Travel Insurance Is Hugely Popular This Year. So Are Claims.

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SYDNEY—Journey insurance coverage is gaining popularity than ever as individuals get transferring once more. That isn’t essentially a very good factor for the businesses offering protection.

World insurers say they’re promoting extra insurance policies and at larger costs as travel rebounds from the pandemic, with take-up amongst younger individuals notably robust. Some insurers have expanded protection to incorporate epidemics and pandemics that have been beforehand excluded, providing safety in opposition to flight cancellations, misplaced baggage and medical help abroad.

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