Today in the Middle Seat Mailbox column in the Wall Street Journal is an article on “Should I Get Travel Insurance?” by Scott McCartney. The article does not go into enough detail about the types of considerations that you should go through when deciding if travel insurance is right for you. Here are some of…
Travel Insurance Webcast
Interesting webcast on travel insurance appeared in the Central Valley Business Times yesterday entitled Insurance might ease your travel fears. The webcast features an interview with Tully Lehman of the Insurance Information Network of California. The Insurance Information Network of California “is a non-profit, non-lobbying organization dedicated to informing consumers and the media about the…
Unlicensed Company is back in the news.
Several days ago I wrote about an “Unlicensed Company Selling Travel Insurance” in Texas and that the Texas State Insurance Department has issued a cease and desist order which prohibits them from selling in Texas. Well that company is back in the news again. Yesterday there were two articles that appeared which mentioned them; Local…
Inherent vice in a travel policy?
Travelers sometimes get confused about some archaic language found in travel insurance policies that exclude coverage for “inherent vice”. What does it mean? “Inherent Vice” is a term found in most property policies and is meant to describe property that inherently deteriorates or destroys itself. An example would be any type of personal property (baggage…
“Named Event” Clause in travel insurance?
This morning I read an article in the Hartford Courant that says that travel insurance policies contain a “named event” clause. The article goes on to say that because of this clause that if you buy a policy after a tropical storm is named there will be no coverage within the policy. Unfortunately this isn’t…