More International Vacationers Are Opting for Travel Insurance
A new survey from AAA found that 38 percent of international travelers were considering travel insurance for their next trip
Vacations are meant to be relaxing. However, the planning process for a vacation is often a source of great stress. There are a lot of unknown variables that can complicate a trip and those complications only become more problematic when you’re taking an international vacation. International trips are on on the rise this year and as such, more Americans are opting for travel insurance, according to a survey from AAA.
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AAA’s survey found that 38 percent of Americans are likely to purchase travel insurance for future international trips. 1,003 adults participated in the telephone survey, which was held from June 21 to June 24. The most common reason why vacationers (90 percent of participants) were choosing to purchase travel insurance was trip cancellation protection. Travel insurance covers more than just cancellation fees; it can also cover damage to bags and cargo, as well as select medical costs while abroad.
Other major factors that convinced travelers to opt for travel insurance included the cost of a trip, family and health concerns, and how far ahead the trip was booked. 30 million Americans are set to embark on an international trip this year, which accounts for a 9 percent increase in travel abroad compared to 2016. Although travel insurance was most popular among international travelers, the survey showed that domestic vacationers are also considering the option.
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“The relatively small upfront cost of travel insurance can pay back dividends in the event of sudden and unforeseen circumstances before or during a vacation,” explains Bill Sutherland, senior vice president of AAA Travel and Publishing. “As policies and coverage options vary, travelers should consult a knowledgeable travel agent to explore their travel insurance options.” The next time you have a big trip to plan, you may be able to relieve some of the stress by opting for travel insurance.
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