Americans Don’t Know Much About Travel Insurance
According to a recent survey, 49% of American’s are unsure about what travel insurance covers. That’s not good for the travel insurance industry, considering that we’re in the middle of vacation season.
The objective of the survey by the Princeton Survey Research Associates International was to see if Americans thought that travel insurance was worth the cost, and the results were quite surprising.
Only 21% of the respondents had ever purchased travel insurance. Of those people, one out of every three said that they purchase travel insurance on a regular basis. 52% of the people who did so because they felt they may cancel their trip, 27% due to the medical coverage, and 20% had another reason.
Along with the 49% who were unsure what it covered, nearly half of the participants said travel insurance was not worth the cost.
When booking another vacation, make an informed decision about travel insurance. Carefully read the terms and conditions of the proposed policy. In addition, look at the feedback from past policyholders to learn from their experiences. These policies sometimes offer more than you realize but, then again, they may not be right for you.