US travel insurance booms as flyers take Thanksgiving risks

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US travel insurance booms as flyers take Thanksgiving risks

In the face of a sharp spike in domestic air-travel bubble despite health officials’ warning against mass-gatherings over the Thanksgiving holiday, a slew of US insurance websites had been witnessing an unyielding upsurge in traffics as travellers were found to be seeking ironclad travel insurances, largely aimed at breaking off the monotony of a year-long pandemic restriction measures which health experts were calling as a Covid-fatigue.

On top of that, according to data from an insurance comparison website Squaremouth, the number of insurance policies purchased over the US domestic trips ahead of the Thanksgiving holidays, had been up by 170 per cent compared to the same time in 2019, while about 40 per cent of all American travellers had particularly sought for the insurances that cover pandemic associated illness, insanely surpassing the top concerns of 2019 such as financial defaults and weather-related issues.

Insurance costs pick up as flyers seek covers related to pandemic illness

In tandem, since the US insurers sought to make the best out of this year’s top concern, the pandemic-led health issues, “Cancel-for-any-reason” policies that enable cancellations until up to two days before departure along with a 75 per cent payback, were priced 40 per cent higher than a regular policy, eventually spurring up an increase in overall cost of insurance covers.

Notably, in the latest flashpoint of people discarding health regulators’ advices, over 3 million Americans had passed through the US airports over last weekend despite US CDC’s (Centre for Disease Control and Prevention) call on “stay at home” and “avoid mass gatherings” as pandemic cases had been soaring across the United States with healthcare system clinging at the brink of a likely collapse.

Meanwhile, referring to American flyers’ fatigue over a year-long stay-at-home order, President of US travel insurer Seven Corners, Jeremy Murchland said earlier this week, “It’s just gotten to a point I think people are tired of being stuck at home and they’re looking to get away and go somewhere.