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. …
Travelex switches underwriters to Stonebridge
Travelex has just recently changed underwriters for 3 of its main plans – the Basic, Select and Max to Stonebridge Casualty (the underwriter was Nationwide prior). The plans have not changed much at all, they are still primary coverage when it comes to medical coverage and the pre-existing condition exclusion is still a very short…
QuoteWright on Facebook
We could only buck the trend so long. We have been tweeting for a short while now but its official, we now have brought our collective travel insurance knowledge to the Facebook masses. The only thing for you to do now is to like us and allow us to keep you up to date with…