There’s an intriguing new kind of travel insurance being offered by . is the first product in its new travel-insurance line designed for travelers, travel agencies, tour operators, and travel suppliers, and it’s the first low-cost fixed-benefit flight-protection coverage available up to one hour before flight departure.
Here’s how it works: Coverage is priced at $25 per trip and pays $1,000 to travelers for tarmac delays of more than two hours; $1,000 if a traveler experiences lost or stolen luggage; $500 if a flight delay causes a traveler to miss a connecting flight; $500 for luggage delayed more than 12 hours; and $50 if a traveler experiences more than a two-hour flight delay. Take out a policy and it might be the first time you’ll pray for a delayed flight! .
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