Trip Assured’s legal troubles continue
From the Tennessean.com, another update about Trip Assured and their legal trouble. If you have not followed the story, Trip Assured is a Tennessee company that sells “travel protection”, but does not have an insurance license.
The company’s owner claims they do not sell insurance, and therefore do not need an insurance license. Looking at their website and brochures, you will notice they do not use the word insurance anywhere. It would be interesting to hear Trip Assured explain the difference between their “travel protection” products and actual travel insurance products.
Lawsuits filed for denied claims
They have also fielded numerous complaints, especially from senior citizens, regarding unreasonably denied claims. Several lawsuits are pending, including a newly filed federal lawsuit.
Find a reputable company for trip insurance
We all look for reputable companies when shopping. This is especially important with travel insurance, where large financial losses and even your health are at stake.
Comparison sites are a great place to browse different plans, and they list reputable companies and productsÂ (seeÂ How to Compare Quotes with a Travel Insurance Comparison Site)
These tend to be the same companies that show up in Google for “travel insurance”. They have been around a long time and have insured millions of travelers.
Look for A.M.Best ratings for travel insurance companies
A.M.Best is a resource that rates insurance companies. By visiting their site and looking up different travel insurance providers, you can be assured of using a reputable source.