With Snowstorm Nemo bearing down on the Northeast, USA Today reports that more than 3,700 flights have been canceled ahead of the blizzard. While winter travel above the Mason-Dixon Line can often be a perilous affair, travel insurance is big business year-round. Americans spent nearly $1.8 billion on all types of travel insurance services in 2010, the most recent data available from industry group the U.S. Travel Insurance Association.
But not all Americans buy into insurance options, and for those who do, the vast majority use the service for trip cancellation protection–it represents 94% of all travel insurance policies sold in America, the insurance association reports. According to a study conducted last year, travel insurance providers found that 12% of adults had their travel impacted by natural disasters like Snowstorm Nemo and other world events, but only 29% of those travelers had insurance.
To find out which insurance plan is best for your trip, be it a river cruise down the Danube or a surf-vacation to a remote Hawaiian enclave, there are websites to help with the decision making process.
Squaremouth.com follows in the footsteps of travel aggregator sites such as Expedia and Kayak by allowing consumers to enter in their trip details, insurance needs, and instantly compare insurance provider quotes.
See the full article from MSNBC at: http://tv.msnbc.com/2013/02/08/the-nuts-and-bolts-of-travel-insurance/