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From Business Travel Insurance to Medical Travel Insurance – Interest Skyrockets News Around The World Today (blog)

With everything that’s been going on lately – from an oil spill in the Gulf of Mexico to clouds of volcanic ash causing dozens of European airports to be closed, more and more people are looking into purchasing anything from business travel insurance to medical travel insurance before they take a business trip or go on holiday.

Close to 30% of leisure travelers now buy travel insurance, compared to the 10% that did prior to 9/11. And Americans spent close to $1.6 billion for travel insurance in 2008, according to a survey done by the US Travel Insurance Association. Trip cancellation coverage accounted for 90% of their purchases.

Bob Chambers of CSA Travel Protection in San Diego said on Tuesday, “We’ve seen a nearly 50% increase in calls since the Icelandic volcano eruption in April. The calls are coming from prospective customers inquiring about plan coverage for things such as the volcano, oil spill, and other events, as well as current customers seeking reassurance they will be covered.” Medical Travel Insurance Can Save Thousands Source:

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