May 16, 2012
Within the past few years, the travel industry dealt with a steady decline of revenue due to the recession during 2008 and 2009. During this time frame, individuals spent a dramatically lower amount of money on leisure activities, which then caused the amount that consumers spent on travel to steadily decline. The travel insurance industry began to see growth again leading from 2010 to 2011 when travelers took a greater interest in insuring their plans because they did not want to risk losing a large sum of money that was invested in a trip due to an unexpected occurrence such as a cancellation or delay. During Summer 2012, the travel industry is expected to grow due to disposable income steadily increasing.
With summer travel fast approaching, disposable incomes rising, and consumers beginning to invest a greater of portion of their incomes on travel expenses, Travel Insured urges travelers to invest in coverage more than ever. The increase in travel, as well as the increase of natural disasters has boosted the demand for travel insurance protection. It is also crucial for consumers to be aware of protecting their investments due to a higher risk of flight cancellations and delays. Policies can protect unforeseen events including delay or cancellation, medical emergencies, and lost baggage.
Travel Insured International®, a leading privately-owned travel insurance provider, urges fliers who may have overlooked travel coverage as a necessity in the past to reconsider for future summer travel plans.
Travel is only expected to rise throughout Summer 2012 and no matter what type of trip, prepared travelers will plan ahead with the policy which fits their coverage needs best in order to protect their travel investments.
About Travel Insured International®
Travel Insured International®, based in E. Hartford, CT, was founded in 1994 by the foresight of insurance industry executive Peter Gehris when he acquired the travel protection division of the Travelers Insurance Company...Arch Insurance is rated A (“Excellent”) for financial strength by the insurance rating service A.M...Not all insurance products or coverage is available in all jurisdictions. Coverage is subject to actual policy language.
Travel Insured International
52-S Oakland Ave.
E. Hartford, CT 06128-0568
For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2012/5/prweb9504415.htm