Contact Us
Make My Homepage

Are You Insured for Your Holiday Trip?

If you are planning a dream vacation or just a Labor Day getaway – you might want to think about getting travel insurance.

Vacation
Flickr User Sankara Subramanian

New Jersey Department of Banking and Insurance (DOBI) Commissioner Ken Kobylowski is offering some tips.

There are two primary types of travel insurance according to New Jersey Department of Banking and Insurance (DOBI). One is typically called trip cancellation insurance. It protects against the loss of non-refundable travel costs, such as airfare, hotel or tour expenses. The other type protects against a large expense due to medical emergencies, damage to personal property or death that occurs while you are traveling.

“Travel insurance generally covers a very specific list of reasons for cancellation, delay or interruption,” explains Ken Kobylowski, Commissioner of DOBI.  “Before consumers buy a policy they should make sure they have reviewed travel insurance policy conditions carefully.”

Beware Of Travel Insurance Fraud

Here are some of the red flags for fraudulent travel insurance policies according to DOBI:

  • The insurance is marketed with blast faxes, spam e-mails, Internet pop-ups or signs posted on telephone poles.
  • The company claims you can save hefty amounts on travel insurance.
  • The company uses high-pressure sales techniques with an extreme sense of urgency with lines like, “you must act now” or “this one-time offer.”

“Consumers should keep red flags in mind as warnings that some policies found online, from phone solicitations or through direct mail correspondence may possibly be fraud,” advised Kobylowski. “As I often say, if it seems too good to be true, it probably is.”

Travel insurance agents and companies must be licensed in the state where consumers buy the policy. While reviewing travel insurance benefits, you need to verify what state licenses the carrier.

 

 

 

Best of NJ 101.5

Recommended For You

Around the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to http://nj1015.com using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for New Jersey Insiders quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive New Jersey Insiders contests, events, coupons, presales, and much more delivered to you for FREE.