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- Every May 14
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National Travel Insurance Claims Day recognizes the dedicated professionals who process claims and ensure peace of mind for travelers every May 14. These experts navigate complex situations, turning stressful incidents into resolved issues. Take a moment to appreciate their crucial work, understand their impact, and acknowledge their commitment to making travel safer for everyone.
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History of National Travel Insurance Claims Day
National Travel Insurance Claims Day was first observed in 2019 by Aon Travel Practice, a travel insurance organization in the United States. Have you ever wondered what benefits travel insurance offers? Designed to offer maximum protection for you, travel insurance can cover a multitude of travel mishaps including trip cancellation, trip interruption, travel delay, emergency medical assistance, evacuation, baggage loss and damage, theft, and delay of travel belongings. This is especially useful if one is traveling abroad for a long period of time or has to avail several modes of transport during their trip.
Travel insurance became especially popular over the last 50 years or so but it has existed in some capacity for almost 150 years. It has changed over the years with the introduction of various new types of travel insurance coverage that protect travelers from illnesses, trip cancellation, kidnapping, and other potential dangers of travel.
James Batterson owned and operated the first travel insurance agency in 1864. At the time, travel insurance was almost exclusively used by the upper class and upper-middle class. Batterson’s travel insurance company covered all of the costs associated with travel, including theft and other unexpected incidents. In the 20th century, health insurance coverage was added to travel insurance policies and customers were quick to grab it. However, current travel insurance also makes up for losses due to missed hotel reservations, canceled flights, and other unforeseen bumps during travel. This made travel insurance a necessary purchase for many businesses and international vacationers. As air travel got popular, so did purchasing travel insurance schemes. Meanwhile, an expansion in the benefits of travel insurance is anticipated to occur in the next decade,
National Travel Insurance Claims Day timeline
The earliest concept of insurance is noted in the Hammurabi Code, history’s first written law.
The Ancient Greeks and Romans provide forms of life and health insurance to some of their citizens.
James Batterson creates the first modern travel insurance company.
The percentage of travelers opting for insurance jumped 30% after 9/11.
National Travel Insurance Claims Day FAQs
When is National Travel Insurance Claims Day?
In 2027, National Travel Insurance Claims Day is observed on Friday, May 14. This annual observance highlights the critical support claims professionals provide to millions of travelers each year.
How many travel insurance claims are filed annually?
The volume of travel insurance claims continues to be substantial, with industry reports indicating that hundreds of thousands of claims are processed in the U.S. alone. This underscores the constant demand for expert claims professionals to manage diverse and often complex situations.
What is the size of the global travel insurance market?
Projected to grow steadily, the global travel insurance market is expected to exceed $30 billion in the coming years. Factors like rising international travel, geopolitical uncertainties, and health concerns continue to drive demand for comprehensive travel protection plans worldwide.
What does a travel insurance claims professional do?
The role of a travel insurance claims professional involves a blend of analytical skills, empathy, and regulatory knowledge. They are instrumental in guiding travelers through often stressful situations, ensuring that the benefits of their insurance policies are realized when unexpected events occur during their journeys.
How to Observe National Travel Insurance Claims Day
Get travel insurance
Planning to travel in the near future? Then National Travel Insurance Claims Day is the perfect occasion to get travel insurance for you and your loved ones. You should especially consider getting one if you are traveling abroad.
Go on a vacation
So you already have travel insurance in place? Put it to good use by planning a vacation on National Travel Insurance Claims Day. Travel without fear for all your worries have been taken care of!
Thank a travel insurance professional
Do not forget to thank a travel insurance professional on National Travel Insurance Claims Day. Send your travel insurance professional friend a card and a social media shoutout.
5 Interesting Facts About Travel Insurance You Should Know
Travel insurance can cover adventure sports
Travel insurance policies can cover accidents or other issues related to adventure sports, including bungee jumping, paragliding, zip-lining, and more.
It insures you from animal-caused nuisances
It’s not uncommon for travelers to claim baggage manhandled by errant animals.
There are three categories of travel insurance
Three types of travel insurance are categorized under trip investment, personal health, and personal belongings insurance.
Animal attacks are covered
People can claim travel insurance for snack bites and maulings.
Pets can be insured too
Pet travel insurance covers expenses relating to the death, injury, or loss of pets.
Why National Travel Insurance Claims Day is Important
It’s indispensable to worry-free travel
It is always advisable to get travel insurance before you travel abroad or for a long period of time. No one likes to worry while traveling as it is a time to relax and enjoy the company of your loved ones. National Travel Insurance Claims Day reminds us of the importance of travel insurance.
To save money
Even when you purchase travel insurance, you are saving money. National Travel Insurance Claims Day offers the best schemes for you and helps you navigate travel insurance to minimize any losses due to travel hassles.
To raise awareness
Although travel insurance proves to be vital for travel abroad, a 2020 report stated that only 12.8% of United States-based travelers usually purchase travel insurance. Reasons for traveler underinsurance include travelers’ misunderstanding of risk at the destination and perceived destination familiarity.
