Trip Insurance is “More Important”: Wall St. Journal Tells Why

Consumer Media

An article titled “Road Hazards,” written by Anne Tergesen and published on Feb. 14 in the Wall Street Journal, offered strong endorsement for purchasing comprehensive insurance, including Trip Cancellation, from a third-party insurer and not from a travel supplier. “There are good reasons to opt for the more comprehensive policies,” the article said. “…These policies reimburse you for the nonrefundable expenses you’ve paid if your trip falls through for reasons covered in the fine print and in some cases, for any reason at all.”

The WSJ article also offered a reason cited by Ed Walker of the U.S. Travel Insurance Association for travelers to avoid buying travel suppliers’ own policies: “Tour or cruise operators often sell policies of their own,” the article noted. “While the [suppliers] sometimes negotiate better rates from carriers, these policies generally wouldn’t provide reimbursement if the tour or cruise company were to shut down.”

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