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InsureMyTrip researchers found that couples are more likely to purchase travel insurance than families. According to InsureMyTrip data, 58% of the policies purchased for trips in 2023 name two people on a plan. While 14% name three or more.* However, it appears couples and families agree on their favorite vacation destination: Mexico.
Top 5 Destinations for Couples in 2023
- Mexico
- Italy
- Bahamas
- United Kingdom
- Israel
Top 5 Destinations for Families in 2023
- Mexico
- Bahamas
- Italy
- Dominican Republic
- United Kingdom
While travel insurance remains most popular with couples and older Americans, a policy can be beneficial to any number of travellers and at any age.
Why to consider travel insurance at any age?
A common misconception about travel insurance is that it is for and caters toward older Americans. However, a policy can be beneficial to Boomers and Gen Zers alike.
Here are two (2) important travel insurance benefits that travelers of all ages may want to consider:
- Emergency Medical: This coverage is key for those traveling abroad. Most domestic health insurance plans will not cover medical bills outside of the home country.
- Cancel for Any Reason: The add-on/optional benefit gives travelers the flexibility to cancel a trip for something other than a covered reason (e.g., fear). There are eligibility requirements, but if those are met, you may be reimbursed 50%-75% of your insured, prepaid, nonrefundable trips costs if you cancel at lease 48 hours before your departure.
Travellers can compare plans on InsureMyTrip.com. Comprehensive travel insurance plans can cover your prepaid, non-refundable trip cost, including flights and accommodations, in addition to providing robust key benefits including trip cancellation, emergency medical coverage, emergency medical evacuation, trip interruption, trip delay, baggage coverage, and 24/7 emergency assistance. Typically, these plans will run 4-8 percent of a total trip cost.
