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Despite worries over coronavirus, most people booking travel don’t plan to buy trip insurance, survey finds - CNBC
More than half of U.S. travelers planning to book trips will not insure their purchase, according to a survey of more than 1,200 Americans by ValuePenguin.
That’s despite the near-shutdown of global tourism, the struggle to get refunds on canceled spring and summer travel plans, and lingering questions over how and when airlines, cruise lines, hotels, theme parks and other travel industry sectors will get back up and running at full steam.
“Travel insurance is a tricky thing,” said ValuePenguin travel expert Brett Holzhauer. “If your travels have never gone wrong, you’re not really inclined to buy it.”
But due Covid-19, more people are realizing it can help, he said. Among those now planning some travel, 23% will definitely buy insurance and 21% may do so, ValuePenguin found.
More than half of U.S. travelers planning to book trips will not insure their purchase, according to a survey of more than 1,200 Americans by ValuePenguin.
That’s despite the near-shutdown of global tourism, the struggle to get refunds on canceled spring and summer travel plans, and lingering questions over how and when airlines, cruise lines, hotels, theme parks and other travel industry sectors will get back up and running at full steam.
“Travel insurance is a tricky thing,” said ValuePenguin travel expert Brett Holzhauer. “If your travels have never gone wrong, you’re not really inclined to buy it.”
But due Covid-19, more people are realizing it can help, he said. Among those now planning some travel, 23% will definitely buy insurance and 21% may do so, ValuePenguin found.