Resolution 1: Make sure you qualify for pre-existing conditions coverage. The biggest “gotcha” is the exclusion for pre-existing conditions. Many plans offer a “waiver of pre-existing conditions” provided you buy the insurance early, within the required time period – usually 10 to 30 days depending on the plan following your first trip payment date. We…
Category: Travel Insurance Insights
Good News for Consumers – DOT New Advertising Regulation
The United States Department of Transportation has established new rules governing advertising that go into effect on January 24, 2012. The new rules establish higher standards for how airlines, tour operators, and travel agents advertise airfares. Here are some highlights: Airfares will now have to be advertised inclusive of all fees including taxes. Post-purchase increases…
Moral Hazard?
What is a “moral hazard”? It is a term used in insurance circles that describes the subjective choices a person makes or could make because they have insurance. Wikipedia describes it as: In economic theory, moral hazard is a situation in which a party insulated from risk behaves differently from how it would behave if…
How time affects travel insurance coverage
Timing is one of the most important aspects of travel insurance, and depending on when you purchase your plan could determine whether or not a claim will be paid or denied. To help you get a better understanding on how time affects coverage we developed the travel insurance timeline. This timeline hopefully will help clarify…
Aruba Missing Girlfriend – beneath the story on Accidental Death Coverage!
You probably have been reading about the guy being held in Aruba on the suspicion of murder because of the presumed death of his girlfriend several weeks ago. One of the things that came to light early in the investigation is that he was the sole beneficiary on a $1,500,000 Accidental Death and Dismemberment policy. …