Travel insurance coverage purchasing is on the rise among Americans

travel insurance coverage - trip details

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…

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Americans more likely to buy travel insurance than they were pre-pandemic

Buy Travel Insurance - person waiting in airport

This crisis has drawn attention to the reality of risk and unexpected events that can suddenly occur. About 45 percent of Americans are likely to buy travel insurance to cover future trips as movement is introduced once more, according to a recent NerdWallet survey. The survey involved the participation of 2,000 adults across the United States. The research was designed to help better understand the impact of the COVID-19 pandemic crisis on the financial habits of Americans. What it found was that there was a greater likelihood that Americans would…

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Why Travel Insurance Claims Get Denied

You’ve planned it all out. Your cousin, Ruby, is looking after your cat. The guy next-door is collecting your mail and watering your plants. And, your travel insurance will help out with any unforeseen circumstances you might experience during your vacation in sunny paradise. Right? Wrong. Your travel insurance policy may not cover as much as you believe. Yes, a huge number of claims are denied each year and here are some of the most common reasons. The Pre-existing Condition If you’ve changed your medication lately or your spouse has…

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A Streamlined Way to Settle on Travel Insurance

Travel Insurance is something that globetrotters often overlook as an intricate part of their travel experience. While there are without a doubt certain getaways that don’t require top notch coverage, there are definitely those that do. Travel insurance, if you can match your resources with a viable option, is something to consider if you’re travelling with any risk attached to your baggage. Below are some objective and straightforward ways to determine what travel insurance, if any, is necessary for you on the vacation you’re planning. 1. Determine the associated risk…

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Business Travelers Refuse Trips to Risky Locations, Chubb Survey Finds

Nearly half of people surveyed would refuse to go on a business trip to a location they consider dangerous unless their employer provided them with emergency medical and other services, according to a survey by the Chubb Group of Insurance Companies. Twenty-three percent of business travelers indicated that they would refuse to go on the business trip; 21% said they go but would refuse to go on the next trip; and 14% would go but look for a new job after returning. Many employees, however, said they would take the…

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Travel Insured International releases new product for corporate travelers

Top privately owned provider of travel insurance, Travel Insured International, has launched a new option geared toward providing coverage to corporate travelers. The new product is called the Corporate Travel Protector and it is designed to provide coverage for medical evacuation, emergency medical, and travel delay expenses, and is being sold at a reduced rate when compared to traditional trip cancellation plans. This particular product was created to make sure that even if the corporate travel manager decides not to buy coverage for the full company, it is still possible…

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Will travel insurance provide coverage for catastrophes such as that faced by Costa Concordia passengers?

When booking a vacation, many people wonder whether or not it is truly worth the added expense to purchase a travel insurance package, and whether or not it will cover them in case of a disaster such as what occurred on the Costa Concordia. Cruise passengers did indeed benefit from their protection when they were evacuated from the ship. While they waited for Costa Cruise Lines to provide their assistance, those who had purchased travel insurance were already served by the insurers who relayed messages back to the loved ones…

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