Trip cancellation insurance purchased in 95 percent of 2021 travel policies

Trip cancellation insurance - woman traveler

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 vs protection: Which one gives you the coverage your trip needs?

Travel insurance vs protection - person with luggage at airport

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…

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Travel insurance coverage may not extend to mental health

Travel Insurance doesn't cover mental health

Many vacationers purchase a policy in case of a medical emergency, but not all forms are covered. Travel insurance can be a very important way for people to protect themselves against the financial losses associated with the unexpected, whether that be the sudden need to cancel a trip at the last moment or requiring urgent medical assistance while away from home. However, these policyholders are starting to discover that mental health is typically not covered. One of the most important types of coverage that a travel insurance policy provides is…

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Understanding different types of insurance and their need in emergency

Different types of Insurance

Insurance is a vital constituent of financial safety for any person. As time goes by, individuals start thinking about different ways that they may employ to save their hard earned cash – insurance policies being the most common among them. Insurance provides several benefits, based on the type that is purchased. Life insurance, health insurance, auto insurance and homeowners insurance are some of the common varieties of insurance policies. Insurance certainly serves different purposes and offers benefits for individuals as well as businesses. While a lot of people buy insurance…

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