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Remembrance day is just around the corner, the unofficial beginning of summer. Many Americans want to shake off the pandemic cabin fever and take a proper summer vacation.
According to a recent survey of 3,500 US customers by Allianz Partners, a travel insurance company, about two-thirds of Americans believe that receiving a Covid-19 vaccine will make them feel safe enough to travel again.
Business travelers can pass the fee
According to a global survey by Chubb, 84% of business travelers say they can’t wait to get back to work. Most fear that if they cannot travel and meet in person, they will be less effective at their jobs.
Still, 87% of business travelers have concerns about getting Covid and are considering travel insurance as a solution. According to the Chubb survey, more than four in five business travelers (81%) say they will pay more attention to travel insurance coverage due to the pandemic.
And 86% say they feel more comfortable with travel insurance while on a business or leisure trip. Likewise, 68% say they are more likely to get travel insurance if it covers Covid.
There are, in fact, many options for Pandemic Travel Insurance Plans This covers cancellation of travel related to Covid as well as medical travel expenses.
Always best to prepare for the unexpected
The pandemic has raised awareness of the need for best travel insurance. While vaccination can help you feel comfortable about booking your next trip, it doesn’t prevent headaches like flight cancellations, lost luggage, or injuries like a sprained ankle.
Almost half of Americans have had to pay fees or additional expenses while traveling that could have been avoided with travel insurance. This is according to a recent survey by Battleface, a travel insurance company for travelers who travel or work internationally. The most common fees are:
- Cancellation fees (19%)
- Fees for changing travel dates (19%)
- Fees for changing travel times (14%)
- Costs related to baggage loss or delay (10%)
Battleface’s poll found that Americans’ top priority is getting coverage for:
- Cancellation or delay (44%)
- Cover for medical expenses other than Covid-19 (32%)
- Cover for personal accidents (31%)
- Delay or loss of luggage (30%)
- Returning home in an emergency (26%)
“With travel resuming and airlines and hotels bringing back cancellation or change fees, travel insurance is more important than ever,” said Sasha Gainullin, CEO of Battleface, in a statement. “If 2020 has taught us something, plans can change and the unexpected can happen.”
Bucket List Trips
According to Berkshire Hathaway Travel Protection’s State of Travel Insurance 2021 report, millennials and high-income travelers are eager to check off a trip on their bucket list in 2021.
A recent survey by World Nomads, a travel insurance company, found that travelers looking to go big and far in 2021 are looking for international destinations such as Europe and the United Kingdom (16%), Asia (7%) and Australia. New Zealand and the Pacific (2.5%). Almost half (49%) of travelers book trips for one to two weeks.
Travel insurance must-haves
When booking an overseas vacation, Travel health insurance is essential. This coverage pays medical expenses if you get sick or injured during your trip. Your U.S. health plan or Medicare plan likely doesn’t cover you outside of the country.
Another coverage to consider is Emergency evacuation insurance. It’s worth doing this to take you to the nearest appropriate medical facility or even back to the United States depending on your condition.
Travel cancellation insurance reimburses the prepaid and non-refundable cost of your trip if you are unable to travel due to an unforeseen circumstance. “Unforeseen circumstances” usually include serious injury, natural disasters, the death of you or a travel companion, and storms that render a travel service inoperable.
“Trip cancellation has always been the number one reason to buy travel insurance,” said Megan Moncrief, spokeswoman for Squaremouth, a travel insurance comparison website. 95 percent of travel insurances for travel in 2021 include travel cancellation insurance, according to Squaremouth.
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