Tag: travel insurance study

Travel insurance remains important protection as summer proves rocky for travelers

G. Turner
Travel insurance - Summer trips

Despite the fact that people were far more likely to book trips, barriers still stood in their way. This summer was meant to be the return of regular trips and dream vacations, but still proved to be a time in which travel insurance continued to play a central role in protecting travelers from unexpected financial losses. Sudden demand increases, severe storms and understaffed airlines and airports threw a wrench in many plans. Even though people were more determined to take a vacation than they have been since 2019, they faced…

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

H. Cutner
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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Travel insurance isn’t always practical, says National Consumers League

H. Cutner
Travel Insurance

The group has released a statement that the protection does not always make sense. According to the National Consumers League, a group that has been in existence for 114 years, the way that the industry functions has designed travel insurance in a way that it is typically not a good deal for travelers. They have pointed out that there are far too many exceptions to make the coverage worthwhile for most people. The consumer group has pointed out that travel insurance policies are filled with different kinds of exceptions that…

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Travel insurance purchased by only half of vacationers

G. Turner
Medical Travel Insurance

The results of a recent study have shown that travelers are not purchasing medical coverage before they leave. According to the results of a recent study on summer vacations, only half of Canadians who head out of the country during the summer purchase travel insurance to cover themselves in case of a medical emergency. This includes those who are headed to the United States or abroad on their vacations. The travel insurance study was conducted by BMO Insurance. What it determined was that among the 83 percent of Canadians who…

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Travel insurance purchased by only half of Canadians

Julie Campbell
Travel Insurance

A new study has shown that only about fifty percent of travelers from the country buy a policy. A new study conducted by BMO has just revealed that while 83 percent of Canadians plan to go away on vacation at some point between May and October 2013, only half have intentions to purchase travel insurance to cover them while they are not at home. The survey examined a number of different habits of Canadians while they are away from home. For example, the average Canadian traveler intends to spend $3,073…

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