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Yahoo
15-05-2025
- Yahoo
InsureMyTrip Explains Travel Insurance Options to Help Mitigate Vacation Risks
Warwick, RI, May 15, 2025 (GLOBE NEWSWIRE) -- As Americans confront a backdrop of economic uncertainty alongside high airfare and lodging costs, booking a summer getaway has become a high-stakes decision. The experts at InsureMyTrip recommend considering travel insurance to help protect both travelers' budgets and carefully laid plans. 'Consumers are telling us they're eager to travel but rising costs and uncertainty are forcing them to think twice,' said Suzanne Morrow, CEO at InsureMyTrip. 'Our latest data reveals a 10% increase in policy purchases for the first three months of 2025 compared to the last three months of 2024 – signaling that more travelers recognize insurance as an essential line of defense against unpredictable expenses.' Why Travel Insurance Is More Important Than Ever In today's volatile job market and inflation-driven economy, unexpected work or financial issues can easily derail your dream trip. That's where travel insurance can be a game-changer. Cancel for Any Reason (CFAR) coverage is one of the most flexible and popular add-ons for travelers. This optional upgrade allows you to cancel your trip even if it's not typically covered – like fear of layoffs or second thoughts. Must be purchased soon after you put money down on a trip (usually within 14–21 days). Typically reimburses up to 50–75% of prepaid, non-refundable trip costs. Must cancel a trip at least 48 hours before departure to receive reimbursement. Cancel For Work Reasons coverage is available with select plans and helps protect against job-related trip cancellations: If you are terminated or laid off through no fault of your own, some plans may offer a refund – as long as you've been employed at the company for 1–3 years prior to the event. If your previously approved time off is revoked after buying the policy, you may also be covered under this benefit (proof from HR required). (Note: This usually does not apply to self-employed individuals.) More Reasons to Insure Your Trip Rising airfare, hotel, and excursion costs mean higher potential losses if your plans change at the last minute. Medical emergencies abroad can result in significant out-of-pocket costs without proper coverage. Lost luggage, trip delays, and weather-related interruptions are more common – and frustrating – than ever. Media Contact: Meghan Kayata Press@ About InsureMyTrip You like options. We do too. It's simple. InsureMyTrip finds you the right travel insurance plan, every time. As the authority on travel insurance, InsureMyTrip is committed to empowering travelers to make informed decisions by leveraging technology, data intelligence, and expertise. InsureMyTrip is rated A+ by the Better Business Bureau. SOURCE: InsureMyTrip CONTACT: Meghan Kayata InsureMyTrip in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
21-04-2025
- Associated Press
InsureMyTrip Reports Interest in Travel Insurance Rises Amid Summer Flight Uncertainty
Warwick, RI, April 21, 2025 (GLOBE NEWSWIRE) -- With airlines adjusting schedules and cutting back on certain routes this year, many travelers are thinking twice before heading out without coverage. In response to the shifting travel landscape, more people are turning to travel insurance to protect their plans. According to InsureMyTrip, 32% more people requested a travel insurance quote this year compared to the same time in 2024 – a sign that travelers are looking for ways to feel more in control when things don't go as expected. Top 3 Reasons Travelers are Shopping for Travel Insurance Right Now: With more travelers rethinking how they plan and protect their trips, knowing what to look for in a policy has become just as important as deciding where to go. Smart Tips from InsureMyTrip: Travel insurance isn't one-size-fits-all, and pricing and coverage can vary depending on the provider, destination, traveler age, and trip cost. Using a comparison tool like InsureMyTrip helps you quickly evaluate multiple plans side-by-side. This way, you can find the best match for your needs – whether you're looking for the most comprehensive coverage or the best value. Not all plans include the same protections. Some of the most popular coverages this year include trip cancellation, trip interruption, and travel delay. These benefits help reimburse you for non-refundable costs if your trip is canceled for a covered reason, cut short due to an emergency, or delayed by weather, mechanical issues, or other disruptions. It's important to read the policy details to understand what's covered – and what isn't. Traditional travel insurance policies cover a specific list of reasons for cancellation. But life happens, and sometimes you need more wiggle room. That's where Cancel for Any Reason (CFAR) coverage comes in. This upgrade gives travelers more control, allowing them to cancel for reasons outside the standard list – like a change of heart or unexpected work conflict – and still recover a portion of their trip costs. It's especially helpful in uncertain times or for high-cost, high-commitment trips. With summer travel picking up and more moving parts in play, travel insurance is becoming a key part of planning ahead. Media Contact: Meghan Kayata [email protected] About InsureMyTrip You like options. We do too. It's simple. InsureMyTrip finds you the right travel insurance plan, every time. As the authority on travel insurance, InsureMyTrip is committed to empowering travelers to make informed decisions by leveraging technology, data intelligence, and expertise. InsureMyTrip is rated A+ by the Better Business Bureau. SOURCE: InsureMyTrip Meghan Kayata InsureMyTrip [email protected]
