Latest News
HomeMICE IndustryTravel insurance demand hits highest level since March 2020
Travel insurance

Travel insurance demand hits highest level since March 2020

More traditional travel insurance companies are now expanding or adapting coverage for travelers during the coronavirus pandemic.

Travel insurance comparison site InsureMyTrip, said the number of policies sold for future trips hits its highest levels since March 2020.

This comes as the Transportation Security Administration also announced over 1.3 million U.S. airport passengers were screened last Friday, the highest number of passengers screened since mid-March 15, 2020.

“We still have a long way to go until travel gets back to pre-COVID-19 levels, but there are encouraging signs of a recovery underway,” says Cheryl Golden, vice president of eCommerce for InsureMyTrip. “Travel insurance is now top-of-mind for travelers. And, as the travel industry begins to rebound from a pandemic-related slump, we are doing everything we can to ensure travelers have the right travel insurance.”

Expanded Travel Insurance Coverage 
More traditional travel insurance companies are now expanding or adapting coverage for travelers during the coronavirus pandemic.

Here are some general examples:

  • Must visit doctor or hospital during a trip due to COVID-19 illness
  • Get sick with COVID-19 and must cancel a trip
  • Physician orders a quarantine before trip
  • Lost a job during the coronavirus pandemic by no-fault of your own

InsureMyTrip also recommends travelers strongly consider a Cancel For Any Reason (CFAR) upgrade. This upgrade offers the most trip cancellation flexibility and is the only option available to cover fear of travel. Full terms of coverage will be listed in state-specific policy. If eligibility requirements are met, reimbursement is 50-70 percent of pre-paid non-refundable trip cost.

The unbiased travel insurance comparison site also released a groundbreaking "COVID-19 recommendation tool" to guide travelers towards plans that may be best suited to cover COVID-19-related travel concerns.

"This simple recommendation tool can save travelers hours of searching online for travel insurance that may offer coverage for certain COVID-19 related issues," says Golden.

News Editor - TravelDailyNews Media Network | + Posts

Tatiana is the news coordinator for TravelDailyNews Media Network (traveldailynews.gr, traveldailynews.com and traveldailynews.asia). Her role includes monitoring the hundreds of news sources of TravelDailyNews Media Network and skimming the most important according to our strategy.

She holds a Bachelor's degree in Communication & Mass Media from Panteion University of Political & Social Studies of Athens and she has been editor and editor-in-chief in various economic magazines and newspapers.

29/03/2024
28/03/2024
27/03/2024
26/03/2024
25/03/2024
22/03/2024