STREET. Petersburg, Florida, January 29, 2025 (Globe Newswire) – as Travel costs increased by 2024More travelers sought protection through travel insurancewhich leads to an 18% increase in claimations paid during the previous year. This increase in claims coincided with a dramatic increase of 37% in payment amounts, which grew from an average of $ 1,900 to $ 2,609.
Squaremouth.com, the country’s leading travel insurance market, reveals the most common claims and highlights the benefits of travel insurance that saw the highest reimbursement payments in 2024.
Emergency medical claims exceed the cancellation of the trip for the first time in more than a decade
For the first time in more than 10 years, Emergency doctor It became the best paid and most claimed unique benefit, representing 27% of all payments paid in 2024. Average emergency medical claims increased by 14%, increasing from $ 1,456 to $ 1,654.
Cancellation -related claims represent most of the payments paid
More than 40% of the claims paid in 2024 emerged from trips that were canceled or cut. This includes claims within the Travel cancellation, Travel interruptionand Cancel for any reason benefits.
Travel delays continued causing headaches
Despite the Dot’s 2024 Predge To support travelers affected by flight delays and cancellations, travelers still depended largely on travel insurance to make travel delays less expensive and more comfortable. Claims paid for travel delays increased 15% in 2024, with the average payments that increased by 8% compared to 2023.
| Type of claim for benefit | % claims | Avg. Affirm | The highest claim |
| Emergency doctor | 27% | $ 1,654 | $ 61,976 |
| Travel cancellation | 26% | $ 1,456 | $ 50,102 |
| Travel delay | 15% | $ 370 | $ 2,655 |
| Travel interruption | 11% | $ 2,631 | $ 30,968 |
| Lost connection | 10% | $ 395 | $ 2,500 |
| Cancel for any reason | 6% | $ 2,092 | $ 18,375 |
| Loss of luggage | 4% | $ 174 | $ 1,000 |
| Luggage delay | 4% | $ 210 | $ 600 |
| Medical evacuation | <1% | $ 17,086 | $ 33,640 |
| Damage to car rental | <1% | $ 1,209 | $ 1,987 |
Most travel insurance policies are comprehensive and include coverage for the majority of the benefits listed above. When Considering travel insurance in 2025Travelers should take the time to compare their options to find politics with the coverage they need for the best price.
METHODOLOGY: Squaremouth Analytics compared data of LE travel insurance claims between January 1 and December 31, 2024 to compare policy prices with claims payments. Tin Leg is a travel insurance supplier and a member of the Squaremouth Group since 2014.
Contact: Jenna Hummer
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