• International Insurance Blog

  • Tuesday, August 22, 2017

In a report recently released by the U.S. federal government, airlines delivered passengers and their baggage to their destinations on time 79.5% of the time. This represents the highest on-time rate since 2003. Even with airlines improving their performance, it's always a good idea to plan ahead with trip cancellation insurance.

With trip cancellation insurance, your travel expenses can be recouped, often up to as much as 75%, if your plans are cancelled because of flight delays, missed connections, or business reasons. While 795.5% on time is an improvement over years past, that still leaves over 20% of flights experiencing delays. And if you happen to fall into that 20%, the expenses associated with missing a flight can be very high.

You can add trip cancellation insurance to your international travel insurance policy for just a fraction of your actual travel expenses. So if you do have to use it, think of all the money you'll save from such a small investment.

While the results of this study are encouraging, it's always a good idea to approach an international flight with a backup plan in the form of trip cancellation insurance. Even if you don't have to use it, it will be worth the purchase to have peace of mind; and if you do have to use it, you'll be pleased with the money you save.

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