Travel Insurance Blog

It is felt by many that between airline issues, natural disasters, swine flu, terrorist threats and medical emergencies that and more more people are going to be purchasing travel insurance. The worsening economy has lead to fears of job losses that has prompted many people to purchase trip cancellation insurance policies which cover the trip cost in the event of a termination or layoff. The recent swine flu epidemic can promted those who still are able to travel to purchase travel insurance in case they become sick when abroad.

It has been reported in the press that in 2006, Americans spent roughly $1.3 billion on travel coverage. This was an almost 20% increase from 2004 according to a study by the U.S. Travel Insurance Association. People are warned that travel insurance policies differ greatly and reading the fine print is essential.