For Immediate Release:
SAINT PAUL, MN – 91.1 million Americans plan to travel this holiday season. Those who plan to travel via plane will be presented with the option to buy travel insurance upon the purchase of their airfare. Many consumers do not know whether travel insurance fits their budget or their travel needs. The Minnesota Department of Commerce urges travelers to understand what travel insurance is, what it actually covers, and what conditions to watch out for.
“The holiday season creates lasting memories and for most families, travel is a part of the experience,” said Commerce Commissioner Mike Rothman. “When planning your holiday travel, understand the travel insurance options available and make sure they fit your specific needs to ensure you spend more time enjoying your holiday and less time worrying about the possible issues that could arise.”
What Is Travel Insurance?
Travel insurance can protect against the loss of non-refundable travel costs, such as airfare, hotel and tour expenses. Other types of travel insurance offer limited protection against losses due to medical emergencies, damage to personal property, and even a death which could occur away from home while on vacation.
A typical travel insurance policy will cover trip cancellation travel delay, and trip interruption insurance. Often, it will include limited medical, medical evacuation, and accidental death insurance. Finally, most travel insurance plans will include lost baggage.
Keep in mind, there is no guarantee your policy will include each of these items. Consumers will need to review each policy’s specific terms and conditions to determine its effectiveness. For example, purchasing ‘trip cancellation insurance does not necessarily mean you can cancel your trip without consequence.
Should You Buy It?
The decision to purchase travel insurance relies on many factors. Here are some things to consider before you make up your mind:
Go to the Minnesota Department of Commerce website for more information on travel insurance and the different types of plans that are offered. If you are having a problem with a company that sold you a travel insurance policy, contact the Department’s consumer response team by calling: 651-296-2488 or 1-800-657-3602.