Travel insurance popularity has tripled, says insure.com
Quotesmith.com, Inc. (ticker: QUOT, exchange: NASDAQ) News Release - 4/16/2002
Travel insurance popularity has tripled, says insure.com
WEST HARTFORD, Conn., April 16/PRNewswire/ -- Even though fewer people are flying, cruise bookings have dwindled, and tourism is generally in trouble since Sept. 11, almost three times as many people who are traveling are insuring their trips with travel insurance, according to findings by insure.com, a wholly owned subsidiary of Quotesmith.com (Nasdaq SmallCap: QUOT).
Traditionally about 12 percent of travelers buy travel insurance, but since Sept. 11 that figure has jumped to between 30 and 35 percent, say insurance industry sources. Consumers are also more aware of the high fees that come with canceling trips and the benefits of air-flight insurance. See insure.com's story at http://www.insure.com/articles/travelinsurance/travel.html.
Here are tips for becoming a savvy travel insurance buyer:
Make sure you read the policy and understand its exclusions. Some travel insurance companies have been reducing coverage in order to maintain a level price, while others have raised prices and kept benefits the same.
Check the policy to see whether the travel insurance will reimburse you for deposits if the travel provider goes bankrupt. Some policies will not cover you if your cruise line or tour operator shuts its doors.
Know how your travel insurance policy treats acts of terrorism, both in foreign countries and in the United States. Coverage for acts of domestic terrorism is sometimes not addressed in policies, which tend to focus on acts of terrorism in foreign countries.
Find a travel insurance policy that offers help services while you're traveling, such as 24-hour phone assistance if you need help rescheduling a flight, booking a hotel, or finding a doctor.
Consumers can get free travel insurance rate quotes from more than 30 companies by visiting www.quotesmith.com. Insure.com's writers are available for media interviews on travel, auto, home, health, and life insurance topics.
About insure.com and Quotesmith.com
Founded in 1984, Quotesmith.com owns and operates two comprehensive online consumer insurance information services, www.insure.com and www.quotesmith.com. Catering to self-directed insurance shoppers, Quotesmith.com provides a comprehensive array of comparative auto, life and health quotes, including news, information and decision-making tools that are not available from any other single source. Visitors to the company's Web sites are able to obtain instant quotes from more than 300 leading insurers, achieve maximum savings and have the freedom to buy from any company shown. Quotesmith.com generates revenues from the receipt of commissions, fees, content licensing and advertising revenues paid by participating insurers. Quotesmith.com also provides personalized insurance brokerage and policy placement services for its customers. Shares of Quotesmith.com trade on the Nasdaq SmallCap Market under the symbol "QUOT."
Insure.com (http://www.insure.com) produces extensive reports about consumer insurance issues. With insure.com's interactive tools, detailed feature stories, helpful tips, and popular reader forums, consumers can become savvy insurance shoppers.
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CONTACT: Amy Danise of insure.com, (860) 233-2800, ext. 19, or firstname.lastname@example.org.