Travel Insurance

Travel insurance sales remain elevated post-pandemic, but coverage demands are evolving

Looking at data from this past winter travel season, Squaremouth saw a 120% in searches for baggage delay coverage and an 85% increase in policies sold.  Policies covering loss luggage saw a 101% increase in sales, while missed connection coverage saw a 138% increase.  (Credit: Rick Bowmer/AP) Looking at data from this past winter travel season, Squaremouth saw a 120% in searches for baggage delay coverage and an 85% increase in policies sold. Policies covering lost luggage saw a 101% increase in sales, while missed connection coverage saw a 138% increase. (Credit: Rick Bowmer/AP)

As air travel picked back up following the pandemic, demand for travel insurance grew as some destinations continued to require coverage and negative COVID-19 to gain entry. While these requirements have fallen away, demand for travel insurance continues to see growth, according to Megan Moncrief, chief marketing officer for Squaremouth, Inc., who notes

READ MORE
Travel Insurance

Does travel insurance cover covid-19 cases?

I will be visiting Singapore within two months but the recent rise in covid-19 cases is a matter of concern. I have opted for travel insurance. Will this cover my travel plans?

— Kaustubh

Check the travel insurance policy terms and conditions. Some policies have a general exclusion for pandemics, which means that they may not cover any losses or expenses incurred due to covid-19. However, some insurers may have updated their policies to cover certain covid-19 related expenses such as medical treatment, quarantine expenses, emergency evacuation, trip cancellation, interruption, or extensions, among others.

If you have any questions or

READ MORE
Travel Insurance

Help! My Tour Got Canceled but Travel Insurance Won’t Pay

The problem: Their trip was not technically “interrupted,” since they spent all 18 nights aboard. Several times in my conversations with insurance executives I heard the phrase “You’re not covered for loss of enjoyment,” but I imagined this applying for a week of rain at a Caribbean resort, not an Antarctic cruise that never made it to Antarctica.

I also heard from a reader named Alan, of Vaughan, Ontario, about a nightmarish return from Vancouver to Toronto during last Christmas season’s storms. After three WestJet flights were canceled and another delayed, all because of the weather, the next flight they

READ MORE
Travel Insurance

The new complexities of corporate travel insurance

Insurance is no exception to the rule that everything connected with business travel has been rewritten by the coronavirus crisis. As travel resumes, expect premiums, and exclusions on coverage, to increase while some insurers stop offering cover all together, experts in the sector have warned.

The virus-induced changes mean companies need to think much harder about how they buy a service which has not always received the attention it deserves. “Companies should make themselves better at negotiating and not just take a product off the shelf. You now really have to understand what the package includes and how it’s priced,”

READ MORE
Travel Insurance

AXA Assistance USA Travel Insurance Review 2024 – Forbes Advisor

Forbes Advisor scored 39 policies to find the best travel insurance. When companies have more than one travel insurance policy we use the highest-scoring plan. Ratings are based on the following metrics.

Cost (25% of score): We analyzed the average cost for each travel insurance policy for trips to popular destinations:

  • Couple, age 30 for a Mexico trip costing $3,000.
  • Couple, age 40, for an Italy trip costing $6,000.
  • Family of four for an Italy trip costing $15,000.
  • Family of four for a France trip costing $15,000.
  • Family of four for a UK trip costing $15,000.
  • Couple, age 65, for
READ MORE