Trip Assured was recently ordered to cease and desist from selling their insurance products in the State of Texas, according to the Texas Department of Insurance. They claim that Trip Assured Inc., a Crossville, Tenn. based company has engaged in the business of insurance by soliciting, marketing, selling, administering, executing, and issuing travel insurance policies […]
Glossary: Medical Evacuation
The hospital expenses can be bad, but getting home can be a nightmare The medical expenses are only a part of an accident or illness while on vacation. Let’s say you are on vacation in South America and suffer an illness or accident. You’re taken to the nearest hospital and they begin treatment. Some travelers, […]
MedjetAssist will get you home
MedjetAssist provides annual memberships for medical evacuation cost coverage. As a MedjetAssist member, if you are hospitalized virtually anywhere in the world, they will provide air transport. MedjetAssist specializes in providing medical evacuation services, they do not provide coverage for medical treatment. Unlike some other insurance companies that offer a medical evacuation plan in addition […]
3 Ways CSA Travel Protection has made travel insurance easier
Finding the right company, and then right policy for your trip can be difficult. Here are 3 things I really like about the CSA Travel Protection site and how they offer their travel insurance products. 1. The site is made for the consumer, not travel agents Where some travel insurance sites cater to insurance agents, […]
Underwriters, Administrators, and Agents
What’s the difference between an underwriter, administrator, and agent? In the world of tangible goods, you have a manufacturer, a distributor, and a retailer. The manufacturer designs the product and decides what materials to use in making it. The distributor negotiates prices with the manufacturer and arranges for the product to be sold by retailers. […]
Medical coverage vs. Trip cost coverage
In the world of travel insurance, there are two basic types of coverage. Medical expense coverage. As the name suggests, this will provide coverage for your medical expenses while outside your home country. If you break a leg, or get sick while traveling, this is the coverage you would want. Go to the hospital, give […]
What about my baggage?
When many people think of travel insurance, they think of canceled vacations and lost baggage. The medical coverage offered by package policies is almost an added benefit, especially if you are traveling in your own country. Travel insurance companies offer what is called a package policy, which includes some travel medical, trip cost, and medical […]
Glossary: Pre Existing Medical Conditions-Travel Insurance
Legal Version: A pre-existing condition is defined as any injury, illness, sickness, disease, or other physical, medical, mental or nervous condition, disorder or ailment that existed at the time of application or during the past duration(specified by each insurance plan) prior to the effective date of the insurance, including any subsequent, chronic or recurring complications […]
Who is eligible for travel insurance?
Eligibility for different travel insurance policies can vary. Most people traveling from the US can buy a policy online with guaranteed acceptance, no medical exam, no waiting; just print it out and go. Foreign citizens may experience more limitations on policies that will cover them in the US, but usually there is some level of […]
Recent Egypt bombing raises concerns about terrorism coverage
Is terrorism covered by travel insurance policies? It depends. Over the past 5 years since 9/11, many insurance companies have addressed terrorism coverage in their policies. They will provide coverage for trip cancellation if there is a terrorist incident in one of the cities on your itinerary. As always, read the policy certificate thoroughly. You […]