Travel insurance sales remain elevated post-pandemic, but coverage demands are evolving

Looking at data from this past winter travel season, Squaremouth saw a 120% in searches for baggage delay coverage and an 85% increase in policies sold. Policies covering lost luggage saw a 101% increase in sales, while missed connection coverages saw a 138% increase. (Credit: Rick Bowmer/AP)

As air travel picked back up following the pandemic, demand for travel insurance grew as some destinations continued to require coverage and negative COVID-19 to gain entry. While these requirements have fallen away, demand for travel insurance continues to see growth, according to Megan Moncrief, chief marketing officer for Squaremouth, Inc., who notes the reason travelers are buying coverage is evolving.

“Interest in COVID and COVID-specific coverage is decreasing, but with that is an increase in travelers wanting coverage for baggage delays and other airline-side issues,” Moncrief says.