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Texas Department of Insurance
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November 4, 2021

Many Americans planning trips; some considering travel insurance

The majority of Americans plan to travel soon—and about one in three travelers say they’re likely to purchase travel insurance, according to a survey by AAA.

The AAA survey found:

  • 55% of American adults are planning a vacation of at least one overnight stay before the end of 2022.
  • 31% of people planning to travel between now and the end of 2022 are more likely to purchase travel insurance due to the pandemic.
  • 69% of travelers said the ability to cancel a trip and get a refund is the most important benefit when considering travel insurance.

In TDI’s latest Texas Insurance podcast, Megan Cruz of the US Travel Insurance Association encourages shoppers to check exclusions in any travel policy before buying.

Cruz also suggests that before you use your policy to cancel a trip, you should contact your hotel and airline. Both could waive reservation cancellation penalties and give credits to reschedule travel. After that, Cruz says, check if the provider of your travel insurance will let you change your coverage dates to a later time.

Listen to our podcast, What does travel insurance cover?