Travel Insurance

INDIANAPOLIS--(BUSINESS WIRE)--Innovative international travel insurance and special benefit management provider Seven Corners, Inc.“David Fischer is the catalyst we need for continued growth and expansion into new and exciting markets,” said Jim Krampen, co-founder of Seven Corners.

Customers are flogged poor-value cover when buying essentials, such as home or motor insurance, or even when purchasing concert or travel tickets.Here are the insurance products that you should be wary of.

The Australian Competition and Consumer Commission has welcomed a move by Virgin Australia to abolish its practice of pre-selected online travel insurance for customers booking flights with the airline.According to the ACCC, Virgin’s previous opt-out model inadvertently lead customers to pay for undesired travel insurance without their knowledge.

With a basic economy ticket from Delta, for example, your flight is nonrefundable after the cancellation period and can't be changed.The rise of basic economy tickets are largely a way for airlines to compete with low-cost carries like Frontier and Spirit.

Dubai: UAE holidaymakers risk spending hundreds of thousands of dirhams, or more, abroad by neglecting to secure the right travel insurance policy before hopping on a plane.Recent estimates done by independent financial advisor Nexus Group showed that an alarmingly low number of residents in the country, less than one per cent, are covered by a comprehensive travel insurance plan.

MinterEllison has hired Mark Williams from DLA Piper where he spent the last 23 years and was partner since 2001.“His arrival not only broadens our offering to the Western Australian market but also enhances our national practice.

Consider what valuables you're taking with you - a bargain £7 deal won't protect £10k's worth of golfing gear.Likewise, watch out for 'single item' limits - as if you're travelling with valuables, you won't be fully protected.

Emergency travel assistance Most travel insurance plans include 24/7 emergency assistance, which is a key service for any traveller who is concerned about terrorism.Pay special attention to the exclusions in the policy; if terrorism is listed as excluded, it is not covered.
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