More policies purchased for Mexico trips
According to a US-based travel insurance comparison site, the number of travellers buying insurance to travel to Mexico has risen by 51 per cent in 2018. Squaremouth.com says that the increased violence in the country – which has reported nearly 7,700 murders in the first three months of 2018 alone – has led to the US Government issuing travel warnings for popular tourist areas such as Cancun and Los Cabos.
Though the warnings have meant that many more customers have purchased insurance, Squaremouth has warned travellers that their coverage may not reimburse them if they fall victim to the spiking crime rates. While most standard and cancel for any reason policies may cover a traveller if they have been involved in a violent crime, most standard policies will not pay out if a person wishes to cancel their holiday because of a newly issued travel warning.
Squaremouth has also found, however, that 42 per cent more travellers are purchasing travel insurance with emergency medical coverage this year than last year, and 44 per cent more are purchasing travel insurance with medical evacuation coverage, showing the growing safety concerns of travellers. There has also been an increase of 95 per cent in purchases of non-medical evacuation coverage.
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