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Guidance for Corporate travel insurance clients following upgraded travel warnings

Guidance for Corporate travel insurance clients following upgraded travel warnings This information is current as at 19th March 2020 and replaces any previous guidance issued. The Australian Government yesterday upgraded its travel warnings worldwide and stated that no Australian should travel overseas. Detailed information on what this means for Corporate travel insurance is provided below. The key points to note are: Clients currently overseas should return home immediately Domestic travel booked from today will not be covered for claims relating to COVID-19. Bookings already

Largest Travel Insurers

Zurich Agrees To Buy Australia’s Largest Travel Insurer

Zurich has agreed to buy Australia’s largest travel insurer Covermore for an estimated $741 million. Who is Cover-More? Started in 1986 in Sydney Covermore has around 40% of the travel insurance market share. In Australia, New Zealand and the United Kingdom, Cover-More travel insurance is underwritten by the Munich Re Group. Zurich Australia. In 2015 the insurer provided cover for 2.2 million travellers. “The sale of the company at a significant premium to market is an attractive outcome for shareholders,” Cover-More Chairman Louis Carroll said. Under

Travel Insurance for Bali

Australians Urged To Get Travel Insurance Before Travelling To Indonesia

“If you can’t afford to travel to Bali with travel insurance, then perhaps you should rethink your travel.” Australians planning to travel to Indonesia have been advised to exercise a high degree of caution following intelligence about potential terrorist attacks. Ms Bishop recommended Australians “read the travel advice” available. Ms Bishop said she would feel comfortable holidaying in Bali now, but that travellers should take out insurance. “If you can’t afford to travel to Bali with

AIG Travel Guard Travel Insurance App

AIG’s Corporate Passport Travel Insurance now has an added benefit, with the introduction of the Travel Guard Mobile App. In conjunction with Travel Guard, AIG has developed Australia’s newest and most exciting emergency travel App. The App provides you with important travel information at your finger tips and even puts you in touch with our 24 hour Emergency Assistance Centre, at the touch of a button. How it Works Using your phone’s GPS (no internet needed) the App will determine your location and

Travel Insurers Claims Comparison has completed a review of travel insurers claims ratings. Allianz Global Assist and Cover-More Insurance Services Pty Ltd rated the best with Southern Cross & ACE Insurance rating the worst. The comparison site rated the insurers on hours of contact, average length to resolve disputes and percentage of disputes resolved without the need for ruling. You can read more about how the site ranks by clicking here. 35 travel insurers

Travel Insurers Claims Ratings Mixed

A review of claim experience for clients by insurance claims comparison site has found not all travel insurers are are they same, they reviewed hours of contact availability to a claims representative, chance of a dispute going to the Financial Ombudsmen Service (per 100,000 policies) and average length of time to resolve a dispute in months. Quotesonline team choose 4 well know travel insurers below. Insurer InsurersAIG Australia Insurance Limited (Previously Chartis) Claim Rating Claims

Latest Travel Insurance Review

Consumer watchdog Choice has completed a Travel Insurance review, comparing 22 insurers covering 89 policies, the reviews found that older, pregnant and people with depression weren’t covered in some of the standard policies. CHOICE tips for buying travel insurance: Read ‘general exclusions’ and ‘policy cover’ and ‘pre-existing conditions’ sections carefully, especially if undertaking adventure travel or if you have particular medical needs. Check the ‘word definition’ table as it may contain some tricks of the policy

20,000 Australian travellers get into trouble overseas each year

Australian government figures show 20,000 Australian travellers get into trouble overseas each year (this includes over 1,400 hospitalisations, 1,000 deaths and 30 evacuations of Australians to another location for medical purposes), many are uninsured and unprepared for the cost. A stay in a Dubai hospital can cost up to $10,000 USD a night, The cost of medical evacuations from the United States regularly range from $75,000 to $95,000 and sometimes

Travel Insurers advise for travelers affected by typhoon Bolaven

  Travel Insurer Covermore is urging travelers to Korea to check before travelling as is NO cover for this event on Cover-More products with a Certificate of Insurance issued ON or AFTER the 29 August 2012   Insurance Quotes Click Here Please note Quotesonline Insurance News is an information service provided by third parties Insure 247 Australia doesn’t warrants the accuracy of any information contained there in, readers should make their own enquiry’s before relying on information in the stories 

Moped and Travel Insurance Don’t Mix

Not all Australian travel insurance policy’s are the same A kiwi traveller to Thailand thought he had comprehensive travel insurance now faces paying $16000 just to get out of hospital following a moped crash, suffering from a serious injuries the Thai hospital has posted armed guards and asked his family to pay before he receives further vital surgery, the bill is likely be $45,000 before he is stable enough to return home. The victim paid for a policy with travel insurer Covermore but has since been advised

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