States, countries, and cruise lines are beginning to open for summer travel, but travel insurance consumer trends show COVID-19 concerns remain top of mind.
Summer Travel Plummets Due to COVID-19 Pandemic
COVID-19 caused travel restrictions and border closures that brought travel to a standstill.
Coverage for COVID-19 is Top Concern
The coronavirus pandemic is the top concern for travelers planning summer trips.
“Cancel for Any Reason” Purchases Spike
Cancel for Any Reason policies cost 40% more than standard travel insurance policies, but are the best option for COVID-related cancellation coverage.
Domestic Travel Increases as International Travel Declines
Unlike previous years, travelers plan to spend summer close to home.
Travelers planning summer vacations can still purchase a policy that can provide coverage for some top COVID-19 concerns, including cancellation and medical coverage if a traveler contracts the virus or is quarantined. Travelers can search for policies that include this coverage here.
TRAVEL INSURANCE INFORMATION FOR COVID-19
The Traveler’s Guide to Travel Insurance for COVID-19 was created to inform travelers about their insurance options during the coronavirus pandemic.
The Coronavirus Pandemic Current Event Center includes answers to frequently asked questions and providers’ position statements. These resources are updated daily as the situation evolves.
ABOUT SQUAREMOUTH
SQUAREMOUTH compares travel insurance policies from every major travel insurance provider in the United States. Using Squaremouth’s comparison engine and third-party customer reviews, travelers can research and compare travel insurance policies side-by-side. More information can be found at www.squaremouth.com.
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