AAA says its travel insurance sales have increased more than
20% this year, following a 13% rise in 2017.
"Travelers are increasingly not taking chances, and
they're choosing to invest in the value and peace of mind that travel insurance
can provide, for international as well as domestic and cruise vacations," said
Bill Sutherland, senior vice president of AAA Travel and Publishing.
A recent AAA survey revealed that 38% of travelers are
likely to purchase insurance for future international trips. The most valuable
benefit to consumers is trip-cancellation protection.
Seventy percent said the cost of their trip is the leading
factor for deciding whether to purchase insurance. Other considerations are
personal or family health concerns (69%), how far into the future the trip is
booked (61%) and recommendations from friends or family to purchase insurance
(57%).
For its survey, AAA conducted a telephone survey of
landlines and cell phones in June. In total, 1,003 adults in the continental
United States were surveyed.