According to a new survey from AAA, more Americans are choosing to protect their vacation investments by purchasing travel insurance. The survey found that nearly 4 in 10 Americans are likely to purchase travel insurance for future international trips. For those travelers, trip cancellation protection is the most valuable benefit with 9 in 10 of those likely to purchase saying that getting their money back is their top priority.
The survey also showed an increase in demand for travel insurance and members choosing to protect their more expensive vacations. AAA’s domestic and international travel insurance sales have increased more than 20 percent year-to-date, with 13 percent more members opting to purchase travel insurance 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.
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. After all, life is unpredictable and some trips need to be canceled.