[gallery size="full" ids="188657,188658,188659,188660,188661,188662,188663,188664"]
Among the meme-worthy disappointments linked to 2020: Thousands of travelers learned the hard way what their travel insurance does and does not cover after being forced to cancel plans when borders and businesses shut down to stem the spread of COVID-19.
While many insureds were surprised to find that travel insurance policies generally don't cover cancellations due to virus risk, the year has produced a shift in the types of travel people are now likely to undertake. Although the pandemic caused nearly half of all Americans to cancel their summer travel plans, Starr Insurance Companies found that purchasing travel insurance for domestic trips grew 528% year-over-year. It follows that overall, insured travel expenses are down 22% year-over-year, as domestic trips tend to be less pricy than international jaunts.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Elana Ashanti Jefferson
Elana Ashanti Jefferson serves as ALM's PropertyCasualty360 Group Chief Editor. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].
