The rising costs of delays and missed connections

The rising costs of delays and missed connections

ST. PETERSBURG, Florida, August 20, 2024 (GLOBE NEWSWIRE) — Flight delays have become a widespread annoyance for travelers across the United States. About 21% of all flights this year arrived at their destination at least 15 minutes later than expected, according to data from the Ministry of Transport.
Long delays are not only frustrating for travelers, but can also result in significant financial losses by disrupting their travel itinerary. Squaremouth.comleading U.S. travel insurance marketplace, discusses the impact of travel delays and how travelers can protect themselves in the future.

25% of claims are due to flight delays

Historically, flight delays are one of the most common reasons travelers file a claim, and this year is no exception. According to Squaremouth data, over 25% of all paid claims in 2024 are due to flight delays and missed connections, which is in line with last yearOn average, these claims saved travelers $435 per policy.

Protect yourself from delays

With Travel increased by almost 10% this autumn and travel costs continue to rise. Travelers with upcoming trips should consider travel insurance that includes the following benefits:
Travel Delay: Covers expenses incurred during a delay of at least 3 to 12 hours, including meals, lodging and transportation costs. If a delay meets these requirements, the Travel Delay benefit can reimburse between $100 and $5,000, depending on the policy.

  • Missed Connection: Reimburses the cost to catch your connection and reach your destination. Most policies require a delay of at least three hours, and coverage within this benefit ranges from $50 to $2,500, depending on the policy.

Methodology: Travel insurance claims data is based on paid claims from Tin Leg customers submitted between 1/1/24 and 1/8/24.

CONTACT: Jenna Hummer Squaremouth 4349608093 [email protected]

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