NFP extends personal travel insurance offer across Canada

NFP – a property and casualty broker, benefits consultant, wealth manager, and retirement plan advisor – has announced that it is extending its Personal Travel Insurance offers across Canada.

NFP in Canada also says it now has a national team of travel brokers and is partnering with leading travel insurance companies to provide insurance for all eligible clients.

The insurance is available to Canadians traveling within Canada and abroad, as well as those visiting Canada from other countries.

There are multiple policy options available for travelers that protect them by covering associated travel costs should a trip get canceled, delayed or interrupted for a variety of reasons, including evacuation due to a medical emergency, reservation issues, rental car damage or loss, and stolen or damaged baggage.

“Planning a trip always comes with a degree of uncertainty, causing travelers to worry about unforeseen events that can disrupt their travel,” said

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Is An Annual Travel Insurance Policy Worth It?

Peter M. Zollman doesn’t stop traveling. In the last few months, he’s been to Berlin, Lisbon, New York, Las Vegas, and visited Utah’s famous national parks. But lately, he’s started to wonder if an annual travel insurance policy might be right for him. An annual (also called a multi-trip) policy covers all of your trips for an entire year.

“What’s the coverage like?” asks Zollman, a marketing consultant based in Orlando. “And what are the pitfalls of annual insurance?”

Actually, annual travel insurance is made for travelers like Zollman. But he’s right — there are some important limits.

“Annual plans are designed for travelers who are taking multiple trips a year and do not have set dates,” explains Bailey Foster, vice president of trip insurance at Trawick International.

For example, Trawick’s annual plans cover

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Players In The Travel Insurance Market Are Focusing On Implementing Advanced Technologies And Developing Digital Platforms

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

LONDON, July 7, 2023 /PRNewswire/ — As per The Business Research Company’s Travel Insurance Global Market Report 2023, the global travel insurance market size will grow from $19.1 billion in 2022 to $22.44 billion in 2023 at a compound annual growth rate (CAGR) of more than 17%. The travel insurance market size is then expected to grow to $40.5 billion in 2027 at a CAGR of 16%. Factors such as an increase in demand for embedded, event-driven insurances, growing awareness of travel associated risks, and the rising medical costs will drive the market.

The global travel insurance market is highly concentrated, with several large players operating in the market. Allianz Group was the largest competitor with a 16% share of the market, followed by Axa

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What to Know About Travel Insurance

Leslie Wahlgren has worked as a travel advisor for nearly 20 years, long enough to have seen plenty of ups and downs, including the roller coaster of the pandemic. Never before, she says, have her clients been more interested in travel insurance than they are right now.


“Just yesterday I sold five policies,” says the Los Angeles–based advisor, who’s part of Plaza Travel.


“People are more aware of what’s happening in the world,” Wahlgren notes, “but they still want to go on trips — and they can, because of the peace of mind travel insurance provides.”


While COVID-19 remains a concern, many people these days are equally worried about flight delays, cancellations, missed connections, and lost bags, according to data from Squaremouth, a comparison-shopping site for insurance. And while you might think of travel insurance as something that only kicks in when a trip is cancelled, many policies also compensate

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Learn How to Increase Your Earning Potential Selling Travel Insurance

Janeen Christoff

How Insurance Works for Clients

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In this recently revised course, travel advisors will learn all of the ways that they can provide protection for their clients. This includes maximizing earning potential by offering travel insurance.

Three Chapter Course

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The course includes three chapters on a range of topics, including how travel insurance works, customer journeys and marketing and selling travel insurance.

The Benefits for Your Clients Explained

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The course provides a step-by-step overview of what your customers will experience with their Allianz Travel Insurance policy, from pre-booking to post-trip.

How to Make Insurance Sales Simple

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The course will outline key tactics in the insurance sales process that will help clients better understand the benefits of protecting their vacation investment.

Graduate Benefits

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Travel advisors earn a certificate as an Allianz Partners Specialist and can earn two Continuing Education Units for advisors who are members of The
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HTH Worldwide Travel Insurance Review (2023)

HTH Worldwide Travel Insurance Overview

HTH Worldwide provides three different types of travel insurance coverage. It partners with GeoBlue to offer travel health insurance for short-term trips and expats staying overseas for long periods. Worldwide Insurance Services, LLC owns both the HTH and GeoBlue brands. However, unlike GeoBlue, HTH offers traditional trip protection policies with coverage for emergency medical care and trip interruption and cancellation.

HTH Worldwide’s TripProtector insurance comes in three tiers, with the Economy plan offering basic cancellation, interruption and baggage loss coverage. The Classic and Preferred levels offer similar plans with higher limits and more features. All plans protect against medical emergencies during the trip and offer medical evacuation and death and dismemberment insurance. Group discounts of 10% are available for policies covering five or more people.

HTH Worldwide Coverage

TripProtector Economy is the budget travel insurance plan from HTH Worldwide. It includes emergency medical coverage and

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Do you need trip cancellation insurance? What to know before buying – National

Noah Meyer-Delouya, 25, only bought trip cancellation insurance once – and it paid off.

The Toronto-based accountant did it because he, his mom and his brother bought cheap tickets to Los Angeles this past January. They figured $67.89 for trip cancellation insurance for all three of them wasn’t too much extra money to protect their trip.

They also liked that this trip cancellation insurance policy explicitly included the ability to receive a full refund for their airfare if someone contracted COVID-19.

“With COVID, it’s become so much more normal to be more cautious and aware of the chance of getting sick and impacting your trip,” Meyer-Delouya said.

Five days before the trip, his mom tested positive for COVID. Two days later, his brother tested positive too. Meyer-Delouya got lucky and didn’t contract COVID. But the family decided to cancel all their tickets and cash in their trip cancellation policy.

Story

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Travel Insurance for a Bali Vacation (2023)

It’s not mandatory to buy travel insurance for a vacation in Bali. However, whether you’re traveling to Indonesia for business or pleasure, comprehensive travel insurance is recommended. If you require medical care in Bali, upfront costs can be expensive without medical coverage. In the case of trip interruptions or trip cancellations, insurance helps protect you from financial loss.

From exploring rice fields in Ubud to riding a scooter around Denpasar and rafting the Agung River, adventure activities are popular in Bali. A travel insurance policy with coverage for unexpected injuries is a good idea if you’re intending to participate.

Cancel for Any Reason Coverage (CFAR)

Travel insurance companies offer cancellation coverage with standard policies. However, you’re limited with regard to your reasons for canceling. Typically, they include the death of a family member, hospitalization or similar medical emergencies.

Cancel for any reason coverage, otherwise known as CFAR, is a policy

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7 Costliest Mistakes People Make When Planning Vacations

Jonathan Weiss/Shutterstock.com

Jonathan Weiss/Shutterstock.com

It’s vacation season!

With summer in full swing for most of the US, you might be putting the finishing touches on your vacation plans. Or you might be planning a winter getaway for later this year. Either way, before you take off on an epic road trip or fly to a desirable destination for some rest and relaxation, you might want to make sure you avoid making these massive travel mistakes.

Also See: 6 Vacation Splurges You’ll Almost Always Regret
Learn: How To Build Your Savings From Scratch

We tapped Greg Johnson — expert world traveler, travel blogger at ClubThrifty.com and owner of Travel Blue Book Travel Agency — to share his insights on the costliest mistakes travelers make when planning vacations.

Not Planning Ahead

Failing to plan is planning to fail. Having a plan in place can help alleviate travel headaches and save you money at the

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Strikes & Cancellations Cause Summer Travel Concerns: Does Travel Insurance Help?

MINNEAPOLIS, May 23, 2023 /PRNewswire/ — With Memorial Day weekend on the horizon and summer break just around the corner, most families are starting to look forward to that relaxing summer vacation. Unfortunately, with the threat of pilot strikes and airline meltdowns, most travelers are rightfully concerned about that something could go wrong with their summer travels. The experts at Yonder Travel Insurance analyzed their quote database to find ways customers are protecting their valuable summer trips.

Flight Cancellations or Delays: There’s been no shortage of news regarding flight cancellations or delays. The great news is travel insurance can provide complete protection for your flightsvacation rental costs and other trip expenses if your flight is affected by strikes, weather inclusion or mechanical issues.

“Over 20% of Yonder users traveling between May and September are selecting specific filters for protection against flight cancellations or delays”, says Terry Boynton

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