News

COVID-19 Tests The Limits of Certain Travel Insurance Policies

“COVID-19 has put certain insurance plans under a microscope uncovering contractual pathogens likely to result in unpleasant side effects…”

 

Isabelle Beaudoin
July 2020
Canadian MoneySaver

The Urgent Need For Transparency: Will CCIR Add Travel Insurance

” Two years after Canadian Council of Insurance Regulators’ (CCIR) recommendations, the majority of insurers have held onto the infamous contractual clauses, which can arbitrarily and retroactively void an insured’s policy or facilitate a claim denial…”

Isabelle Beaudoin
February 2020
Canadian MoneySaver

One Year After CCIR's Recommendations Gremlins Are Alive And Well

“Overall, we found that most questionnaires still contain many of the “Gremlins” we’ve referred to in previous articles, including the “Time Warp”, “Back to Birth”, “Tip of the Iceberg” to name a few…”

Isabelle Beaudoin
June 2018
Canadian MoneySaver

Student Medical Insurance: Your Options. The Pitfalls. Our Advice

“In the thrill of the preparation, some families forget that being young doesn’t mean being invulnerable and that accidents do happen. In fact, accidents and illnesses are among the main risks that young people face when living abroad.”

 

Isabelle Beaudoin
July 2017
Canadian MoneySaver

The Elusive And Misunderstood Stability Clause In Travel Insurance Policies

“Travellers who are not required to complete a medical questionnaire may be completely oblivious to the fact that this stability clause applies to them as well (e.g. students, sports teams, young families, etc.)”

 

Isabelle Beaudoin
March 2017
Canadian MoneySaver

Trip Cancellation/ Interruption Insurance: “To Buy Or Not To Buy–That Is The Question”

“In general, the preferred recommendation is to evaluate whether your non-recoverable losses incurred due to a trip cancellation and/or interruption are “financially self-manageable.” Resist the usual sales pitch to buy insurance.”

Bruce Cappon
September 2016
Canadian MoneySaver

Travel Insurance: Beware Of Policy Gremlins a.k.a. The Fine Print - Part 1

“Policy Gremlins on first reading may appear as innocuous little words. In reality they have the uncanny ability to mask, obscure, and otherwise camouflage their true meaning.”

Bruce Cappon
August 2016
Canadian MoneySaver

Travel Insurance: Beware of Policy Gremlins a.k.a. The Fine Print - Part 2

“Responses by the applicant to a murky Gremlin-loaded medical questionnaire could readily lead to the invalidation of the policy contract.”                  

Bruce Cappon
July 2016
Canadian MoneySaver

Beat The Rising Costs Of Travel Insurance: 10 Tips To Slash Travel Insurance Premiums

“U.S. goods and services increased by 17% while medical inflation increased by 5-6%. In response to these economic pressures, Canadian travel insurance providers generally raised their premiums by 15% +.”

Bruce Cappon
September 2016
Canadian MoneySaver