Most Americans don't understand travel insurance, study shows
Jeffrey D. Allred, Deseret News
Only half of Americans say they know what travel insurance covers, according to a study released yesterday by thepointsguy.com.
The statistic isn’t terribly surprising considering the study also found that only 21 percent of Americans purchase travel insurance at all, and only 7 percent of those purchase it regularly.
“Even people who purchase travel insurance don’t know exactly what they are buying and what it will cover,” Brian Kelly, “The Points Guy,” wrote on his website Wednesday.
The survey also found the most prominent reason Americans buy travel insurance is to cover their costs in the case of a cancellation, and only 37 percent of respondents actually think travel insurance is worth their money.
“As more and more mainstream travelers venture farther afield to corners of the globe that were once inaccessible more and more of us are going to be considering travel insurance,” Kelly wrote, “it’s important to know what’s out there.”
- 50 highest paying jobs in Utah
- 7 ways to help your loved one when they've...
- How not to buy a rental property
- Balancing act: Different kinds of guilt...
- Is preschool worth the money?
- Low unemployment rates contribute to dropping...
- Consumer confidence continues to climb in Utah
- Why we don't need to worry that Utah cities...
- Marijuana could deliver more than $800... 13
- 7 reasons why millennials are... 13
- Low unemployment rates contribute to... 7
- 4 things you don't want your boss to know 6
- Is preschool worth the money? 6
- Overdraft and ATM fees higher than ever 4
- Microsoft skips Windows 9 to emphasize... 4
- How to be a billionaire 4