ST.
PETERSBURG, Fla., Aug. 20,
2024 /PRNewswire/ -- Flight delays have become a
common frustration for travelers throughout the United States. Roughly 21% of all flights
this year have arrived at their destination at least 15 minutes
later than expected, according to data from the Department of
Transportation.
Lengthy delays not only frustrate travelers, but can also result
in significant financial losses by disrupting their itinerary.
Squaremouth.com, leading US travel insurance marketplace, discusses
the impact of travel delays and how travelers can protect
themselves in the future.
Airline Delays Account for 25% Claims
Historically, airline delays are one of the most common reasons
travelers file a claim, and this year is no exception. According to
Squaremouth data, over 25% of all paid claims in 2024 are a result
of flight delays and missed connections, which is consistent
with last year. On average, these claims saved travelers an
average of $435 per policy.
Protect Yourself from Delays
With travel up nearly 10% this fall and trip costs soaring
even higher, travelers with upcoming trips should consider a travel
insurance policy that includes the following benefits:
Travel Delay: Covers out-of-pocket expenses during a
delay of at least 3-12 hours, including meals, accommodations, and
transportation expenses. If a delay meets these requirements, the
Travel Delay benefit can reimburse between $100 to $5,000,
depending on the policy.
- Missed Connection: Reimburses the costs to catch up to your
trip and make it to your destination. Most policies require a delay
of at least three hours, and coverage within this benefit ranges
from $50 to $2,500 depending on the policy.
Methodology: Travel insurance claims data is
based on paid claims made by Tin Leg customers filed between the
dates of 1/1/24 – 8/1/24.
Available Topic Expert: Jenna
Hummer is available for comment and interview.
jhummer@squaremouth.com
About Squaremouth: Squaremouth.com has insured
over 3 million travelers. Using Squaremouth's intuitive quoting and
comparison engine, award-winning support team, and verified customer
reviews, travelers can save time and money to find the best travel
insurance policy for their trip.
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SOURCE Squaremouth