CNBC – Street Signs How Terrorism Impacts Travel Insurance

August 23rd, 2016

Yesterday, I was interviewed by the CNBC news show, Street Signs, concerning the impact of terrorism on travel insurance.  You can view the interview at http://video.cnbc.com/gallery/?video=3000545183.

For more specific information about terrorism coverage visit our Buyers Guide terrorism page.

 

Rudy Maxa’s World with John Cook from QuoteWright

May 23rd, 2016

This Saturday I was a guest on Rudy Maxa’s World where I answered questions about travel insurance and TSA delays. You can listen to my segment

or you can visit Rudy Maxa’s World site at: http://rudymaxa.com/podcasts/2016-2/ . If you haven’t seen Rudy on PBS TV or listen to him on radio that I strongly recommend making it a habit.

TSA delays – does travel insurance cover you?

May 18th, 2016

We’ve all seen the headlines:

  • TSA Hell:  passengers in Chicago miss flights due to lines
  • TSA Turmoil
  • Long TSA lines strands 450 fliers overnight

At QuoteWright.com, one of the most popular questions that travelers are currently asking is “What coverage do I have if I’m delayed by long TSA lines and my flight leaves without me?”

The bottom line is that travel insurance probably doesn’t cover a delay or missed flight due to long TSA lines.  Why?  Because coverage designed to insure your trip, such as trip cancellation/interruption, travel delays and missed connections, is named “peril coverage,” and long lines are not considered perilous.

“Named peril” is an insurance term that translates to the insurance company only covering those specific reasons listed in the policy for that coverage. Most plans will cover delays or missed connections due to “inclement weather,” causing common carrier delays, or, in some plans, “mechanical breakdown or strike.” However, none of the plans covers delays or missed connections due to TSA delays.

At QuoteWright.com we believe that an informed traveler is an empowered consumer. It is essential the traveler be told of not only what is covered by his/her policy, but essentially what is not covered as well.

Traveling with others?   Hidden hazards that you have to think about.

March 3rd, 2016

Here at QuoteWright, we talk to a lot of clients who are traveling with others .  Usually they are family members who might live in different parts of the country or to non-related companions.

You know what events you want to be covered for, but what about the rest of your traveling companions?  What events are they concerned with?  Would you travel without them if they had to cancel?  Would they travel without you if you had to cancel?

Many plans allow you to cancel or interrupt your trip due to a covered reason stated on the policy that affects either you or your traveling companion or family members of either.  A traveling companion is usually defined as someone whom you’ve made travel arrangements and intend to travel with.  Remember though, the same exclusions that apply to you may also apply (for example, pre-existing medical conditions), to your traveling companions as well and maybe to their family members..

If either of the traveling parties would still travel without the other, then just pick the plan that best suits you.  However, if travel is dependent on each other, than talk to your traveling companions and discuss your concerns.   From there, you can move forward in choosing a plan that is best for you.

We’ve also found it to be good practice for all travelers to get the same policy.  While you can get different plans that cover the same things, the circumstances that trigger those benefits might not be handled the same and you run into the complexity of dealing with multiple insurance companies.  We usually advice client’s to “keep it simple” and buy plans from one company.

Dear Santa please improve travel insurance

December 22nd, 2015

The holidays are nearly here and as my grandchildren make their lists for Santa, it got me thinking of a wish list of my own for travel insurance.   Here it is:

It’s no mystery that travel policies have limitations and exclusions.  A good policy is one that covers a lot of ground.  While there are several really good plans out there, it would be nice if insurance companies would changed a few things to make them even better, the following is a small list of things I’d love to see changed.

  • Not having to insure for the full non-refundable trip cost to qualify for the preexisting medical conditions waiver.  As you might know, there are usually a few qualifications that you must meet to get the preexisting waiver with those plans that offer it.  One requirement is to insure to value – insuring for the full pre-paid nonrefundable cost of your trip.  In the past, some plans that didn’t require it but that is no longer the case.
  • Anchor the preexisting medical conditions period to the date of last treatment/symptom, not the purchase date.  All plans have a preexisting medical conditions period that looks back into someone’s medical history prior to the date of purchase.  This look back period can range from 60 to 180 days and maybe waived if the plan has a “waiver” and if you qualify.  However, if for some reason the pre-existing conditions exclusion applies, then we’re in favor of anchoring the preexisting conditions period to the date of last treatment/symptoms and going forward with the specified time period rather than the current practice of using the departure date as the anchor and going backwards from that date.
  • Make baggage coverage primary.  Off the top of my head there is one company that has the option to make baggage coverage primary and there is one company whose standard practice is to provide primary coverage, however, that’s about it.  The rest are secondary.  With secondary, you’d first have to submit the claim to your home owner’s or renter’s insurance first which might cause those premiums to go up, but that’s another story.

Who knows maybe we’ll find those changes under the tree but I doubt it.