Tag: Insurance

She canceled a trip because of COVID-19. It took 9 months to get a travel insurance refund.

Maribeth Flatley of Elizabeth was looking forward to a trip that was supposed to happen in May.

It was a 21-day tour of Scandinavia, starting off in Copenhagen, Denmark, then weaving through Sweden and Finland, and ending up in Oslo, Norway.

“I always wanted to visit this part of the world,” she said.

Flatley, 71, who uses a cane and an inhaler, took travel insurance to cover the nearly $10,000 trip, and she put the charge on her Wells Fargo credit card.

Then the coronavirus pandemic happened.

“Due to ill health, my doctor said I could not travel,” Flatley said. “I canceled the trip.”

Fortunately, Flatley had purchased travel insurance. The tour company ultimately canceled the trip, but Flatley would have gotten a credit for future travel, not a refund.

On March 26, she sent a cancelation notice to Aon, the travel insurance company. The company sent back a form for Flatley’s doctor to complete.

She gave it to her doctor, and then she waited.

When nothing happened by June, she asked Wells Fargo about the charge. Wells decided to put the charge in dispute, but when a credit showed on her statement, Flatley thought it was a refund through Aon.

But that was incorrect. Flatley didn’t realize it at the time, but the money showing in the account was a provisional credit from Wells Fargo as it investigated the dispute.

Later that month, Aon asked for another doctor’s letter, she said. They sent it in.

Over the next several months, Flatley stayed in touch with Wells Fargo about the money. No one gave her answers.

On Aug. 19, Flatley said, a representative from Wells Fargo said the case was escalated.

“He said this has gone on too long,” Flatley said.

But nothing was escalated except for the red tape.

In September, Aon asked once again for additional medical information from Flatley’s doctor.

“The doctor said he sent them information three times,” she said.

In October, the charge remained in dispute, but no one could from Wells could give Flatley an update, she said.

On Oct. 7, I spoke to a manager at the Wells Fargo, who spent an hour-and-a-half on the phone trying to help me, Flatley said. He said I would get a letter in three days. It never happened,” she added.

A week later, the manager suggested she call the number on the credit card, she said.

So she did. She was transferred to several people and was finally told an “advocate” would call her back.

That didn’t happen, either.

The phone calls continued, and finally, in October, Flatley received an email from a Wells Fargo representative who said she needed two weeks to do further research.

Tired of waiting, Flatley asked Bamboozled for help.

PAYING UP

We reviewed Flatley’s timeline, credit card statements and other documents, and we reached out to Wells Fargo and Aon for help.

Wells Fargo said it would review the case, but it didn’t report any updates back to us.

But Aon

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Travel Insurance During Coronavirus Pandemic: What To Know

“It was a pretty quick and nimble reaction,” Mr. Sandberg of TravelInsurance.com said.

Normally, travel insurance varies by factors including the age of the traveler, destination, trip length and cost (most range from 4 to 10 percent of the trip cost). But some destinations are providing it at a flat fee, with most policies spelling out coverage limits and terms for emergency medical services, evacuation and costs associated with quarantines.

Jamaica, which will require insurance, but has not said when the new rule will go into effect, plans to charge $40 for each traveler. The Bahamas will include the insurance in the cost of its Travel Health Visa, an application that requires negative Covid-19 test results, which runs $40 to $60 depending on length of stay (free for children 10 and younger). The Turks and Caicos is offering a policy for $9.80 a day, and Costa Rica’s policies, if purchased locally, cost roughly $10 a day.

Expect this list of destinations to grow. In January, the Spanish region of Andalusia plans to require travel medical insurance and is working on finding a provider to make it easy for travelers to buy it.

Policies that cover Covid-19 as a medical event that may cause trip cancellation or disruption, or those that provide coverage for medical treatment and evacuation still don’t necessarily cover travelers who have a change of heart when they learn they will have to quarantine upon arrival, even if they don’t have the virus. Nor are policies necessarily tied to conditions on the ground, like a spike in infections, State Department travel warnings, a government travel ban or the cessation of flights to and from a destination.

For those events, there’s Cancel For Any Reason, or CFAR, an upgrade to plans that generally only returns 50 to 75 percent of your nonrefundable trip costs.

“Prior to the pandemic, we wouldn’t necessarily recommend CFAR because most of travelers’ concerns were covered by standard plans,” Ms. Barto of Squaremouth.com said. “It’s about 40 percent more expensive and we didn’t want travelers to pay for additional coverage.” Now, she added, there’s been a surge in interest in the upgrade, including in 22 percent of policies sold at the site since mid-March.

Industry experts predict some of these outstanding issues may work their way into policies of the future as they adapt to enduring realities, much as they did after 9/11 in covering travelers in case of terrorist events, which was not the norm before.

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Travel Insurance Sales Rocket As Americans Ignore COVID Advice for Thanksgiving

An unlikely boom is happening in the U.S. travel insurance industry as people seeking holiday cheer are paying against the odds to protect their Thanksgiving trips.



a person standing in front of a window: A warning for travelers flying during the pandemic is posted at O'Hare International Airport on November 24, 2020 in Chicago, Illinois. Despite airports expecting fewer than half the number of travelers from last year's Thanksgiving holiday, this is still expected to be the busiest travel period since March when the COVID-19 pandemic became widespread in the United States.


© Scott Olson/Getty Images
A warning for travelers flying during the pandemic is posted at O’Hare International Airport on November 24, 2020 in Chicago, Illinois. Despite airports expecting fewer than half the number of travelers from last year’s Thanksgiving holiday, this is still expected to be the busiest travel period since March when the COVID-19 pandemic became widespread in the United States.

Data from insurance comparison website Squaremouth published by Reuters showed a 170 percent jump, compared with the same period in 2019, in the number of insurance plans bought for U.S. domestic Thanksgiving trips.

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Although overall numbers of travelers were down by around half from a year ago, in excess of 3 million people passed through U.S. airports over the weekend.

Squaremouth said the number of people seeking cover had increased 26 percent on last year.

The volume of people travellng runs at odds with advice from public health professionals. Dr. Anthony Fauci, the country’s top infectious diseases expert, told CBS News that people traveling for the holidays “are going to get us into even more trouble than we’re in right now”.

The U.S. has hit almost 13 million coronavirus cases to date, and with a second wave threatening to overwhelm health services, daily death tolls have hit their highest levels since early May.

The Squaremouth data, which is based on all travel insurance policies purchased on its website between March 12 and November 9, said among those searching for cover, 40 percent of all Thanksgiving travelers specifically looked for COVID-19 cover. In previous years primary concerns were weather and financial defaults.

The data comes alongside a poll showing that people living in states which voted for President Donald Trump in the election are on average more likely to dismiss COVD-19 guidelines and celebrate Thanksgiving with people from outside their households, according to a survey.

A poll conducted by data and survey firm Dynata at the request of The New York Times found that Louisiana and Oklahoma are the top two states where people said they intend on mixing households over the holiday period, with 35 percent stating they will. South Carolina was third on 34 percent.

The results found that the entire top 10 states in which people are more likely to eat Thanksgiving dinner with those outside their own household all voted for Trump. Alabama, Tennessee, and Indiana are fourth, fifth and sixth respectively, followed by Iowa, Missouri, North Carolina and Kansas.

Although worrying in terms of public health, greater willingness to travel could be a bright spot for one sector. The numbers suggest a change in mood in the travel market, as widespread lockdowns have caused a dearth in demand for both domestic flights and foreign holidays.

Data released this week by the International Air Transport Association (IATA) shows the airlines sector has suffered a $118 billion net

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Catch-all travel insurance booms as U.S. flyers take Thanksgiving risks

By Noor Zainab Hussain



FILE PHOTO: Passengers depart Hartsfield–Jackson Atlanta International Airport ahead of the Thanksgiving holiday


© Reuters/CHRISTOPHER ALUKA BERRY
FILE PHOTO: Passengers depart Hartsfield–Jackson Atlanta International Airport ahead of the Thanksgiving holiday

(Reuters) – U.S. websites have seen a surge in travelers seeking expensive ironclad insurance this Thanksgiving, as Americans desperate to break the monotony of a year spent at home look to cover themselves against coronavirus-related risks.

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Data from insurance comparison website Squaremouth on Tuesday showed the number of insurance policies purchased for U.S. domestic trips over the upcoming holiday was up 170%, compared to the same period of 2019.

Some 40% of all Thanksgiving travelers specifically searched for coronavirus cover, replacing top concerns from previous years, such as weather and financial defaults, and spurring a rise in the overall cost of cover.

“Cancel-for-any-reason” policies, which typically allow cancellations up until two days before departure and a 75% reimbursement, cost up to 40% more than a regular policy.

“It’s just gotten to a point I think people are tired of being stuck at home and they’re looking to get away and go somewhere,” said Jeremy Murchland, president of U.S. travel insurer Seven Corners.

More than 3 million passengers passed through U.S. airports over the weekend, discarding advice from the Centers for Disease Control and Prevention to stay at home as coronavirus infections reached daily records.

Overall traveler numbers are still down 60% from a year ago, but Squaremouth, one of the country’s main insurance price aggregators, said its data suggested that the total number of travelers seeking cover was up 26% year-on-year.

The data from Squaremouth is based on all travel insurance policies purchased on its website between March 12 and Nov. 9 for travel over the week of Thanksgiving.

With trips to popular European destinations effectively banned, and the risks of quarantine and other curbs weighing on travelers’ decision making, overall requests for cover to foreign locales were lower than those for domestic trips.

Those for the Bahamas and Costa Rica were down by just over half. Requests for insurance for trips to Mexico, however, were down just 23% year-on-year, and for the Turks and Caicos islands, just off Haiti, where luxury hotels are guaranteeing COVID-19-secure bubbles, they are up more than 500%.

For those traveling outside the United States, a travel insurance policy that also has medical cover for COVID-19 will cover medical treatment that a normal healthcare policy would not, as well as potentially medical evacuation.

Courtney Glass, a California-based stage actress, is insuring a trip with her parents to Guatemala to rendezvous with her sister and newborn niece Madi.

“Madi arrived right as the virus did. She’s crawling and trying to talk now and we just don’t want to miss any more of this time,” she said.

“If we don’t go now, we probably won’t go until after the holidays. And potentially, not until after the vaccine that everybody’s talking about is distributed.”

(Reporting by Noor Zainab Hussain in Bengaluru; Additional reporting by Suzanne Barlyn in Washington Crossing, Penn; Editing by Patrick Graham and

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The best travel insurance options for digital nomads

Travel insurance can safeguard your nonrefundable reservations and reimburse you for any unexpected emergency medical costs that you incur while traveling. However, the travel insurance needs of those taking several short vacations a year will vary from those of digital nomads, who may spend significant portions of the year living and working from abroad.

Digital nomads may also return home less often, travel with equipment (e.g., laptop, camera, etc.), participate in adventurous activities and be less concerned with health care coverage if they are traveling to a country with inexpensive medical costs.

Given the prevalence of remote work and increasing options to live and work from abroad, here you’ll find some of the most popular travel insurance options for digital nomads.

World Nomads

World Nomads is a travel insurance provider that offers coverage for residents of many countries and allows you to extend your coverage mid-trip. It is underwritten by Nationwide Insurance. Importantly, the provider does not have a pandemic exclusion, so COVID-related claims are covered. However, World Nomads specifically states that fear of travel is not a valid reason for trip cancellation. So if you’d like the option to cancel a trip at your discretion, you’ll want to consider plans that offer Cancel For Any Reason coverage.

There are two trip insurance policies available from World Nomads: Standard and Explorer. The Standard Plan has lower coverage limits and includes more than 200 sports (including some adventure sports), while the Explorer Plan adds on 60 other activities and sports, including more dangerous ones such as shark cage diving, skydiving and paragliding.

Also see: Countries that will give you a remote-work visa, and how to get to them

The inclusion of athletic activities in both World Nomads plans is unique, since most traditional travel insurance plans exclude them.

Here’s a list of what’s included with World of Nomads coverage:

  • Trip cancellation, interruption and delay.
  • Emergency medical expenses, evacuation, repatriation and 24-hour assistance services.
  • Accidental death and dismemberment.
  • Nonmedical emergency transportation.
  • Baggage delay and loss.
  • Rental car damage (Explorer Plan only).
  • Adventure sports and activities.

And here are a few items of note that are excluded (not a comprehensive list):

  • Pre-existing conditions.
  • War.
  • Self-harm or accidents occurring while intoxicated.

To see how World Nomads compares to other travel insurance providers, we considered a sample two-month trip to Italy by a 32-year-old resident of New York.

How World Nomads compares to other travel insurance providers.

Due to the lower limits and less coverage for adventure activities, the World Nomads Standard Plan is priced at $221, which is meaningfully cheaper than the $341 Explorer Plan. It’s important to note that if your nonrefundable prepaid trip costs are more than $2,500, the Standard Plan will cover you only up to $2,500 on trip cancellation. In this case, you’d want to consider the pricier Explorer Plan, which provides coverage up to $10,000 on trip cancellation.

A search on insurance comparison site Squaremouth revealed a range of plans from other providers priced between $105 and $406 based

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Travel Insurance Market Size to Reach USD 39.3 Billion by 2027 | CAGR of 17.4%

BANGALORE, India, Nov. 4, 2020 /PRNewswire/ — A New Travel Insurance Market Research Report published on Valuates Reports in Insurance category.  The report contains segmentation By Insurance Cover (Single-Trip Travel Insurance, Annual Multi-Trip Travel Insurance, and Long-Stay Travel Insurance), Distribution Channel (Insurance Intermediaries, Insurance Companies, Banks, Insurance Brokers, and Insurance Aggregators), and End User (Senior Citizens, Education Travelers, Business Travelers, Family Travelers, and Others). It also covers Global Opportunity Analysis and Industry Forecast to 2027.

The global travel insurance market size was valued at USD 19.2 Billion in 2019 and is projected to reach USD 39.3 Billion by 2027, growing at a CAGR of 17.4% from 2020 to 2027.

The major factor driving the growth of the travel insurance market size is increased tourism due to the rise in disposable income, easy online travel bookings, package holidays, comprehensive holiday coverage, and others.

The report focuses on the growth prospects, restraints, and trends of the travel insurance market analysis. The study provides Porter’s five forces analysis to understand the impact of various factors such as suppliers’ bargaining power, competitive intensity of competitors, the threat of new entrants, the threat of substitutes, and buyers’ bargaining power on the travel insurance market.

Request a Sample Copy of the Report For COVID-19 Impact Analysis on Travel Insurance Market: https://reports.valuates.com/request/sample/ALLI-Auto-3P113/Travel_Insurance_Market

TRENDS INFLUENCING THE TRAVEL INSURANCE MARKET SIZE

Increased tourism has resulted in many incidents, such as cancellations of flights, loss of baggage & essential documents, and medical emergencies. To mitigate these risks, consumers are opting for travel insurance, which in turn is driving the travel insurance market size. 

The growing globalization has reinforced the travel industry. This, in turn, is expected to be the key driver for the growth of the travel insurance market size. The aging population buys the most travel insurance, especially foreign vacations, which boosts the travel insurance industry’s revenue. 

The growth of the travel insurance market size is driven by convenient options for travel insurance purchases through online comparison-shopping websites such as direct airline sites and online travel agencies (OTAs), and others. 

With the support of technologies such as geo-location, application program interface (API), artificial intelligence ( AI), data analytics, and global positioning system ( GPS), among others, insurers are expected to improve existing travel insurance distribution networks. As a result, these trends are expected to generate prospects for the travel insurance industry in the coming years.

View Report Details Before Purchasing

TRAVEL INSURANCE MARKET SHARE ANALYSIS

Europe is expected to hold the largest travel insurance market share during the forecast period. In order to reduce the risk associated with the rise in tourist traffic, higher incidences of baggage loss, essential documents, medical emergencies and natural disasters, more travelers are purchasing travel insurance in the European region. 

On the other hand, Asia Pacific is expected to grow rapidly during the forecast period. Due to the rise in the number of senior citizens traveling and an increase in business travel spending, As travel has become an accepted feature of academic, business

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Squaremouth Launches battleface as its Newest Travel Insurance Provider

ST. PETERSBURG, Fla., Oct. 27, 2020 /PRNewswire/ — Travel insurance comparison site, Squaremouth, is proud to introduce battleface as its newest travel insurance provider.

The addition of battleface adds two new policies that focus on medical coverage and adventure travel to Squaremouth’s growing product list. Squaremouth now offers 90 travel insurance policies from 21 providers.

“We are excited to add battleface to our network of providers,” said Jessica Burns, CEO, Squaremouth. “In addition to their commitment to customer service, they offer coverage for many popular activities and higher travel medical expense benefit limits, making them an excellent option for our customers.”

Available battleface policies include:

Adventure Travel Single Trip
This customizable plan allows travelers to add additional coverage based on their specific needs, options such as: sports equipment package or delay, a search and rescue benefit, as well as other optional coverages and upgrades are available.

Travel Medical Single Trip
This policy was designed with an emphasis on medical coverage for injuries and accidents, emergency medical evacuation, and transportation, making it ideal for travelers working abroad, volunteering internationally, or exploring the globe.

“Our Adventure Travel policy was designed with adventurous travelers in mind, providing coverage for sports, emergency medical treatment, evacuation and accidents,” comments Jeff Pope, Director of Partnerships, battleface. “According to a recent report by the Adventure Travel Trade Association (ATTA), the adventure travel segment is seeking immersive adventure experiences which will drive a faster tourism recovery. We look forward to bringing our brand of coverage to Squaremouth’s customer base.”

For more information, please visit:  https://www.squaremouth.com/travel-insurance-providers/battleface

About battleface
battleface provides specialty travel insurance products and services.  Where ordinary insurance stops, battleface keeps going: into the surf and beneath the waves, across isolated deserts, up the sides of mountains and more. battleface covers dangerous places, emergency medical treatment, evacuation and accidents, and adventure travel to isolated places with 24/7 on-the-ground assistance and claims services.

battleface plans are underwritten by Spinnaker Insurance Company NAIC #24376, under policy form series RIG-1000.

For battleface Press Enquiries:
Katie Crowe
PR Director
m: +44 7768 456 068
[email protected]

ABOUT SQUAREMOUTH

SQUAREMOUTH compares travel insurance policies from every major travel insurance provider in the United States. Using Squaremouth’s comparison engine and third-party customer reviews, travelers can research and compare travel insurance policies side-by-side. More information can be found at www.squaremouth.com.

Available Topic Expert:
Kasara Barto
[email protected]

SOURCE Squaremouth

Related Links

http://www.squaremouth.com

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Travel Insurance Options for Digital Nomads

Travel insurance can safeguard your nonrefundable reservations and reimburse you for any unexpected emergency medical costs that you incur while traveling. However, the travel insurance needs of those taking several short vacations per year will vary from those of digital nomads, who may spend significant portions of the year living and working from abroad.

Digital nomads may also return home less often, travel with equipment (e.g., laptop, camera, etc.), participate in adventurous activities and be less concerned with health care coverage if they are traveling to a country with inexpensive medical costs.


Given the prevalence of remote work and increasing options to live and work from abroad, here you’ll find some of the most popular travel insurance options for digital nomads.

World Nomads

World Nomads is a travel insurance provider that offers coverage for residents of many countries and also allows you to extend your coverage mid-trip. It is underwritten by Nationwide Insurance. Importantly, the provider does not have a pandemic exclusion, so COVID-related claims are covered. However, World Nomads specifically states that fear of travel is not a valid reason for trip cancellation. So if you’d like the option to cancel a trip at your discretion, you’ll want to consider plans that offer Cancel For Any Reason coverage.

There are two trip insurance policies available from World Nomads: Standard and Explorer. The Standard Plan has lower coverage limits and includes more than 200 sports (including some adventure sports), while the Explorer Plan adds on 60 other activities and sports, including more dangerous ones such as shark cage diving, skydiving and paragliding.

The inclusion of athletic activities in both World Nomads plans is unique, since most traditional travel insurance plans exclude them.

Here’s a list of what’s included with World of Nomads coverage:

  • Trip cancellation, interruption and delay.
  • Emergency medical expenses, evacuation, repatriation and 24-hour assistance services.
  • Accidental death and dismemberment.
  • Nonmedical emergency transportation.
  • Baggage delay and loss.
  • Rental car damage (Explorer Plan only).
  • Adventure sports and activities.

And here are a few items of note that are excluded (not a comprehensive list):

  • Pre-existing conditions.
  • War.
  • Self-harm or accidents occurring while intoxicated.

To see how World Nomads compares to other travel insurance providers, we considered a sample two-month trip to Italy by a 32-year-old resident of New York.

Due to the lower limits and less coverage for adventure activities, the World Nomads Standard Plan is priced at $221, which is meaningfully cheaper than the $341 Explorer Plan. It’s important to note that if your nonrefundable prepaid trip costs are more than $2,500, the Standard Plan will cover you only up to $2,500 on trip cancellation. In this case, you’d want to consider the pricier Explorer Plan, which provides coverage up to $10,000 on trip cancellation.

A search on insurance comparison site Squaremouth revealed a range of plans from other providers priced between $105 and $406 based on a $2,500 trip cost (to compare to the Standard Plan) and between $415 and $1,131 based on a $10,000 trip cost (to compare

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Laid-off hotel workers rally after health insurance yanked: ‘We’ve been thrown out like yesterday’s garbage’

About 150 hotel workers who’d been laid off — but promised their jobs back when the hotel industry rebounds — gathered in Grant Park Friday to call on their employers to continue providing health insurance.

They are among about 7,000 Chicago hotel workers represented by UNITE HERE Local 1 who are out of work and, since Oct. 1, without health insurance.

“I have really, really bad arthritis and only four pills left, and I have a daughter who needs her braces taken off,” said Shawan Johnson, 41, who worked turning over rooms at the Hilton Chicago for six years until she was laid off in March.

“When you work for a company for many, many years and once a pandemic hits they just say, ‘Well, forget it, no more healthcare, no more anything.’ … It’s like insult to injury,” said Johnson.

Jesus Morales, who’d worked as a banquet server at the Drake Hotel for 33 years until he lost his job in March, said he’s in a tough spot because his wife, who had brain surgery a few years ago, and daughter, who was recently in a car accident, both depend on him for health insurance.

“We have spent years and decades of our lives working for these companies, and now we’ve been thrown out like yesterday’s garbage,” he said. “They should be ashamed of how they’re treating us.”

Jesus Morales, a banquet server at The Drake, took part in a rally with other hotel workers who are demanding health insurance in the Loop, Friday afternoon, Oct. 23, 2020. | Pat Nabong/Sun-Times
Pat Nabong/Sun-Times

The crowd chanted, “We deserve better!” before marching under a light drizzle several blocks around the Hilton Chicago, 720 S. Michigan Ave.

The majority of workers represented by the union are women of color, according to Unite Here spokeswoman Sarah Lyons. The workers are, in part, room attendants, bartenders, cooks, servers, bellmen and doormen.

Hotel workers and their supporters march to demand health insurance in the Loop, Friday afternoon, Oct. 23, 2020. | Pat Nabong/Sun-Times
Pat Nabong/Sun-Times

Their jobs are spread among dozens of hotels, but the largest chunk of them work for the Hilton, Marriott and Hyatt hotel chains, Lyons said.

Representatives of the three hotel groups did not immediately respond to requests for comment.

Source Article

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The Best Travel Insurance For Your Holiday Vacation Trip

American travelers are looking forward to the holiday travel period like nothing else in recent memory. But given the pandemic health concerns, they’re also trying to find the best travel insurance for a holiday vacation.

A new report by American Express finds travelers are cautiously optimistic about traveling in the next six months. Just over half (55%) of consumers who typically travel domestically anticipate feeling “comfortable” traveling to a domestic destination between now and February.

And a survey by Hopper suggests 39% of Americans plan to travel during the holidays. For more than half of those on the road (55%) it will be their first time traveling since the start of the pandemic.

An eagerly anticipated travel season

“Now that it’s officially fall, many Americans are planning their holiday travel,” says Katia Iervasi, an insurance expert at Finder.com. “While the type and frequency of trips may look a little different this year, it’s still just as important to purchase travel insurance to protect yourself — and your wallet.”

The only holiday travel season in recent memory that comes close to this one was 19 years ago, when the 9/11 attacks froze travel for several months. But the similarities don’t end there. After the Sept. 11 attacks, interest in travel insurance roughly doubled, with 20% of travelers buying insurance. Now, 45% say they’re likely to purchase travel insurance for a future leisure trip.

“The type of insurance to purchase for holiday travel depends on the needs of the traveler,” says Bailey Foster, a vice president at Trawick International. “Some coverage may work for one kind of traveler and another may work for someone else.”

Named perils or “cancel for any reason”?

One of the biggest decisions travelers will have to make when they’re looking for the best travel insurance for a holiday vacation is: Should I buy a “cancel for any reason” policy or not?

A cancel for any reason policy costs between 10 to 12% of the value of your trip. But it also gives you the flexibility to cancel and receive a partial refund.

“As long as you cancel in the required timeframe — typically 48 hours before your scheduled departure — you will recoup up to 75% of your trip expenses,” explains Jeremy Murchland, president of Seven Corners. “You can cancel for any reason you wish.”

A named perils travel insurance policy, which costs about half as much as a cancel for any reason policy, will cover you only if you cancel for a reason specified in the policy — one of the “named” perils. Generally, a new COVID outbreak wouldn’t be a covered reason.

So the first question a traveler has to ask is: Should I pay more for guaranteed coverage — or should I save money and take

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