By Tariro Mzezewa
When the budget airline Wow Air abruptly ceased operations earlier this year, thousands of travelers were left stranded and scrambling, on both sides of the Atlantic, to make alternate travel plans.
Can travel insurance help?
“When you purchase a trip insurance plan to protect the money you spent for your trip, it’s important to know what your total nonrefundable trip cost is,” said Justin Tysdal, CEO of Seven Corners Inc, a travel insurance provider. “That’s the amount you want to insure. Take a moment to consider if that dollar amount is material to you. What if you had to cancel your trip, and you had to absorb that loss? If the trip expenses are a material amount to you, you’ll want to buy trip insurance.”
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