Travel Insurance Popularity Grows Along with Global Uncertainty

Summary


Travel insurance is becoming as common among globetrotters as passports and luggage, according to a recent study.

More than 17 million Americans spent better than $1 billion on travel insurance in 2004, according to Avalon Actuarial Consulting, an independent Canadian firm. The report for the nonprofit U.S. Travel Insurance Association is the first study of its kind.

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Travel Insurance Popularity Grows Along with Global Uncertainty

The findings confirmed that more Americans are choosing to protect their travel investment with comprehensive travel insurance plans, said Jonathan Ansell, USTIA president.

Travel insurance protects the money pe...

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