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Wall Street Journal, April 3 2019 – One of Life’s Greatest Riddles: Do I Need Travel Insurance?

Wall Street Journal, April 3 2019 – One of Life’s Greatest Riddles: Do I Need Travel Insurance?

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Recent events have sparked interest in travel insurance. And they’ve also fired up scrutiny of the many ways coverage doesn’t cover you at all.

When the Boeing 737 MAX problems led some to want to change travel plans, it turns out travel insurance policies don’t cover fear of flying, but might cover costs of long delays.

When the government shutdown led to widespread trip cancellations and missed flights because of long TSA lines, most policies didn’t help then, either. Travel insurance doesn’t cover airport security-screening delays, for example. Same for national park closures—travel insurance doesn’t cover loss of enjoyment.

The good news: When WOW Air shut down last week, some travelers did have insurance that provided coverage. But policies have to explicitly include coverage for financial default.

“If it’s not written, it’s not covered,” says Jenna Hummer, spokeswoman at Squaremouth, a travel insurance comparison service.

Lots of policies do effectively protect expensive trips and come to the aid of travelers in crisis. And as storms intensify and turmoil increases globally, travel insurance sales continue to grow. Squaremouth says travel insurance sales are up nearly 15% so far this year compared with the same period of 2018.

Read the full Wall Street Journal article online here: https://www.wsj.com/articles/one-of-lifes-great-riddles-do-i-need-travel-insurance-11554298023