VIRGINIA BEACH, Va., (August 1, 2018) – As international travel grows in popularity, Americans are choosing to protect their vacation by purchasing travel insurance. According to a recent AAA Travel survey, nearly 4 in 10 Americans (38 percent) are likely to purchase travel insurance for future international trips. For those travelers, trip cancellation protection is the most valuable benefit with 9 in 10 (88 percent) of those likely to purchase insurance saying that getting their money back, if they cancel a trip, is their top priority.
“More than 30 million family travelers will visit an international destination this year,” said Georjeane Blumling, Vice President of Public Relations for AAA Tidewater Virginia. “There are just too many unknowns, like family emergencies and natural disasters, which can throw an unexpected wrench into a planned vacation. Travelers are increasingly not taking chances and they’re choosing to invest in the value and peace of mind that travel insurance can provide, for international as well as domestic and cruise vacations.”
Leading Influencers for Travelers to Purchase Travelers Insurance:
- 70 % after the cost of their trip
69% personal or family health concerns
61% how far in advance the trip is booked
57 % recommendations to purchase insurance by friends or family
“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. As policies and coverage options vary, travelers should consult a knowledgeable travel agent to explore their travel insurance options,” continued Blumling.
AAA encourages travelers to keep in mind these advantages of travel insurance to protect their investment in domestic and international trips, as well as cruise vacations. After all, life is unpredictable and some trips need to be cancelled.
- You landed, your bags didn’t. Airlines mishandled more than 22 million bags in 2017. Travel insurance can provide coverage to replace needed items if luggage is delayed, damaged or stolen.
- Sick happens. Insurance may help cover medical expenses while traveling, internationally and in the United States. Many hospitals outside of the country require cash payments before providing treatment.
- Health insurance. Most health insurance policies don’t cover international travel. Travel insurance can help cover medical expenses and costly medical evacuation back to the United States in emergencies.
- Flight delays and cancellations. Airlines may not cover all the costs associated with a delayed or cancelled flight. Travel insurance can help reimburse expenses such as rebooking fees, meals and accommodations.
- Economic uncertainties. The loss of a job or other income may mean having to postpone a trip planned in advance. Travel insurance can help travelers recoup their costs when funds are tight.
AAA’s travel insurance research findings are the result of a telephone survey (landline and cell phone) consisting of 1,003 adults living in the continental United States. Interviewing for this survey was conducted June 21-24, 2018. This study has an average statistical error of ±4 percent at the 95 percent confidence level for all U.S. adults.
As part of North America’s largest motoring and leisure travel organization, AAA Tidewater Virginia provides its more than 330,000 members with travel, insurance, financial and automotive-related services. Since its founding AAA Tidewater Virginia has been a leader and advocate for the safety and security of all travelers. For more information, visit AAA.com and follow us on Twitter at Twitter.com/AAATidewaterVA or Facebook at facebook.com/AAATidewaterVirginia.