Uncertainty around changing restrictions has prompted more people to purchase travel insurance policies that let them cancel trips for any reason, including border closures and quarantine regulations, that aren’t covered by most standard trip cancellation policies, according to travel insurance website Squaremouth.
The upgrade can increase costs by roughly 40% and only reimburses up to 75% of insured trip costs. It was relatively unpopular before the pandemic, but sales of the policy have grown from 3.5% of Squaremouth’s sales in 2019 to 17%, the company said in January.
Trip insurance may look more appealing to people who spent hours trying to recover money spent on canceled trips last spring — some successfully, others running afoul of vacation rentals with strict cancellation rules or airlines that pushed vouchers for future flights instead of issuing credits.
Read the full Chicago Tribune article online here: https://www.chicagotribune.com/business/ct-prem-biz-spring-break-travel-covid-pandemic-20210319-i4c3legtercxnm5x7mhi7lewdu-story.html