Tag: travel insurance estimate

How does travel insurance add value to your brokerage?

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Loyalty is trending among consumers. And there’s one sure way for your brokerage to increase loyalty among clients and get them the peace of mind they’re looking for.

“Travel insurance is helping drive loyalty with insurance advisors who can help their clients experience worry-free vacations,” explains Roger Marcelo, Vice President of Business Development, Broker Channel, at Allianz Global Assistance, a leading travel insurance and assistance provider.

“Travel is booming again, and more Canadian travelers than ever are turning to their brokers for expert advice on the right policy for their trips — placing brokers in the unique position to offer their clients a full circle of insurance protection that includes travel insurance,” he added.

VALUE OF TRAVEL INSURANCE
Selling highly sought-after travel insurance to Canadian travelers is the exciting new opportunity brokers have been waiting for — and research from Allianz proves why.

According to Allianz’s Vacation Confidence Study, conducted

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The Best Travel Insurance Companies Of May 2023

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Whether you’re taking a family vacation to Disney World or a romantic cruise through the Mediterranean, travel insurance can help protect your trip from the unexpected. From trip cancellations and flight delays to medical emergencies, travel insurance can protect you financially and give you peace of mind.

There are several different types of travel insurance plans to choose from when shopping for a policy. Here are a few of the common coverage types:

  • Trip cancellation coverage: Helps you recover travel expenses if you can’t travel, though generally limited to specific reasons.
  • Travel delay coverage: Help you cover expenses if your travel is delayed due to a covered reason.
  • Trip interruption coverage: Helpful if you need to cut your trip short. Covered reasons may include an injury or illness on the trip, or a family emergency at home.
  • Medical expenses and emergency evacuation coverage: This covers unforeseen medical expenses when
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The Best Travel Insurance Plans For Different Types Of Trips

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Every trip is different. So when Brian Carcich set out on an ambitious multi-country tour, he knew his travel insurance would have to keep up.

The policy needed to work everywhere and cover more than the essentials, such as trip interruptions and delays.

“For example, what happens if you need emergency medical care or hospitalization?” he wondered. “Credit card benefits help with some of these, but will only get you so far.”

So Carcich, a marketing executive from New York, did what many travelers do before their upcoming trips: he researched his travel insurance options to find the right plan. It’s a daunting but necessary exercise that you ignore at your own peril this summer, which may be the busiest one for travel in a generation.

And Carcich is glad he did, because it turned

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Why is travel insurance the next big opportunity for brokers?

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It’s a new era for travel insurance.

Despite economic uncertainty, Canadians plan to spend over $14 billion on vacations this year, according to new data from Allianz Global Assistance, a leading travel insurance provider. Post-pandemic, travelers have become more risk-aware than ever, and almost 90% say they plan to buy travel insurance for their next trip.

“The pandemic has significantly shifted consumer attitudes around travel, forced a number of changes within the travel insurance industry, and shed new light on the peace of mind travel protection can bring,” says Lucy Hathaway, Allianz’s Chief Sales Officer. “While Canadians are highly aware of the need for travel insurance, they don’t necessarily understand what coverage is right for them. With travel approaching pre-pandemic levels, more and more Canadians are turning to their trusted insurance brokers for travel insurance and advice.”

Widespread staffing shortages and prolonged supply chain issues continue to make travel more

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TravelInsurance.com Celebrates 10 Years of Providing Valuable Travel Insurance Coverage to Millions of Travelers Worldwide

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The MarketWatch News Department was not involved in the creation of this content.

TravelInsurance.com Celebrates 10 Years of Providing Valuable Travel Insurance Coverage to Millions of Travelers Worldwide

May 10, 2023 (PRNewswire via COMTEX) — PR Newswire

NEW YORK, May 10, 2023

NEW YORK, May 10, 2023 /PRNewswire/ — TravelInsurance.com, the fastest growing independent travel insurance comparison platform, is proud to announce that May 2023 marks 10 years of providing travelers around the world with personalized trip protection. Co-Founders, Drew Sharma and Stan Sandberg, launched TravelInsurance.com in 2013 to provide consumers with an easy and transparent self-service travel insurance online shopping experience.

Since its founding in 2013, the company has helped millions of travelers protect more than $3 billion of trip costs with its comprehensive travel insurance offerings, providing financial protection for unforeseen events that can disrupt travel plans.

“We are thrilled to have reached this milestone and to have

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