Growing Demand for Travel Insurance among Peruvians: Protecting Travelers and Their Finances

More and more Peruvians travel to do tourism within the country and also abroad. According to information from the Ministry of Foreign Trade and Tourism (Mincetur), between January and July, the departure of 1 million 681,508 Peruvian resident tourists (73%) was reported, which represented an additional flow of 710 thousand compared to the same period in 2022. Furthermore, regarding domestic tourism, it is projected that this year the country will reach 34 million trips, which would mean a growth of more than 25% compared to last year.

But how protected are we Peruvians when we travel? Are we cautious travelers? “In addition to taking all preventive measures before making a trip, such as checking the weather and the documentation that is required to be carried, it is important to consider hiring a travel insurancea service that provides you with everything from medical coverage in case of illness or accidents to assistance in case of flight cancellation or delays, problems with luggage and much more,” he says. Laura Arboleda, director of General Risks at MAPFRE.

In that sense, to continue taking care of the safety and also the economy of the thousands of Peruvians who travel, the executive recalls the main benefits of traveling with the protection of travel insurance:

1. Medical coverage: One of the most important aspects of travel insurance is medical coverage abroad. The insurance provides medical care in person and virtually, as well as medication coverage. Having this policy can help you access quality medical care and save a lot of money. “92% of the claims registered by our travel policy insured are for medical assistance and among the countries with the most expensive care and with the most recurring requests are Spain and the US,” Arboleda says.
2. Delayed and canceled flights: Travel insurance gives you the possibility of recovering expenses for basic needs that may arise in the event of problems with the flight, such as delays or even cancellations.
3. Compensation for lost luggage: Losing luggage can be a headache, especially if it contained items of high monetary or sentimental value. Travel insurance offers complementary compensation to that offered by airlines, depending on the type of coverage you have contracted.

Travel insurance is a sensible investment for any traveler. The value of the premium will depend on the destination you are going to and the length of your stay, but without a doubt in the event of an emergency you will save a lot of money if you are insured. Remember that, although it is not mandatory, some countries require travel insurance to enter their territory, so it is important to check the information on your final destination.

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