More Americans Protecting Their Vacation Investments With Travel Insurance
As international travel grows in popularity, Americans are choosing to protect their vacation investments by purchasing travel insurance. According to a recent
"More than 30 million family travelers will visit an international destination this year, 9 percent more than just two years ago," said
After the cost of their trip (70 percent), the leading influencers for travelers deciding whether to purchase travel insurance are: personal or family health concerns (69 percent); how far in advance the trip is booked (61 percent); and recommendations to purchase insurance by friends or family (57 percent).
"With more and more Americans heading overseas for their vacations, many are adding insurance to their travel to-do list as well," said
In addition to the information collected in the survey,
"Nothing can ruin a vacation like getting sick," Stark continued. "Travel insurance can provide you with peace of mind - especially when travel outside
"The relatively small upfront cost of travel insurance can pay back dividends in the event of sudden and unforeseen circumstances before or during a vacation. As policies and coverage options vary, travelers should consult a knowledgeable travel agent to explore their travel insurance options," continued Sutherland.
* You landed, your bags didn't. Airlines mishandled more than 22 million bags in 2017. Travel insurance can provide coverage to replace needed items if luggage is delayed, damaged or stolen.
* Sick happens. Insurance may help cover medical expenses while traveling, internationally and in
* Health insurance. Most health insurance policies don't cover international travel. Travel insurance can help cover medical expenses and costly medical evacuation back to
* Flight delays and cancellations. Airlines may not cover all the costs associated with a delayed or cancelled flight. Travel insurance can help reimburse expenses such as rebooking fees, meals and accommodations.
* Economic uncertainties. The loss of a job or other income may mean having to postpone a trip planned in advance. Travel insurance can help travelers recoup their costs when funds are tight.
"It is not the airline's responsibility to cover costs associated with delayed flights or refund money due to missed connections, said Stark. "Travel insurance can reimburse you for costs associated with these, including rebooking fees, meals and accommodations."
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