E. Hartford, CT, Nov. 12, 2007 Travel Insured International announces it will not charge an additional premium for Travel Protection plans purchased for cruises that later attach fuel surcharges retroactively. The non-increase of premium applies to any Travel Insured Worldwide Trip Protector comprehensive or Post-Departure policy purchased and fully paid for before any fuel surcharges were announced for the future cruise being protected.
Travel Insured will charge premiums that reflect the full price of a cruise, including any fuel surcharges, for Protection Plans purchased on or after the date a cruise line announces a fuel surcharge policy.
Carnival Corporation on Nov. 7, 2007, announced it will add fuel surcharges of $5 per passenger per day for the first and second passenger in each stateroom, up to a maximum of $70 per passenger per cruise, for all cruise departures starting on or after Feb. 1, 2008. The Carnival surcharge applies to six Carnival-owned lines including Carnival, Costa, Cunard, Holland America, Princess and Seabourn.
Travel Insured’s pricing response means Carnival fuel surcharges will require no additional premium for Travel Insured policies purchased before Nov. 7, 2007, for cruises on the six Carnival lines departing on or after next Feb. 1 st.
Travel Insured premium pricing will reflect the total price, including fuel surcharges, of Carnival cruises booked on or after Nov. 7, 2007 for departures departing on or after Feb. 1, 2008.
Regent Seven Seas Cruises separately announced on Nov. 5, 2007 a fuel surcharge for its cruise bookings starting Dec. 1, 2007, for all cruise departures starting Jan. 1, 2008. The surcharge of $7.50 per day, without any stated per passenger maximum, is also applied to all Regent cruise bookings prior to Dec. 1, 2007, for which final payments are not made by Dec. 1, 2007.
Travel Insured’s pricing response means Regent passengers who have already purchased and fully paid their Travel Insured policy prior to Regent’s Nov. 5th surcharge announcement will not be charged an additional protection premium. Travel Insured will apply the applicable premium for passengers who bought their policy after the Nov. 5th Regent announcement to protect the customer’s choice of either the pre-surcharge cruise total – if they pay their 2008 cruise in full before Dec. 1, 2007 – or the cruise price including surcharge if they choose not to pay in full until after Dec. 1.
All of Travel Insured’s Trip Protection plans come with Travel Insured Worldwide Travel Assistance available from anywhere 24/7.
Travel Insured International, based in E. Hartford, CT, was founded in 1993 by insurance industry executive Peter Gehris, when he acquired the travel protection division of the Travelers Insurance Company. Backed by the solid underwriting support of Arch Insurance Company, rated “A” by A.M. Best Company, Travel Insured delivers comprehensive primary protection benefits ranging from trip cancellation and trip interruption to emergency assistance and medical evacuation, default and bankruptcy, accident and sickness medical expense, accidental death and dismemberment, missed connection and baggage delay or loss.