has come forward to help Prime Travel’s clients. Ron Russo, the vice president of Best Price Cruises has said that all of the failed insurer’s customers who purchased their travel insurance along with their booking with Best Price will receive a replacement policy at no additional charge, provided by the fully-licensed insurer, iTravel Insured, Inc.
news source : http://news.carrentals.co.uk/
Holidaymakers must not assume that travel insurance is unnecessary when travelling even in the UK, it has been warned. With a growing number of travellers opting to spend their holidays in the UK this year, according to a number of insurers, a majority of Brits are forging travel insurance assuming that it is not required if they are staying in the UK.
