Home » Business » Significant Increase in Travel Insurance for Insured Travelers this Summer

Significant Increase in Travel Insurance for Insured Travelers this Summer

The strikes, the increase in airline cancellations or the electoral call have resulted in a 178% increase in the number of insured travelers for this summer.

The majority of these travelers also choose to take out cancellation insurance, that is, a policy in case something unforeseen arises before leaving, according to data collected by IATI Seguros.

The holidays after the pandemic are no longer what they were before. Tranquility has given way to uncertainty for Spanish travelers during the summer months.

For this July and August 2023, the sum of strikes in the tourism sector, the increase in cancellations by airlines that threaten European airports or the call for elections are being decisive in adding an extra to the suitcase that is already considered essential, travel insurance.

In fact, half of the Spaniards who travel this season will do so. And it is that the contracting of travel insurance has increased by 68% compared to the figures from before the pandemic and has grown by 178% compared to last year, that is, almost double, according to data compiled by IATI Insurance.

This uncertainty has also caused changes in areas for Spanish travelers, such as incorporating the option of cancellation or cancellation for their getaways or trips.

This possibility of adding a supplement has increased by 48%, compared to the year before the pandemic. In the last year it has increased by 165%. As a novelty, currently, it is no longer necessary to contract cancellation insurance in advance, as it has always had to be done.

With this new product that adapts to the changing market, IATI Premium Cancellation, this coverage can be contracted at any time.

“These data make it clear that we Spaniards want to travel calmly and without worries on our vacations and for this our travel insurance has to be adapted to the needs that arrive,” explained Alfonso Calzado, CEO of IATI Seguros.

Express. Drafting. RA

2023-07-10 06:46:43
#Spaniards #travel #travel #insurance

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.