NFP Expands Personal Travel Insurance Offering to Canadian Marketplace

Solution provides Canadian travelers with medical evacuation coverage and protects canceled, delayed or interrupted trips due to a variety of issues

TORONTO, May 4, 2023 /PRNewswire/ — NFP, a leading property and casualty broker, benefits consultant, wealth manager, and retirement plan advisor, announced today it is extending its Personal Travel Insurance offering across Canada. NFP in Canada also announced it now has a national team of travel brokers and is partnering with leading travel insurance companies to provide insurance for all eligible clients*. This offering is available to Canadians traveling within Canada and abroad, as well as those visiting Canada from other countries.

(PRNewsfoto/NFP)

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

…

Should I declare a past medical condition to my travel insurer?

Gill Charlton has been fighting for Telegraph readers and solving their travel problems for more than 30 years, winning refunds, righting wrongs and suggesting solutions.

Here is this week’s question:

Dear Gill,

This year my wife and I set about buying annual travel insurance for visits to Europe. We’ve used Aviva in the past, so I telephoned an agent to discuss cover. I told him about my wife’s operation for bladder cancer in February 2020 and that annual check-ups had since been clear. We were told that, as the condition was resolved more than two years ago, it was no longer an issue.

However, the premium of £260 for both of us was quite high, so I entered our details into Moneysupermarket’s comparison site. The only question asked was: “Do you have a pre-existing medical condition?” I answered “No” on behalf of both of us. The site then offered a

…

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

…

Travel Insurance for a Costa Rica Vacation (2023)

Cancel for Any Reason Coverage

Most travel insurance policies include trip cancellation coverage that reimburses you all or most of your travel expenses if you’re forced to cancel your travel plans.

However, travel insurance will not provide you with a reimbursement for any reason. When you sign onto travel insurance coverage, you’ll be provided with an acceptable list of situations when you can cancel your trip and claim reimbursement for travel and lodging expenses. Some commonly covered cancellation reasons include the following:

  • Court-ordered appointments (like bail hearings or jury duty)
  • Death of a family member
  • Death of a traveling companion
  • Military orders

Cancel for any reason insurance (CFAR) extends your travel insurance to provide reimbursement for a broader range of circumstances. With few exceptions, CFAR insurance upgrades allow you to claim a partial reimbursement when you need to cancel your trip, no matter why. CFAR insurance is more expensive than

…

Travel insurance could help with weather-related flight cancellations. Here’s how

Such insurance purchases are up 9% for trips this Fourth of July compared to last year as unpredictable weather and worker shortages can trigger widespread cancellations for any airline.

By
Elisabeth Buchwald, CNN

Published Jul 3, 2023 10:11 AM PDT

|

Updated Jul 3, 2023 10:11 AM PDT

Nick Ewan explains insurance policies that could protect users from severe weather and also shares insurance tips while traveling.

New York (CNN) — With unpredictable weather and worker shortages, no airline is immune to widespread cancellations. Hundreds of thousands of travelers learned this the hard way recently, as they became stranded in airports across the country in the run-up to the Fourth of July holiday weekend.

For many of them, buying traveler’s insurance could have helped improve their situation.

The hurdles people must be clear to get out of town when the system grinds to a halt can be excruciating.

For example,

…

Travel credit cards can insure unexpected expenses and save you money. Here’s how

If you’re trying to save on summer travel, don’t overlook travel insurance on credit cards.

A WalletHub survey on credit card travel benefits found inflation would make 34% of Americans increase use of their credit card travel benefits. Still, almost half said they aren’t taking full advantage of the benefits that come with their card, “which means we’re also wasting time and money,” WalletHub analyst Jill Gonzalez said in a news release. “People know there are untapped values ​​that can help make ends meet.”

What benefits can you get with your credit card?

You should make sure to look at your policy details before traveling because coverage amounts and restrictions vary, according to a WalletHub study on the best travel credit cards with travel insurance.

Typically, cards offer benefits such as:

  • Travel accident insurance

  • Luggage insurance

  • Trip delay or cancellation reimbursement

  • Travel emergency assistance

  • A claims process

The WalletHub survey

…

Extreme Travel Is Inspiring New Types of Insurance

Traditional travel insurance won’t swoop in with paramedics, even though it typically covers the cost of an emergency. Dan Richards, the chief executive of Global Rescue, told DealBook that he wanted to fill that gap when he founded the emergency travel management company in 2004. For a $360 annual fee, it provides members with evacuation services. Upgrades, including one that promises “military special operations veterans” will retrieve you from dangerous locations like war zones, can raise the fee to about $1,800. Similarly, Medjet, a medical evacuation service, sells annual memberships, and companies like AirMed International, SkyMed and others offer emergency extractions.

Travel insurance is going to space. With companies like Blue Origin and Virgin Galactic selling tickets for trips, the market for space tourism is expected to grow to about $3 billion by 2030, according to estimates from UBS. The space travel insurance market is still small, but Lloyd’s of

…

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

…

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

…

Canadians embrace travel insurance as essential in the post-pandemic era



Canadians embrace travel insurance as essential in the post-pandemic era | Insurance Business Canada















“The pandemic exposed the unpredictability of travel”

Canadians embrace travel insurance as essential in the post-pandemic era

InsuranceNews

By Mika Pangilinan

As travel resumes in the post-pandemic era, one thing has become clear: travel insurance is no longer a luxury but a necessity.

According to the Allianz survey, a striking 89% of Canadians with plans to travel revealed that they intend to be covered by travel insurance for their next trip.

Plus, 74% said having travel insurance is equally or more important post-pandemic. Among them, 32% said it is more crucial than before the pandemic.

Six out of 10 Canadian travelers also revealed that they are still worried about the possibility of COVID-19 affecting their travel plans, with the highest level of concern found among travelers aged 55 and above.

Even then, many revealed that

…