Is it still safe to travel? To find out, I asked one of the experts on risk management and travel: Linda Fallon, executive vice president at Arch Insurance Company. Here's our interview.
How will the situation in Russia affect travel this spring and summer?
Travel insurance is all about managing risks. So I'm wondering, what are the biggest risks of travel now? Is it Covid, the Russia situation — or something else? I've been getting a lot of questions about travel insurance, in light of Covid-19 and the Russia crisis. Who should get insurance? Named perils are specific reasons for which there is coverage as outlined in the policy. Under the right circumstances,"cancel for any reason" type coverage can be the right product option providing broader coverage than a named peril policy, but they usually come with different benefit limits. We always encourage travelers to read the policy or speak to the customer service representatives to get clarity on plan differences.
It’s the quality of the human interaction and expertise, combined with technology-driven customer service and claims administration solutions, that help differentiate providers. We are very proud of our performance in these areas.
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