From impossible-to-predict disasters to natural disasters to medical emergencies and tragic accidents, travelers who don’t have travel insurance bemoan the fact and wish they’d purchased it. The travel industry has seen a healthy share of changes and developments in the last decade, but big, dramatic stories like the ones listed above are getting people to think about travel insurance.
Then, news of another airline consolidation or bankruptcy happens and travelers find themselves vying for the few remaining seats available on the last routes profitable to airlines and, well, you get the idea.
Rough Economy = Strict Cancellation Rules
In a rough economy, cruise lines, airlines, hotels, inns, bed and breakfasts, and tour operators have all tightened and published their cancellation policies, and many are quite restrictive, leaving travelers with stiff penalties and loads of unexpected out-of-pocket expenses if something happens. Â Hey, they gotta make money somehow, right?
Just Getting Started?
If you are just beginning to realize what travel insurance can do for you, start with our Travel Insurance 101 guide for a good understanding of how it works, what ‘gotchas’ to avoid, and how to make the right travel insurance purchase without spending a lot of extra money.
Trust us, one long layover in New York City and we’ll make a travel insurance believer out of you. Don’t let that happen.