Millennials and Gen Z are buying travel insurance for their trips

Travel insurance - person on hammok on beach looking at phone

Those generations are notably more willing to purchase coverage than those older than them. Even in the face of inflation, Millennials and Gen Z are headed away on vacation and they are purchasing travel insurance to make sure that what they spend is covered against the unexpected. These two generations are far more willing to pay more to protect their vacation investments. Across all generations, 73 percent of people are willing to pay for travel insurance or refundable booking options for their trips, according to a recent report by the…

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What is the Silent Generation?

Silent Generation - Seniors

While Boomers, Millennials and Gen Z are regularly in the spotlight, this group is often overlooked. The Silent Generation is a term referring to people who were born between the years 1925 and 1945. Though they’re not in the spotlight as often as other age groups, they have defined needs and preferences in how they are served by the insurance industry. As popular as technology is, this group is less inclined to use it to obtain the services they require. The Silent Generation is among the least inclined to use…

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Homeowners insurance companies impacted by late home buying trend from Millennials

Homeowners insurance - buyers

The change in trends between generations is leading to challenges for coverage providers. The results of new research have found that Millennials and the youngest of the Gen X generation have experienced substantial delays in buying homes, and this trend is affecting homeowners insurance companies. This trend has been made only worse by the trends in out-of-state migration from those same generations. Those trends toward migrations out of state are driven in part by the COVID-19 pandemic. That behavior is posing a risk to homeowners insurance companies. These, among other…

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What Gen Z Should Keep In Mind When It Comes to Insurance

Navigating the murky world of insurance can be intimidating at best. However, when you’re a member of Gen Z and you’re still trying to figure out the whole “adulting” thing, trying to figure out which types of insurance you need and how to get it can feel downright paralyzing.  The good news is that getting insured is probably not as complicated as you think. You just need to know how to figure out what policies are right for you. Life Insurance It can be hard to think about your own…

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