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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Not all travel insurance covers coronavirus risk, so check your policy

Travel insurance covers coronavirus - Person wearing mask

Americans with traveling plans may want to look at their coverage if they’re worried about an outbreak. If you’re headed away from home for a vacation or business purposes, it’s a good idea to check if your travel insurance covers coronavirus outbreak-related losses if you’re headed to a potentially affected area. China has implemented travel bans unlike anything that has been tried before in a number of its cities. The coronavirus outbreak couldn’t have come at a less convenient time in China. At the height of the Lunar New Year…

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Consumers seek hurricane travel insurance coverage for their vacations this season

Hurricane travel insurance coverage - Hurricane in Key West

After a few years of activity during the Atlantic storm season, travelers are looking into their options. The last few years have come with active Atlantic storm season, encouraging travelers this year to look into hurricane travel insurance coverage. Travelers are looking into the types of policy available and how much it will cost. The hurricane season runs from June through November every year. While some seasons see barely any storm activity at all, others are highly active. This year has already seen storms and Barry managed to make landfall…

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Travel insurance benefits may not be worth it, says Senator

Travel insurance benefits - airport

Senator Edward J. Markey from Massachusetts released a report casting doubt on the coverage. Democrat Senator Edward J. Markey of Massachusetts issued a new report focusing on travel insurance benefits and whether or not they hold value. In it, he examined the travel insurance industry as a whole within the United States. According to Senator Markey, travelers aren’t getting the coverage they think they are. According to Markey’s report, travelers from the United States “get much less coverage…than they are led to believe.” This conclusion was based on an investigation…

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Expedia now offers AIG travel insurance in new partnership

InsuranceBee and Hiscox launch insurance agent partner program

The insurer and the online travel booking site came to a deal to provide consumers with more options. American Insurance Group and Expedia have reached a deal that will sell AIG travel insurance on the popular website. On the insurance company’s side, the agreement was a part of a broader strategy. CEO Brian Duperreault is seeking to broaden the insurer’s each and grow its size. This new partnership with Expedia is actually the insurer’s second travel insurance deal five months. Two AIG travel insurance deals have been reached in under…

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Travel insurance company steps up to cover people affected by Trump’s ban

travel insurance - trump travel ban

AXA Insurance UK has promised to compensate customers for costs resulting from the “unprecedented” decision. A British travel insurance company called AXA Insurance UK has announced that it will cover costs resulting from President Trump’s “unprecedented and unforeseen” executive order. Trump placed a travel ban on Muslim residents of seven countries, barring them entry to the U.S. The executive order threw a wrench into the travel plans of thousands of people. Though this type of event is not technically covered by a travel insurance policy, AXA Insurance UK has said…

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Travel Insurance Awareness Day announced by Access America

US travel insurance and assistance leader, Access America, has announced the launch of Travel Insurance Awareness Day on September 7, 2011. In conjunction with this announcement it will be conducting an event among Orbitz.com customers to find out their top reasons for failing to purchase travel insurance. This event will become a prominent feature of the Orbitz.com website and will provide the site’s visitors with the opportunity to share in a total of $1,000 worth of gift cards when they enter their reasons. This awareness and promotion event is designed…

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