Travel Insured International reports growing demand in the fourth quarter for its Worldwide Trip Protector Lite and Lite Expanded programs, flexible travel insurance plans designed for budget-minded and family travelers that launched earlier this year. The company notes that the surge in demand of its WTP Lite plan corresponds with an American Express survey of 1,100 of its agents in which 77 percent of surveyed agents reported their vacation clients are looking for more bargains, and 53 percent reported clients are “purchasing travel protection for delayed and canceled reservations.”
The dual-level protection plan combines strong, basic travel insurance at affordable premium with a menu of available upgrades and coverage options. The plan format of Trip Protector Lite and Lite Expanded allows agents to match travel protection choices to the type of client trip booked and individual protection needs of the specific client.
The plan includes a Cancel for Work option that clients may select as a supplemental coverage for $24 per adult in added premium. This option provides for full Trip Cancellation or Trip Interruption benefits for employer-documented job disruptions involving the insured or his or her travel companion. These could include a compulsory meeting or other requirement for work, a job transfer of 250 miles or more, a company acquisition involving the insured or a travel companion, or a company being made unsuitable for work due to fire, flood, burglary, vandalism or natural disaster.
The plan also includes a “Kids are Free” benefit that provides free coverage to each child under the age of 18 per related adult enrolled on the same plan and traveling with the child under the same paid coverage. A School Year Extension benefit is included that provides coverage in case of an unforeseen weather event that extends a child’s school year beyond the pre-set calendar and disrupts a scheduled insured trip.
Travel agents’ commissions of up to 15 percent are protected with every Travel Insured plan. This means agents need not fear they will lose their travel commission after their client must cancel for a work-related or other issue. Following resolution of their client’s claim, the agent may then file for a reimbursement of their base travel commission up to 15 percent.