With the credit crunch hitting us even harder just as we unpack our suitcases, people are going through extreme measures to accumulate a little extra cash. Travel insurance scams have seen an 80% increase recently as the credit crunch develops with holiday makers claiming on items which have not even been stolen or claiming for more than the items actually worth.
Some people have booked holidays but now cannot afford to go on them; you will lose your deposit if you can’t attend your holiday if pre-booked. So people are paying a visit to the doctor and pretending to be ill so they can obtain a sick note, they can then use this sick note to legally get a full refund from the holiday provider.
It is extremely hard to determine a genuine claim as the foreign police are often uninterested in lost or stolen items such as cameras or iPods resulting in low prosecution rates for fraud abroad.
With the number of claims increasing it has forced the insurance companies to act, they now look out for tell tale signs from a claimant and can determine a fraudulent claim much easier now than a genuine claim. They are however, reluctant to release these signs.
If you have a claim rejected, it will be marked on your credit rating and will remain there for three to six years.
This has also forced the insurance companies to bump up their premiums resulting in the honest genuine people paying more whilst the frauds claim the extra cash. You can still save money on travel insurance by shopping around and comparing quotes.
By: Barry Loughran
Archive for November, 2009
Year-round Georgia RV Adventure Travel Ideas
November 24th, 2009
Whether the sun is shining, leaves are falling, or icicles are glistening, there’s an exciting RV trip to be had. Jaunts to the beach are fairly standard, but new RV and travel trailer enthusiasts often miss out on some unique adventures that are only possible during other times of the year.
Georgia RV dealers are a good place to start when you’re on the hunt for new destinations with your RV or travel trailer. They’re likely RV o » Read more: Year-round Georgia RV Adventure Travel Ideas
Backpacker Travel Insurance
November 23rd, 2009
Backpacker travel insurance is a special type of insurance just for backpackers who are going abroad. No you may wonder why you should get travelers insurance – it can be expensive right?
The cost of travelers insurance is worth every penny because when you travel abroad you don’t know what might happen. There are many adventures to be had, but also a lot of dangers too. It’s simply not very safe to travel abroad in many cases. There is risk of them, disease, environmental disasters, etc.
To cope with the element of risk you take, it’s important to get an adequate insurance plan for the duration of your travels. For the normal traveler, regular insurance should suffice. But if you are a backpacker, you will want to take out insurance specifically tailored to backpackers – i.e. backpacker insurance.
Travel insurance for backpackers will give you the safety and security of knowing that you are covered against any sort of disaster. You might be worried about the cost of backpacking insurance. The good news is that there are quite a few online insurance companies that offer cheap backpackers insurance. There is a lot of competition online for your business and insurance companies are forced to offer competitive rates if they want to have your business.
So if you want cheap travel protection for backpackers, it well worth your time to shop around online and compare the different travel insurance offers you spot.There are even special websites that will help you find insurance rate quotes. Compare the different offers and cherry pick the best ones. You should be able to find some very good deals.
By: David Jack Thomson
