CARMEL, Ind., December 12, 2022 /PRNewswire/ — The latest customer data from WorldTrips shows that more and more travelers are spending more on their vacations. The average cost of a trip in 2023 Europe is already there $8,817 – this is from $4,684 in 2022. Domestic travel also increased with the average cost $7,878. This is because the prices of airline tickets, accommodation, and food and entertainment continue to rise around the world.
“The development of the average travel expenses in 2023 for popular US Destinations is a stark reminder of the macroeconomic trends that are directly impacting consumers,” said Mark Carney, CEO of WorldTrips. “Purchasing travel insurance that includes a cancellation benefit should be on every traveler’s radar as they prepare for those more expensive trips in 2023.”
What does travel insurance cover?
Atlas journey is travel protection designed for US Residents traveling domestically and internationally. Atlas Journey Economy, Preferred and Premier base fares include trip cancellation, trip disruption, trip delay, emergency medical assistance, emergency medical evacuation and baggage protection, and 24-hour emergency travel assistance. Travelers can customize the level of travel protection and expand coverage with optional upgrades:
Trip Cancellation for Any Reason (CFAR) – 50% or 75% refund if canceled for a reason not covered (upgrade available for Preferred and Premier plans only)
Trip interruption for any reason – Disruption coverage for an uncovered reason (only available on Premier plan)
destination wedding – Coverage in case the destination wedding is cancelled
adventure sports – Expands coverage to sports like safari, bungee jumping, hang gliding and more
Rental car damage and theft – adds comprehensive insurance, cover for theft of rental vehicles
Medical evacuation hospital of choice and increased maximum power limit – doubles medical evacuation coverage and offers evacuation to a hospital of your choice
animal care – Adds cancellation insurance for death/serious illness of your dog or cat; veterinary care if traveling with you
Primary Coverage: Baggage damage or loss – doubles baggage and baggage delay coverage, making baggage coverage the primary objective
vacation rentals – Interruption cover in the event of unclean/overbooked rentals or loss of keys
Additional covered events for academics, sporting events, volunteer and mission programs – Adds cancellation insurance if the student has to take a test, the school year is extended or a sporting event is scheduled
Travelers can visit WorldTrips.com to purchase products in addition to receiving destination-specific travel safety information.
Methodology: Data is collected from travel insurance purchases for Atlas journey plans made between January 1, 2022 – December 1, 2022.
Media contact:Tone CoomerWorld Trips
[email protected]
About World Trips
WorldTrips is a full-service organization offering a comprehensive portfolio of travel health and travel protection insurance products tailored to the insurance needs of travelers worldwide. WorldTrips is a member of the Tokio Marine HCC group of companies. For more information about WorldTrips, visit WorldTrips.com.
In which State of Californiaactive as WorldTrips Insurance Benefits. License number for non-California based manufacturers: 0G39705
WorldTrips’ Atlas journeyThe travel insurance products Atlas Cruiser and Atlas On-The-Go are underwritten by Tokio Marine HCC’s US Specialty Insurance Company (USSIAN). USSIC is a Texas– domiciled insurance company based in Houstonconsistently operating on a licensed basis The United States. Coverage is available for US residents of US states and District of Columbia only. This plan provides coverage valid only during the insured trip. You may have coverage from other sources that provide you with similar benefits but may have different limits depending on your other policies. You may wish to compare the terms of this policy to your existing life, health, home and auto insurance policies. Coverage may not be available in all states.
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SOURCE WorldTrips
