Affinion Group Challenges Traditional Pay-Per-Trip Model of Travel Insurance Plans
|
| Posted
:
Tue, 03 Nov 2009 13:01:30 GMT |
| Author
:
Affinion Group |
| Category
:
Press Release |
| News Alerts by
Email ( click
here ) |
|
|
|
|
Launches "Everyday Travel Insurance" Which Can Automatically Provide Travel Insurance Coverage to Individuals and Families Any Time They Travel More than 100 miles from Home. NORWALK, Conn., Nov. 3
NORWALK, Conn., Nov. 3 /PRNewswire/ -- Affinion Group, a global leader in customer engagement solutions and one of the ten largest travel and leisure agencies in the US, today unveiled an alternative to the traditional model of pay-per-trip travel insurance. By launching an ongoing subscription-based model for the purchase of travel insurance plans, dubbed "Everyday Travel Insurance," Affinion has created a perpetual travel insurance plan that can automatically cover insureds and their families any time they travel more than 100 miles away from home.
This newly-offered insurance plan covers all forms of travel, whether by car, air, train or boat, and can be purchased for either individual or family coverage. According to the United States Travel Insurance Association's travel insurance market survey from 2006-2008, Americans spent more than $1.58 billion in 2008 on all types of travel insurance. Additionally, according to the US Travel Association, almost one third of adults have taken at least five weekend trips in the past year, generally without a travel insurance plan to with help reimbursement for a cancelled hotel reservation, stolen baggage, unexpected medical expenses/emergencies or 24 hour assistance services.
"Whether it's a weekend visit to the beach or an amusement park, driving the children to college, or visiting relatives over the holidays, we're aiming to provide a travel plan to individuals and families to cover all of their travel routines," said Tom Rusin, CEO of Affinion North America. "We're challenging the notion that travel insurance should only cover the stand-alone, more expensive trips, and providing an affordable option so that anyone who even occasionally travels more than 100 miles from home can have consistent coverage."
"Everyday Travel Insurance" can provide insureds with automatic travel coverage any time they are traveling more than 100 miles from home. The program, which is currently being tested with leading financial institutions, is offered with the following:
- $1,000 trip Cancellation coverage
- $1,000 trip Interruption coverage
- $500 - lost/stolen/damaged baggage and travel documents coverage
- $1,500 travel delay allowance (up to $150 per day)
- 24/7 Assistance Services
- Additional services for emergencies that can happen during a trip
"Everyday Travel Insurance" is reasonably priced for individuals and families, and is available in 48 states, excluding North Dakota and Vermont.*
For more information, please visit www.affinion.com.
About Affinion Group
Affinion Group is a global leader in providing comprehensive customer engagement and loyalty solutions that enhance or extend the relationship of millions of customers with many of the largest and most respected companies in the world. Affinion partners with these leading companies to develop and market programs that provide valuable services to their end-customers using 35 years of expertise in customer engagement, creative design and product development. These programs and services enable the company's marketing partners to strengthen their customer relationships, as well as generate significant incremental revenue, as well as strengthen their relationships with their end-customers, which can lead to increased acquisition of new customers, longer retention of existing customers, improved customer satisfaction rates and the increased use of other services provided by our marketing partners. Based in Norwalk, Conn., the company has approximately 3,500 employees throughout the United States and in 10 countries across Europe, and markets in 14 countries globally. Affinion holds the prestigious ISO 27001 certification for the highest information security practices, is PCI compliant and Cybertrust certified. For more company and investor information visit www.affinion.com.
*This is only a brief description of the coverage(s) available. The Policy will contain reductions, limitations, exclusions and termination provisions. Insurance underwritten by National Union Fire Insurance Company of Pittsburgh, Pa., a Pennsylvania insurance company, with its principal place of business at 175 Water Street, New York, NY 10038. Is currently authorized to transact business in all states and the District of Columbia. NAIC No. 19445. Coverage may not be available in all states. Travel assistance services provided by Travel Guard.
SOURCE Affinion Group
|
Copyright © 2008
PR Newswire. All rights reserved.
|
|
|
|
|
Related
News
Research and Markets: Clothing and Footwear Retail Market in Ireland - Understand the Future Direction of the Market with Full Five Year Forecasting DUBLIN -
Research and Markets (
Research and Markets: Within the Second Quarter of 2009, China's Economy Recovered, and the Alumina Output Increased to 5.7 Million Tons, Up 16.1% Quarter-on-Quarter DUBLIN -
Research and Markets (
Frost & Sullivan Award Underlines Cipla Medpro's Status as Company of the Year in the South African Generic Pharmaceutical Market
JOHANNESBURG, South Africa, Nov. 26 /PRNewswire/ -- The 2009 Frost & Sullivan South Africa Company of the Year Award in the Generic Pharmaceutical Market is presented to Cipla Medpro South Africa Limited.
(Logo: http://www.newscom.com/cgi-bin/prnh/20081117/FSLOGO)...
Delhaize Group Announces Investor Day - Athens, Greece - December 3, 2009 BRUSSELS, BELGIUM -- 11/26/09 --
FOR IMMEDIATE RELEASE
BRUSSELS, Belgium, November 26, 2009 - Delhaize Group (Euronext
Brussels:DELB) (NYSE: DEG), the Belgian international food retailer,
confirms the date of its in..
Survey Finds Slight Improvement in Corporate Governance Among Hong Kong-Listed Companies Hong Kong, Nov 26, 2009 - (ACN Newswire) - A survey on the corporate governance standards of companies listed in Hong Kong conducted by The Hong Kong Institute of Directors ("HKIoD") and Hong Kong Baptist University ("HKBU") found a slight improvement in the quality of corporate ...
Shaw Festival Film Series Line-up at Festival Theatre Announced
Film fests Niagara-on-the-Lake events feature festival favourites and revealing docs at the Shaw Festival throughout December and January./I/P
PNiagara-on-the-Lake, Ontario (PRWEB) November 26, 2009 -- Continuing its partnership with The Film Circuit, a branch of the Toronto Internation...
Consumers Using Recession Shopping Habits to Survive Christmas
LEEDS, England, November 26 /PRNewswire/ -- In the run up to the festive
season, shoppers wanting to avoid spending heavily at Christmas are using the
shopping habits they have learnt from the recession, for example, turning to
voucher codes sites such as...
|
|
|
|
|
|
|
|
|