Insurance coverage

Price and ability to customize travel insurance coverage tops consideration among Americans traveling in 2022: Battleface – InsuranceNewsNet

MAY 02, 2022 (NewsRx) — By a News Reporter – Staff News Editor at CDC and FDA Daily — battleface released its first annual report WE Travel insurance consideration report. Driven by Opinion research, the new survey found that while 80% of Americans plan to travel domestically this year, only three in 10 Americans plan to consider protecting their travel investments by purchasing travel insurance. Respondents cited price and the ability to customize coverage options as the top reasons for not considering travel investment protection.

As travel industry volatility continues amid the ongoing COVID-19 pandemic, battleface has answered consumer calls for individualized products and customization with its first bespoke travel insurance plan. The approach comes at a time when more than two-thirds of Americans (64%) said the biggest influence on their decision to buy travel insurance was cost, while 44% said they were the most influenced by the ability to create a policy tailored to their specific needs when purchasing travel insurance.

“Providing relevant benefits to meet the needs of today’s travelers is one of our key principles,” said Lisa Conway, head of underwriting at battleface. “With personalization in mind, this a la carte approach creates opportunities for greater customer satisfaction and ultimately saves money.”

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