ustia-travel-insurance-survey-blog-featured

UStiA Survey Reports 17% Increase in Purchase on Travel Insurance Plans

  • Clay Coomer
Oct 06, 2015


2014 was a big year for travel

According to The Travel Protection Market Survey 2012-2014 produced by UStiA** (United States Travel Insurance Association), over 152 million Americans were covered by a variety of travel related protection products in 2014. That includes emergency service products, annual products, per-trip protection, travel medical and various other programs offered from UStiA member companies.

Think about that. With the U.S. population topping out at 318 million in 2014, that means nearly 50% of Americans were covered at some point by a travel protection plan or related product.

Why is this important?

You're probably asking yourself, "So what? Who cares?" Those are both great questions. This survey is very telling and is a strong indication that travelers are becoming savvier about planning trips. Perhaps the term is cautiously optimistic would be most appropriate. Every traveler (should) approach travel experiences with optimism but also must keep in mind the "what ifs" associated to trips.

Additionally, an increase in travel protection plans suggests a stronger economy. How? These plans typically cost between 4-8% of total trip cost. It, of course, is an assumption, but seems fairly easy to deduce that most Americans have more disposable income to spend on adding coverage to their trip.

3 shareable sound bites from the 2014 market survey

  1. Americans spent over $2.2 billion on all types of travel protection.**

  2. 24.5 million travel protection plans were sold by UStiA member companies.**

  3. Approximately 33.4 million Americans were covered (specifically) by a travel protection plan.**

Trip Protection Plans by Seven Corners

With more and more Americans discovering the need to include trip protection while planning vacations, it's up to UStiA member companies to be "johnny on the spot" when it's time to purchase.

If you're currently in the market for a plan, consider RoundTrip® Trip Protection. It might be the best travel insurance plan you've never heard of...

Trip protection insurance by Seven Corners.

**Source: The Travel Protection Market Survey 2012-2014, conducted by the UStiA. (ustia.org) Image Source: UStiA - The Travel Protection Market Survey 2012-2014

This website and various social media updates provided by Seven Corners contain content, information, articles, and links to websites created by third parties. Seven Corners, its owners, and its employees neither endorse nor are responsible for the accuracy, timeliness, or reliability of any third-party information, statements, opinions, or advice and are not liable for any loss, harm, or damage caused by your reliance upon them. Use of such information or the linked websites is entirely at your risk. Concerns regarding this third-party content should be directed to the third party. Seek professional advice, as appropriate, regarding your use of the such information and websites.

Because the information on this website and in Seven Corners’ blogs and other social media is written and compiled using knowledge and information available at a certain point in time, it may become outdated. For that reason, information, events, legal requirements, and product changes (including benefits, limitations, exclusions, and services) may not be up-to-date, complete, or accurate at the point in time it is being read. Again, use of such information is at your risk.

Documents

Privacy Information
Terms of Use
Security Statement

Connect with Seven Corners

About Us
Newsroom
Careers

   

Contact Us