Report Finds Travel Insurance Purchases Up This Year

According to Yonder Travel Insurance, travel insurance purchases — particularly for policies that feature cancel-for-any-reason coverage — are up in a big way. The provider reported a 50 percent increase in sales and a 95 percent increase in quote requests for the coverage, citing uncertainty surrounding Middle Eastern conflict.

A standard travel insurance policy does not allow travelers to cancel their trip and be reimbursed for reasons such as conflict or fear of potential conflict, which is where cancel-for-any-reason coverage comes in. However, this coverage is not always available, especially when purchasing a policy close to one’s travel dates.

“In today’s unpredictable world, the most critical part of your planning happens in the first 21 days of making your first booking or deposit. If you wait until the last minute, you lose the ability to add [cancel-for-any-reason] coverage for your trip,” said Terry Boynton, president, Yonder Travel Insurance.

He added, “Don’t let today’s headlines distract you from protecting your future travel. By locking in a policy now for late 2026 or early 2027 trips, you’re ensuring that if a completely different, unforeseen disruption arises between now and your departure, you already have a shield in place that latecomers won’t have.”