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AAA Travel data indicates that the number of travelers who have purchased trip insurance so far this year is up 20% over the same time period last year and now, a new AAA survey reveals why.
More people are travelling internationally, at greater expense, so travelers want to know that they won’t lose everything if anything derails their plans.
“More than 30 million family travelers are expected to make international travel plans this year, 9 percent more than just two years ago. And, part of their ‘planning’ includes minimizing risk”, says Suzanne Aresco, Director of Travel in the Greater Hartford area. “The value of travel insurance is that – whether you use it or not - it provides great peace of mind without great expense”.
AAA Travel Survey Stats:
Nearly 4 in 10 Americans (38 percent) are likely to purchase travel insurance for future international trips.
AAA Travel Insurance Sales Up Sharply
AAA’s domestic and international travel insurance sales have increased more than 20 percent this year compared to the same time period last year and there was an increase of 13 percent last year compared to 2016.
In 2017, AAA members insured trips that were approximately 18 percent more expensive than the previous year, according to AAA’s 30-year travel insurance partner Allianz Global Assistance.
“It is important that travelers understand their policies as coverage options vary. Travelers should consult a knowledgeable travel agent to explore their travel insurance options,” Aresco says.
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.
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.
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