Travel Guard Canada Travel Insurance

Travel Guard Canada is a sister company of Travel Guard that also provides travel insurance plans, covering Canadian travelers worldwide. Travel Guard Canada travel insurance plans offer coverage for emergency medical and health expenses, vacation and trip cancellation, travel interruption and delays, lost baggage and more.

In 2008, Travel Guard Canada launched The Savvy Traveller to provide Canadians with a resource tool to provide travel tips, resources, news articles and other travel information. In 2009, SavvyTraveller.com was awarded the bronze CPRS (Canadian Public Relations Society of Toronto) ACE Award for, "Best Use of Communication Tools."

The Travel Guard Travel Insurance Company

Travel Guard is a North American travel insurance provider. It specializes in providing travel insurance, assistance and emergency travel service plans.

The History

In 1982 John Noel developed the Travel Guard product while he was working at Sentry Insurance. Soon, John purchased the rights to Travel Guard and by 1985 Travel Guard was operating out of the basement of its founder’s home. The company acquired Marathon Travel Shops in 1987. Then, in 1991, the Travel Guard was acquired by French-based GMF, but Noel reacquired the company in 1993. In 2000, Noel, David Lafayette and Nathan Lafayette created Travel Guard-Canada to offer travel insurance and travel services to Canadians. In May 2006, New York based American International Companies, Inc. (AIG) acquired Travel Guard. Travel Guard remains based in Stevens Point, Wisconsin with a new CEO, Dean Sivley, to serve as the company’s Chief Executive Officer. In July of 2009, Travel Guard moved to its new home in a business park located off I-39 in Stevens Point.

Travel Guard is headquartered in Stevens Point, Wisconsin with worldwide assistance centers in Houston, TX; Fort Lauderdale, FL; Toronto, Canada; Madison, WI; the United Kingdom and Buenos Aires.

What Seven Corners Inc. Travel Insurance Offers?

Seven Corners offers a variety of travel medical insurance policies designed to protect domestic and international travelers from unexpected medical conditions arising while overseas. It also provides health coverage for international citizens traveling to the United States for business, pleasure, education or to immigrate.

Seven Corners also offers medical tourism insurance for persons traveling outside his or her home country to obtain health care services. The plan provides worldwide emergency medical evacuation and repatriation and covers any complications resulting from the procedure that arise after the patient returns home. In addition, the plan protects the patient and a companion against unexpected illness or accidental injury unrelated to the scheduled medical procedure and any non-refundable travel expenses in the event of a cancellation.

Seven Corners also offers insurance policies protecting domestic and international travelers against trip cancellation and interruption; airline delays and bankruptcies; lost tickets/luggage; emergency medical evacuation/repatriation; and other incidental coverage and services.

The History of the Seven Corners Inc. Travel Insurance

Seven Corners was founded in 1993 as Specialty Risk International Inc. (SRI), specializing in travel medical insurance programs. As the business grew, it expanded its product line to include trip insurance and 24-hour worldwide assistance services and claims processing. The company changed names in 2007 to Seven Corners Inc.

Today Seven Corners has relationships with several A.M. Best, A-rated insurance carriers including Virginia Surety Company, Inc.; The Insurance Company of the State of Pennsylvania, American International Group (AIG); Nationwide Mutual Insurance Company; Certain Underwriters of Lloyd's of London; and Fairmont Specialty Group, a division of Crum & Forster.

In 2007 Seven Corners processed $100+ million in claims and responded to 15,000+ policy-holder inquiries each month. From 2007 to 2008, the company experienced a 20 percent rate of growth in travel medical insurance policies.

The Seven Corners Inc. Travel Insurance Corporation

Seven Corners Inc. is a privately held American insurance corporation. Its $5 million global corporate headquarters are located in Carmel, Indiana, just north of Indianapolis. Seven Corners serves business, government, leisure, student, and missionary/volunteer travelers and provides international medical and travel insurance policies to U.S. citizens traveling out of the country and to foreign nationals visiting the United States. The company maintains a network of international health care providers—including thousands of doctors, pharmacies and hospitals worldwide—and more than 30,000 agents.

Seven Corners is a member of the United States Travel Insurance Association, is certified by the General Services Administration (GSA), and currently is pursuing a SAS 70 Type II compliant designation.

A Travel Insurance

Travel Insurance is insurance that is intended to cover medical expenses and financial (such as money invested in nonrefundable pre-payments) and other losses incurred while traveling, either within one's own country, or internationally.

Temporary travel insurance can usually be arranged at the time of the booking of a trip to cover exactly the duration of that trip, or a more extensive, continuous insurance can be purchased from travel insurance companies, travel agents or directly from travel suppliers such as cruiselines or tour operators. However, travel insurance purchased from travel suppliers tends to be less inclusive than insurance offered by insurance companies.

Travel insurance often offers coverage for a variety of travelers. Student travel, business travel, leisure travel, adventure travel, cruise travel, and international travel are all various options that can be insured.

The most common risks that are covered by travel insurance are:

• Medical expenses
• Emergency evacuation/repatriation
• Trip cancellation/interruption
• Accidental death, injury or disablement benefit
• Overseas funeral expenses
• Curtailment
• Delayed departure
• Loss, theft or damage to personal possessions and money (including travel documents)
• Delayed baggage (and emergency replacement of essential items)
• Legal assistance
• Personal liability and rental car damage excess

Some travel policies will also provide cover for additional costs, although these vary widely between providers.

In addition, often separate insurance can be purchased for specific costs such as:

• pre-existing medical conditions (e.g. asthma, diabetes)
• sports with an element of risk (e.g. skiing, scuba-diving)
• travel to high risk countries (e.g. due to war or natural disasters or acts of terrorism)

Common Exclusions:

• pre-existing medical conditions
• war or terrorism - but some plans may cover this risk
• injury or illness caused by alcohol or drug use

Usually, the insurers cover pregnancy related expenses, if the travel occurs within the first trimester. After that, insurance coverage varies from insurer to insurer.

Travel insurance can also provide helpful services, often 24 hours a day, 7 days a week that can include concierge services and emergency travel assistance.

Typically travel insurance for the duration of a journey costs approximately 5-7% of the cost of the trip.

Car Insurance Policy in different countries

Since 1939 it is compulsory to have third party personal insurance before keeping a motor vehicle in all federal states of Germany. Besides, every vehicle owner is free to take out a comprehensive insurance policy. All types of car insurances are provided by several private insurers. The amount of insurance contribution is determined by several criteria, like the region, the type of car or the personal way of driving.

Third-party vehicle insurance is mandatory for all vehicles in Hungary. No exemption is possible by money deposit. The premium covers all damage up to HUF 500M (about €1.8M) per accident without deductible. The coverage is extended to HUF 500M (about €4.5M) in case of personal injuries. Vehicle insurance policies from all EU-countries and some non-EU countries are valid in Hungary based on bilateral or multilateral agreements. Visitors with vehicle insurance not covered by such agreements are required to buy a monthly, renewable policy at the border.

Romanian law mandates Răspundere Auto Civilă, a motor-vehicle liability insurance for all vehicle owners to cover damages to third parties.

South Africa allocates a percentage of the money from gasoline into the Road Accidents Fund, which goes towards compensating third parties in accidents.