More travel and disrupted travel plans have meant more interest in travel insurance, which covers trip cancellation, lost luggage and delays.
"The baseline of normal has changed significantly," said Jeff Rolander, vice president of claims at Faye Travel Insurance.
More travelers seeking out trip insuranceConsumers are reacting to increasingly extreme and unpredictable natural disasters by more often opting into travel insurance.
According to Squaremouth.com, a travel insurance quoting and comparison engine, the travel insurance market has grown significantly since 2020, when travel came to a halt.
But increased delays due to extreme weather are also contributing to the growth.
Persons:
Jeff Rolander, Squaremouth.com, Nick Lazzari
Organizations:
Faye Travel Insurance
Locations:
Rhodes, North America, Mexico