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Vacationers Selecting To Prioritize Journey Insurance coverage

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Vacationers are exhibiting important curiosity in defending their journeys this summer season, in keeping with a brand new survey of Allianz Companions USA prospects, which discovered that 90 p.c say they’re prone to buy journey insurance coverage for his or her subsequent journey.

The random pattern of greater than 2,600 prospects who bought a coverage between late March and mid-April 2022 outlined a visit as at the least two nights away at a vacation spot 100 miles or extra from dwelling. Primarily based on the research, 9 out of 10 respondents have been “extraordinarily or considerably seemingly” to buy a journey insurance coverage coverage when reserving their subsequent getaway.

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Allianz’s analysis additionally discovered that the majority prospects plan to journey within the close to future with summer season journeys deliberate throughout the U.S. in addition to to locations in Europe and the Caribbean, amongst others. Six in 10 respondents say they may journey within the subsequent one to 4 months and 21 p.c plan to make a journey within the subsequent month. Home locations cleared the path with 46 p.c touring throughout the continental U.S. European getaways (27 p.c) are additionally fairly widespread whereas 16 p.c are concentrating on a visit to Mexico, the Caribbean and Hawaii. Simply 5 p.c are planning summer season journey to Canada.

Moreover, virtually one-fifth of Allianz prospects are planning cruises whereas as few as one in ten plan to take highway journeys.

Maybe unsurprisingly, COVID-19 continues to be the chief concern amongst summer season vacationers. Survey respondents cited “one other COVID spike inflicting journey points or delays” (37 p.c) and “testing optimistic for COVID earlier than or throughout my journey” (24 p.c) as their best worries forward of “costlier meals and leisure” (7 p.c) and “greater gas costs” (6 p.c).

In relation to the assorted modes of summer season journey, air journey dominates (61 p.c), edging out cruising (18 p.c) and highway journeys (11 p.c). As for the actions they will be taking part in, many (44 p.c) plan to go to the theater or attend a present whereas practically one in 5 has circled a live performance or music competition (19 p.c). In the meantime, 15 p.c of respondents mentioned they plan to attend a health-focused retreat/occasion or go to a theme park, 13 p.c will attend a sporting occasion, 12 p.c will attend a marriage and 9 p.c will attend a convention.

“Our prospects inform us that they are desperate to journey this summer season and discover the locations that they’ve waited so lengthy to go to,” Daniel Durazo, director of exterior communications at Allianz Companions USA, mentioned in a press release. “However they’re additionally taking precautions to guard their journey funding towards unexpected lined circumstances that will derail their journey. Whereas COVID continues to be a prime concern, journey insurance coverage can present protection for lined epidemic diseases, medical emergencies and individually-ordered obligatory quarantines, in addition to different surprising lined cancellations, journey interruptions, journey delays and baggage points.”



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