Travel Insurance Spikes as Omicron Fuels Cancellation Fears

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December 8. This week, health officials identified the first cases of the omicron variant in Florida. What that means going forward is still unknown, but it puts future plans at risk all over again.

The uncertainty over more coronavirus outbreaks and closures is leading travelers to buy travel insurance at record rates, according to Megan Moncrief, the chief marketing officer at St. Petersburg-based Squaremouth. The travel insurance agency saw sales increase by 53 percent following the arrival of omicron.

Concerns about canceled travel plans are higher now, compared to the 20 percent spike Squaremouth saw following the delta variant, Moncrief said. Even with delta, the travel industry was still fairly optimistic as borders reopened to foreign travelers.

“Going into the holidays, there was quite a bit of confidence with a lot of destinations open,” Moncrief said. “Then the new variant made everyone a little bit shell shocked.”

Source: Tampa Bay Times

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92440cookie-checkTravel Insurance Spikes as Omicron Fuels Cancellation Fears