NerdWallet: Three common travel disasters and what to do about them

by | Sep 21, 2022 | Stock Market

This article is reprinted by permission from NerdWallet.  Air travel is a mess these days given this summer’s onslaught of delays and canceled flights. In fact, the on-time arrivals rate hasn’t been this low since 2014, according to data from the Bureau of Transportation Statistics. In the first six months of 2022, more than 20% of flights originating from a U.S. airport were delayed and more than 3% of flights were canceled. Staffing shortages and high demand further exacerbate why air travel is so broken.

For travelers hoping for a seamless flying experience, the odds aren’t looking good. But travel insurance can come to the rescue in many would-be air travel nightmares. Here are three common airline issues, the types of trip insurance coverage you need to reimburse the costs, and how you might be able to get trip insurance at no additional cost.1. Your bags were damaged, lost or didn’t show up on time According to travel insurance provider World Nomads, baggage delay claims increased a stunning 122% from May to July 2022, compared with the same period in 2019. If your baggage is missing or delayed, it can leave you scrambling to purchase new stuff from the expensive hotel gift shop — not to mention heartbroken to lose your treasures. Thankfully, lost luggage or baggage delay insurance can reimburse items you need to purchase for use during your trip. Baggage loss: While lost luggage insurance can’t guarantee your original items will be returned, it can reimburse you for replacements up to a covered amount. Coverage varies by policy, but expect reimbursement from $1,000 to $3,000 per traveler. Baggage delay: If you’re separated from your bags for more th …

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