Don't Lose Your Vacation Investment Due to Political Instability

Don’t Lose Your Vacation Investment Due to Political Instability

Pandemic-era travel restrictions are largely a thing of the past. With this “return to normalcy”, the travel industry has been undergoing a resurgence that will likely continue through 2023, per a recent U.S. Chamber of Commerce article.

With COVID-19 finally taking a backseat, other travel risks are moving into the spotlight. One risk to be aware of is that of political unrest. An example can be found in this informative New York Times piece  detailing how transportation-related strikes in Europe are disrupting travelers’ trip plans.  

What happens if your vacation plans are thwarted because of political unrest? Or worse yet, what if you find yourself stranded because political unrest has delayed or canceled your transportation home? These risks are worth hedging against. After all, when you add in travel costs, lodging, food, etc.; it’s plain how much you stand to lose if forced changes occur.

So, what can you do?

You can’t control the stability of politics. What you can do though is hedge against the risk it represents. Dan Drennen, Director of Sales and Marketing at Travel Insurance Center^® offers some viable travel-insurance-related solutions.

Cancel For Any Reason policies is one such solution. According to Drennen, it can provide coverage in the instance of political upheaval, as well as in other situations.

Cancel For Any Reason insurance may include coverage for:

• Trip cancellation
• Trip interruption
• Travel delays
• Emergency medical
• Emergency medical evacuation
• Baggage protection
• Baggage delay
• 24-hour emergency assistance services

Three Points Concerning Cancel For Any Reason Eligibility

1. The policy must be purchased within 21 days of your very first trip payment or deposit. If you go beyond that timeframe, then Cancel For Any Reason insurance policies are not an option. 
2. You must insure the full, pre-paid, non-refundable cost of the trip. 
3. If you do cancel for any reason not covered under the standard trip cancellation provisions of the policy, you must do so 48 hours or more before departure. Therefore, time is of the essence in procuring this type of coverage.

So, where can you get suitable Cancel For Any Reason Insurance?

When it comes to purchasing travel insurance, there are so many options. It’s important that you utilize the best solutions for your budget and situation. To that end, Dan Drennen recommends working with knowledgeable travel insurance agents. “A good agent works for you, keeping your best interest at heart,” states Drennen. “They do the work to find solutions that offer the protection you need at a cost you can afford.”

If you need Cancel For Any Reason insurance, or if you’re in the market for other travel insurance solutions, consider giving the Travel Insurance Experts at Travel Insurance Center^® a try. They specialize in finding the best travel insurance options for your specific needs and budget. Give them a call at 1.866.979.6753. They’d be happy to help you with all your travel insurance needs.

Travel Insurance Center is operated by Senior Market Sales LLC a licensed insurance marketing organization. Insurance services provided by Senior Market Sales LLC. This is a solicitation.