InsureMyTrip anticipates high demand for academic travel insurance

“More and more schools are re-engaging in their study abroad and domestic travel programs. Students are eager to get back out into the world, but as concerns loom about the ongoing pandemic and growing instability in Europetravel protection is a top priority,” says InsureMyTrip Senior Vice President Suzanne Morrow.

Resume:

  • While academic travelers have stayed closer to home during the pandemic, international travel now accounts for about 60% of trips.
  • Greece, Ecuador, Ireland, Italy, IcelandY Czech Republic are the main international destinations.
  • Seventy-seven percent (77%) of plan owners choose to add Cancel for Any Reason (CFAR) coverage. Interruption for any reason (IFAR) coverage is also in high demand as participants seek maximum protection.
  • Helping prevent financial loss from a canceled trip due to pandemic-related concerns is the number one motivating factor for purchasing travel insurance.

travel insurance solution

The Academic Explorer Travel Protection Program provides trip cancellation and interruption with additional travel insurance benefits including lost baggage, delayed baggage and trip delay. The travel insurance in the program is underwritten by USA Fire Insurance Company.

The innovative program, designed to help safeguard the financial investment inherent in domestic and international travel, offers flexibility to travel in times of uncertainty. Coverage is available to participating students, teachers, and chaperones. Academic Explorer plans are used to cover a variety of educational trips, including study abroad and school trips.

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