According to the U.S. Travel Association, 64 percent of Americans plan to take a leisure trip this summer, an increase of 61 percent in 2011. More than one quarter of them could wind up losing a piece of jewelry, according to a survey by Perfect Circle Jewelry Insurance, a product of Jewelers Mutual Insurance Company The survey of 600 married women in the U.S. found that not only do this many travelers lose a jewelry item…
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Travel insurance for cruise lines can keep expenses afloat
The floundering of the Italian cruise ship Costa Concordia illustrates that it’s not only handy to have travel insurance when trying to replace a lost suitcase, it can also come to the aid of those who have to take an unexpected swim. When Captain Francesco Schettino steered his boat too close to the island of Giglio and “tripped” his way into a lifeboat, his stranded passengers had to fend for themselves and leave their possessions…
Read MoreIs travel insurance necessary?
The eruption of the Eyjafjallajokull volcano in Iceland this past March cancelled hundreds of flights and stranded thousands of travelers across Europe in mid-April, and inadvertently served as a prime example of why travel insurance is often a wise investment. “It promotes protection from the unknown,” says Suzanne Munson, spokesperson for Seven Corners, a travel agency based outside of Indianapolis. “For those individuals who had trip cancellation insurance during the situation with the volcano [in…
Read MoreTaken: Kidnap and Ransom insurance policies
David Rohde, a New York Times reporter in Afghanistan, 2009. Elizabeth Smart, a 14-year-old girl in Salt Lake City, 2002. In March 2011, twenty-two Canadian oil workers were held as hostage in Bogotá, Columbia by local rebels. New York Times journalists Lynsey Addario, Anthony Shadid, Stephen Farrell, and Tyler Hicks, Libya, March 2011. These are the names we associate with contemporary kidnapping cases: Journalists taken while reporting in war zones; foreign employees captured by guerilla…
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