Insured air travel trips increased by 43% in 2018. Bad weather and other factors are making insurance a good investment for travelers. (Photo: Shutterstock)
With the frigid temperatures covering much of the country, a trip to warm locale just might be in order. Travel, whether for business or pleasure, has grown in popularity and Generali Global Assistance's Travel Insurance division recently shared insights on the trends it observed in 2018.
Travelers spent approximately 5% more on the cost of an average trip, coming in at $1,976.83 last year. For those who wanted to insure their trips against the unexpected, the average premium remained the same as in 2017 – $139 per trip. Travelers spent an average of nine days on their trips, which has remained the same for the last three years.
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Patricia L. Harman
Patricia L. Harman is the editor-in-chief of Claims magazine, a contributing editor to PropertyCasualty360.com, and chairs the annual America's Claims Event (ACE), which focuses on providing claims professionals with cutting-edge education and networking opportunities. She covers auto, property & casualty, workers' compensation, fraud, risk and cybersecurity, and is a frequent speaker at insurance industry events. Contact her at [email protected]
