Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Reminder to check for excluded events for insurance

With the busy late-winter travel period getting underway, ICNZ is reminding all travellers that the best time to sort their travel insurance is when they book their tickets - and to make sure they know what they’re covered for when they buy it.

Travel insurance doesn’t just cover you for things that happen on your trip; it also covers you for things that happen before you leave that could affect your trip - like flight disruptions or illnesses -- but it can only do this if you’ve bought it before you know those disruptions are likely to occur.

Tim Grafton explains: "Say you book a trip in May and in June a volcano begins erupting near the city you’re travelling to. Hearing about this on the news, you decide to buy travel insurance. Because the eruption was a known event when you bought your insurance, your new policy won’t cover you for disruptions caused by it. You’re still covered for medical issues, theft of your possessions while you’re away, and all the other important things travel insurance covers you for. But you’re not covered for anything caused by the volcano."

"To help travellers know what events become excluded from time to time, such as volcanos or storms, travel insurers publish travel advisories on their websites," said Grafton. "These advisories explain what’s not covered, from what date, and which policies are affected."

ICNZ also posts general travel advisories on its Facebook page.

"We recommend travellers check their chosen insurer’s website for travel advisories before buying cover to make sure they know of any event exclusions in advance. And remember: the earlier you buy your insurance, the more likely it is you’ll be covered if things go wrong."

If a travel advisory is released after a traveller has purchased their insurance, the event exclusion is unlikely to apply to them.

"The advisory will explain which policies are affected but if you have any questions, we recommend you contact your insurer," said Grafton.


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Motor Industry Association: 2020 New Vehicle Registrations Suffer From Covid-19

Chief Executive David Crawford says that like some other sectors of the New Zealand economy, the new vehicle sector suffered from a case of Covid-19. Confirmed figures for December 2020 show registrations of 8,383 were 25% ... More>>

CTU 2021 Work Life Survey: COVID And Bullying Hit Workplaces Hard, Huge Support For Increased Sick Leave

New data from the CTU’s annual work life survey shows a snapshot of working people’s experiences and outlook heading out of 2020 and into the new year. Concerningly 42% of respondents cite workplace bullying as an issue in their workplace - a number ... More>>

Smelter: Tiwai Deal Gives Time For Managed Transition

Today’s deal between Meridian and Rio Tinto for the Tiwai smelter to remain open another four years provides time for a managed transition for Southland. “The deal provides welcome certainty to the Southland community by protecting jobs and incomes as the region plans for the future. The Government is committed to working on a managed transition with the local community,” Grant Robertson said. More>>

ALSO:

OECD: Area Employment Rate Rose By 1.9 Percentage Points In The Third Quarter Of 2020

OECD area employment rate rose by 1.9 percentage points in the third quarter of 2020, but remained 2.5 percentage points below its pre-pandemic level The OECD area [1] employment rate – the share of the working-age population with jobs – rose ... More>>

Economy: Strong Job Ad Performance In Quarter Four

SEEK Quarterly Employment Report data shows a positive q/q performance with a 19% national growth in jobs advertised during Q4 2020, which includes October, November and December. Comparing quarter 4, 2020, with the same quarter in 2019 shows that job ad volumes are 7% lower...More>>

NIWA: 2020 - NZ’s 7th-warmest Year On Record

The nationwide average temperature for 2020, calculated using stations in NIWA’s seven-station temperature series which began in 1909, was 13.24°C (0.63°C above the 1981–2010 annual average). New Zealand’s hottest year on record remains 2016, when... More>>

Quotable Value New Zealand: Property Market Set To Cool From Sizzling To Warm In 2021

Nostradamus himself could not have predicted the strange series of events that befell our world in 2020 – nor the wild trajectory of New Zealand’s property market, which has gone from “doom and gloom” to “boom and Zoom” in record time. Even ... More>>