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InsureMyTrip.com Assures that Travel Insurance can Help Protect Your Vacation Investments as Airline Bankruptcies Raise Travelers' Concerns
Warwick, RI, September 15, 2005 - 'What happens to my pre-paid vacation investment if my airline files for bankruptcy?' This is arguably the foremost question on travelers' minds today as we watch the events unfolding at both Delta and Northwest Airlines. "The good news for travelers," according to Peter Evans, Executive Vice President of InsureMyTrip. com, the premier U.S. online travel insurance aggregator, "is that travel insurance does provide much needed protection."
One thing travel insurance consumers need to know is that timing is important. "Most of the major U.S. travel insurers do cover lost trip costs in the event of a bankruptcy which causes a complete cessation of service. The travel supplier can be your airline, but it can also be your cruise line or tour operator," Evans explains. "Once a travel supplier has declared bankruptcy, as is now the case with both Delta and Northwest, it is important to note that certain insurance carriers will no longer cover these providers for bankruptcy should you select them for future travel."
"All is not lost if your future travel plans do involve bankrupt travel suppliers as there are a number of insurance carriers that will provide coverage," assures Evans. "These carriers only require that you book your trip through a third party, such as a travel agent, and that you purchase your travel insurance within the insurance company's allotted grace period, typically 14 days from your initial trip deposit date."
The best thing that travel insurance consumers can do right now is to know their options. InsureMyTrip.com allows consumers to review, rate, compare, analyze and purchase travel insurance from all the leading U.S. travel insurance companies in a completely secure environment. To learn more about these protection plans, visit InsureMyTrip.com online, or call (800) 487-4722 to speak with one of InsureMyTrip's expert travel insurance professionals. Representatives are available to assist you seven days a week, M-F 9 A.M.-9 P.M. & Sat.-Sun. 9 A.M.-5 P.M. EST.
About InsureMyTrip.com
Established in 1995, InsureMyTrip.com is the leading, consumer-oriented online travel insurance aggregator worldwide. Featuring insurance comparisons from the top 16 industry providers, InsureMyTrip.com is a unique, one-stop resource designed to meet consumers' comprehensive travel insurance needs all in a secure environment. InsureMyTrip.com also specializes in providing integrated technology solutions for the travel insurance industry, with over 2,000 private-labeled and co-branded travel related websites around the globe. InsureMyTrip.com is headquartered in Warwick, RI with additional offices and data centers in Connecticut, New York and Pennsylvania.
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