Press Releases

Travel Insured Urges Travelers to Insure Rising Cost of Airfare

by Erin Weiland | Apr 25, 2012

East Hartford, CT (PRWEB) April 26, 2012 - While drivers are more than concerned as gas prices surpass four dollars a gallon, these sky rocketing prices are also taking their toll on the airline industry. These increasing fuel costs continue to put pressure on airlines to produce considerable profits in order to compensate for the losses. The International Air Transport Association announced its expectations that fuel will average $115 a barrel rather than it’s originally predicted price of $99 a barrel this year. Due to the increase, the IATA has predicted that global profits for the industry will plunge 60 percent. Analysts are continuously steering travelers away from the fare increases that are occurring and ones that will continuously arise. These changes could potentially lead towards even greater ticket price increases, as well as possibly causing airlines to reduce the number of flights available. Trave Insured International®, a leading privately-owned travel insurance provider, urges fliers who may have overlooked airline ticket insurance during the deflated fare pricing to reconsider in the near future.

Why Invest in an Airline Ticket Protector?

Travel Insured's Airline Ticket Protector is valuable to leisure travelers, business travelers who may have to pay for tickets as an out-of-pocket expense, as well as independent vacationers who have prepaid airline tickets but land arrangements are flexible and paid during travel. The policy is also an advantage to frequent fliers by paying any fees charged by the airline to re-bank miles into their frequent flier mileage account after a covered trip cancellation.

The plan provides coverage on Trip Cancellation or Trip Interruption for prepaid, non-refundable ticket costs valued up to $3,500. This includes the fees an airline may charge to reissue a ticket after a cancellation. Travelers who purchase the plan within 14 days of their initial trip deposit may qualify for a waiver of any pre-existing medical condition that could potentially interrupt their trip. Trip Delay coverage of up to $500 with no daily limit, and Baggage Delay coverage of up to $200 are both included. Also included is a $500 Missed Connection benefit, and up to $1,000 in Lost Baggage & Personal Effects coverage. Every Travel Insured Airline Ticket Protector comes with Worldwide Emergency Assistance available 24/7 with a free call from anywhere the insured traveler is in need of help.

Travelers in need of more comprehensive coverage can take advantage of these value-added options in the Airline Ticket Protector plan:

  • Cancel For Any Reason Option: Travelers within 14 days of their initial trip deposit can purchase this option, available for a 50% premium supplement and paying potential benefits of up to 75% of total trip cost in a cash refund.
  • Flight Accident Option: Available for up to $1 million coverage and priced from $8 to $50 per person depending on the benefit level selected.
  • Combined Emergency Medical Option: $50,000 in Emergency Medical Expense with $250,000 in Emergency MedEvac coverage. Priced at $25 per person.
  • Renters Collision Insurance Option: $7 per day price is charged only to the primary traveler named on the Airline Ticket Protector plan for up to $50,000 in coverage.

Travelers select and pay for the options on the Airline Ticket Protector application, with the selected upgrades, except for car rental collision coverage, applied to all travelers being insured on the same application.

Along with fuel, airfare prices are only expected to rise throughout the year. No matter what type of trip, prepared travelers will plan ahead with an Airline Ticket Protector to cover their travel investments.

About Travel Insured International®

Travel Insured International®, based in E. Hartford, CT, was founded in 1994 by the foresight of insurance industry executive Peter Gehris when he acquired the travel protection division of the Travelers Insurance Company. Coverage is underwritten by Arch Insurance Company (a Missouri corporation, NAIC #11150) with executive offices located in Jersey City, NJ. Arch Insurance is rated A (“Excellent”) for financial strength by the insurance rating service A.M. Best. Not all insurance products or coverage is available in all jurisdictions. Coverage is subject to actual policy language.

Travel Insured International®
52-S Oakland Ave.
E. Hartford, CT 06128-0568

Insurance benefits in the plans are subject to limitations and exclusions, including an exclusion for pre‑existing conditions.

This website contains highlights of the plans, which include insurance benefits underwritten by the United States Fire Insurance Company, Home Office: 305 Madison Ave, Morristown, NJ 07960, Administrative Office: 5 Christopher Way, 2nd Floor, Eatontown, NJ 07724. United States Fire Insurance Company is currently authorized to transact business in all states and the District of Columbia. NAIC No. 21113. The plans also contain non‑insurance Travel Assistance Services provided by C&F Services through Active Claims Management (2018) Inc., operating as Active Care Management. The Crum & Forster group of companies is rated A (Excellent) by AM Best 2018. C&F and Crum & Forster are registered trademarks of United States Fire Insurance Company. Coverages may vary and not all coverage is available in all jurisdictions. In most states, your travel retailer is not a licensed insurance producer/agent, and cannot evaluate, interpret, or answer technical questions about the technical terms, benefits, exclusions, and conditions of our plans or evaluate the adequacy of your existing insurance coverage. Your travel retailer may provide general information about the plans offered, including a description of the coverage and price. The purchase of travel insurance is not required in order to purchase any other product or service from your travel retailer. California license #0I13223, 855 Winding Brook Drive, Glastonbury, CT 06033. CA DOI toll free number: 800-927-4357. MD Insurance Administration: 800-492-6116 or 410-468-2340. Individuals looking to obtain additional information regarding the features and pricing of each travel plan component, please contact Travel Insured at 855-752-8303 or customercare@travelinsured.com.