Travel Disruptions in 2024: The Rising Cost of Delays and Missed Connections
August 20 2024 - 8:23AM
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.
Jenna Hummer
Squaremouth
4349608093
jhummer@squaremouth.com