Travel insurance a necessity now more than ever

Our research for travel insurance provider battleface has found that almost half of Americans have faced fees or had to absorb the cost of losses when traveling without travel insurance.

The most common charges are for cancellation fees (19%), fees for changing travel dates (19%), fees for changing travel times (14%), and costs associated with baggage loss or delay (10%).

When purchasing travel insurance, Americans say their top priority is getting coverage for trip cancellations or delays (44%), followed by getting coverage for medical expenses (other than Covid-19) while traveling (32%). Other priorities include coverage for personal accidents while traveling (31%), delay or loss of luggage (30%), and for being returned home in the event of an emergency (26%).

battleface’s research suggests that the likelihood that Americans purchase travel insurance coverage has increased slightly since before COVID-19. A third of respondents (36%) said they are more likely to purchase travel insurance now than before Covid-19 for a trip abroad, and 34% said they are more likely to do so for a domestic trip.

Read more here.