A recent Squaremouth.com analysis showed that nearly all travelers buying coverage include that option. The COVID-19 pandemic crisis has had an astounding impact on the travel industry, including the trend toward purchasing trip cancellation insurance. Following the global lockdowns, purchased travel policies now nearly always include options to cancel. The analysis was conducted by Squaremouth.com. That firm reported that among all the travel policies it has sold for 2021, about 95 percent include trip cancellation insurance. “Trip cancellation has always been the primary driver of travel insurance purchases,” said Megan…
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Travel insurance is one of the most sought out after types of insurance online. Learn more about the different products available along with coverage information.
Travel insurance vs protection: Which one gives you the coverage your trip needs?
Understanding the difference between the two can help you to make the right choices. Whether you’re headed on vacation or a business trip, the travel insurance vs protection debate can seem like a confusing one. This is particularly true if you don’t know how they’re similar and what makes them difference. To start, it’s important to know that there is a difference between a policy and a plan. The difference between travel insurance vs protection is important enough that if you make a mistake, you may think you have coverage…
Read MoreTravel insurance coverage purchasing is on the rise among Americans
A Generali Global Assistance survey says 51 percent are now buying these policies. Generali Global Assistance (GGA) published its travel insurance coverage survey finds, showing that Americans are purchasing these policies more often when they head away from home. This, according to the Holiday/2021 Travel Sentiment Survey held from October 26 to November 5. The GGA travel insurance coverage survey involved the participation of 1,138 travelers in the United States. It asked about their upcoming plans and preferences for heading away. The findings showed that 74 percent who said that…
Read MoreMen buy more trip insurance but are also riskier travelers, survey
Berkshire Hathaway Travel Protection research shows that men are more willing to take travel chances. While men are more likely to purchase trip insurance before they travel, they’re also more inclined to take risks amid the COVID-19 pandemic crisis, found a Berkshire Hathaway Travel Protection survey. Women are more likely to comply with government safety and health guidance. The survey also showed that while women are less likely to buy trip insurance, their travel is less risky. They are more likely to follow government recommendations for health and safety. Moreover,…
Read MoreThe Essentials of Travel Insurance
When traveling, finding and buying insurance to cover yourself is a necessity. Understanding what travel insurance is, what you should be looking for in a good deal and how to find it is essential for getting the proper cover. What is travel insurance? Travel insurance can be bought for both domestic and international travel, and covers the loss of personal items, medical care and the cancellation and delay of trips. This type of insurance, like many, is risk based and the cost of it is calculated based on where you…
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