More Travel Overseas, More Buy Travel Coverage
It doesn't seem to make sense, but with fuel prices high, consumer confidence low and groceries and everything else going up, AAA says more Americans will travel abroad this summer than last., a 2.6% increase.
A recent article from the LA Times suggests they may choose a less expensive destination, or spend less once there, but travel abroad they will yet.
They will also be protecting themselves better. A recent article from the Arizona Republic, reprinted in the Detroit Free Press says travel coverage is more in demand as well. This echoes a trend we wrote about last summer. What's interesting is the fastest growing segment of travel insurance is medical evacuation and other medical related coverage.
As baby boomers begin to reap the rewards of their collective lifetime of hard work, it's hardly suprising those traveling are also looking to safeguard their health. It is increasingly important to them that, in an emergency, they can be cared for by the doctors and hospitals they know and trust, and who know their specific medical situations. Medical evacuation membership programs, like Air Ambulance Card give them the peace of mind of knowing they will choose which hospital they will be flown to in an emergency, and the financial protection of knowing they won't pay a dime more than the low yearly membership price.
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