Berkshire Hathaway Travel Protection (BHTP) has unveiled a new travel insurance product targeted at cruise travellers.
Dubbed WaveCare, the new proposition will offer medical evacuation coverage of up to $750,000.
Go deeper with GlobalData
A maximum of $75,000 will be offered by the product under emergency travel medical insurance.
Travellers confined on board for over five hours due to disabled cruise ship will receive fixed benefit of $500.
On buying insurance within 15 days of the initial trip deposit date, customers will get a pre-existing condition waiver. They will also get travel assistance round-the-clock.
In addition,WaveCare will offer trip cancellation, interruption, delay, missed connection, as well as baggage protection.
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By GlobalDataBHTP president Dean Sivley said: “Our comprehensive solution provides cruisers with higher medical and evacuation coverage limits for their trip and introduces BHTP’s innovative fixed benefit in the event the cruise is disabled along the way.”
At the same time, BHTP upgraded AirCare. The product is a fixed benefit insurance offering that is tailored for air travellers.
The enhanced AirCare offering covers delays in late night, flight departure, tarmac and baggage; flight diversions and cancellations; missed connections; and lost baggage.
Through BHTP Burst, the firm will offer travellers “pic-and-a-click” claims process, flight tracking and expedited payments for travel disruptions.
Travellers
Younger travellers are more willing to buy travel insurance compared to their older peers, according to a report by Berkshire Hathaway Travel Protection (BHTP).
The study found 33% of millennials with children interested in buying more travel insurance this year.
On the contrary, 29% of boomers said that they were planning less travel insurance in 2019.
Younger travellers were also found placing more importance on tech-driven and customisable travel insurance compared to their older counterparts.
Among younger travellers, 43% said they were willing to purchase more travel insurance on getting a customisable offering. In case of older travellers, this figure was 21%.
Also, 38% of younger travellers wanted their travel insurance to be technologically advanced. The same view was cited by only 16% of older travellers.
Overall, travellers considered Ireland to be the safest destination and Colombia the least safe. Destination safety and terrorism were cited as key concerns by travellers across all age groups.
