Americans are traveling more despite the weak economy and rising gas prices. Travel Insured advises travelers to invest in travel insurance due to a greater chance of travel disruption.
East Hartford, CT (PRWEB) August 29, 2012
Despite rising gas prices, the percentage of people traveling during Labor Day weekend, Thursday August 30 to Monday, September 3 is predicted to be higher than those who traveled for Labor Day weekend in September of 2011. Americans are not letting the poor economy and steadily rising fuel costs effect their travel decisions. Many individuals will still be traveling in spite of the weak economy and plan to cut back on any lavish travel expenses in order to afford it.
According to a forecast released by AAA, it has been estimated that approximately 33 million Americans will travel 50 or more miles from home during the Labor Day weekend. This is a 2.9 percent increase from the 32.1 million individuals that traveled during this time in 2011, and the highest amount of travel since 2008. Air travel has been reported to be up by 3.7% over last year.
With the number of travelers higher than ever, Travel Insured International, a leading privately owned travel insurance company urges travelers to invest in coverage more than ever. More travelers mean a higher chance of travel disruptions to occur along the way. It is important for travelers to be aware of protecting their investments due to a higher risk of disruptions including flight delays and cancellations. Investing in the Worldwide Trip Protector can also reimburse you for any medical emergencies or lost baggage during your travels.
- All of the four Travel Insured International® retail plans, including Worldwide Trip Protector, Worldwide Trip Protector Gold, Trip Protector Lite, and Trip Protector Lite Expanded provide Trip Cancellation or Interruption coverage due to sickness, injury or death of the insured, his or her travel companion, or any of their family members resulting in medically-imposed restrictions documented by the attending physician of the sick individual.
- With the Worldwide Trip Protector, Worldwide Trip Protector Gold, or Trip Protector Lite Expanded plans a covered illness can include recurrence of a pre-existing condition illness provided the plan was purchased within 14, 21 or 30 days of the initial trip deposit, depending upon the selected plan, and other simple purchase requirements have been met.
- Family members (of the insured or his or her travel companion) whose illness can trigger coverage under Trip Cancellation / Trip Interruption include parents, a legal guardian, step-parent, grandparents, parents-in-law, grandchildren, natural or adopted children, children-in-law, brother, sister, stepbrother or stepsister, brother or sister-in-law, aunt, uncle, niece or nephew.
Travel is only expected to rise despite the gas prices rising in 2012 and no matter what type of trip, prepared travelers will plan ahead with the policy which fits their coverage needs best in order to protect 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