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Annual Travel Insurance — Wander Frequent Traveler

Jul 26, 2016

In today’s global world, the number of people who frequently travel overseas continues to increase, and Wander Frequent Traveler is an option to quickly and easily cover them. 

Why do Frequent Travelers Need Wander?

Ease and Convenience – With one payment, you’re covered for any trips taken over the next 364 days, as long as you’re traveling outside your home county. Choose from two options — coverage for 30-day or 45-day trips.  

Great Benefits  

  • $1,000,000 medical maximum
  • 100% coinsurance outside the U.S. and Canada | 90/10% coinsurance in the United States
  • $1,000,000 emergency medical evacuation (in addition to the medical maximum)
  • $50,000 political evacuation and repatriation
  • $50,000 medical expenses for a terrorist incident

Economical – Compare the cost of multiple separate trips with the cost of Wander.  It’s especially economical if you’re traveling with family; the rate to cover a spouse and two children is half the primary’s rate! 

Where’s the Market?

Our data shows that while many different types of travelers choose Wander, they often tend to be middle aged or older.

Here’s a quick summary of markets where it is particularly popular:

  • Business travelers — They often take multiple trips during a year, some for extended periods up to 30 or 45 days.
  • People living in the northern United States frequently travel to Canada for business or to visit family and friends.   
  • Non-U.S. citizens living in the United States travel home on a regular basis to see family and friends.
  • Retired and/or wealthy individuals take multiple leisure trips abroad each year.

Show Me the Stats!

The market is there for travel. According to the International Trade Administration, trips for U.S. residents traveling abroad totaled $73.4 million in 2015, an increase of 7.7% over 2014.  

Why are U.S. residents traveling? According to the National Travel and Tourism Office’s 2014 Market Profile, the top three reasons for travel are (with the corresponding percentage):

  1. Vacation/Holiday 51%
  2. Visit Friends/Relative27%
  3. Business 11%

These are all markets for Wander, and together they make up roughly 89% of the total outbound market. And we haven’t even touched on inbound travelers. They need Wander for the same reasons!

So, if you’re looking for a way to expand your book, consider Wander Frequent Traveler! You may have existing clients already who need an option like this to protect them.  

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