he FAA study, conducted by research professors from the University of California Berkeley and M.I.T., was announced last month as a detailed look at 2007 flight delay costs, the latest year for which full statistics are available. The report said trip delay-related costs, a $33 billion yearly hit to the overall economy, includes $16.7 billion in extra costs paid by passengers. The Associated Press noted that "researchers looked more broadly at costs associated with flight delays, including passengers' lost time waiting for flights and then scrambling to make other arrangements when flights are canceled."
The DOT separately reported a marked September 2010 increase in flight cancellations as airlines complied with the May 2010 Tarmac Delay rule that fines carriers $27,000 per passenger if they hold passengers on a grounded plane three hours or more. The DOT reported airlines canceled 0.9 percent of their September 2010 flights, compared to 0.6 percent cancelled in September 2009. The number of cancelled flights for September was 4,754, compared to 2,934 flights in September 2009, or an additional 66 flights canceled each day, according to the "Airline Biz Blog" published by the Dallas Morning News.
Coverage Against Flight Delays
The solution for holiday travelers facing potential delays from flight cancellations or weather-related delays is to include travel insurance with trip delay coverage on their planning list. Travel Insured includes Trip Delay in all four plans under its Worldwide Trip Protector brand, as well as in its Airline Ticket Protector policy. Missed Connection is included in all plans except Trip Protector Lite. Coverage includes:
Trip Delay for a minimum delay of either 6 or 12 consecutive hours, depending upon the selected plan, due to a common carrier delay, including for weather. Coverage reimburses unused, prepaid land or sea costs, and meals and accommodations up to $100 or $200 per insured per day, as specified in the selected plan.
Missed Connection coverage included in most plans when a minimum delay of three or six hours, depending upon the selected plan, results in a missed cruise or tour departure. Reimbursement of up to $200, $500 or $750 per insured, depending upon the selected plan, covers transportation, hotel and meal expenses to rejoin the departed trip.
If an airline or other supplier cancels your trip, you are covered on Worldwide Trip Protector, Trip Protector Gold and the Airline Ticket Protector plans up to the cost of your ticket or reissue fee when you need to book alternative dates, as long as you have insured the full prepaid cost of your trip, including airfare. The same coverage is included with a limit of $200 on the Trip Protector Lite Expanded plan.
Why become a holiday trip delay statistic? Travelers can protect themselves against unplanned expenses caused by airline delays with the right insurance plan. When looking to save money on insurance, travelers can even eliminate Trip Cancellation coverage to reduce their premium with $0 Trip Cost coverage, also known as post-departure insurance. Trip Delay and Missed Connection coverage, starting at 12:01 a.m. on the scheduled departure date, are still included!
About Travel Insured International
Travel Insured International, based in East Hartford, Connecticut, was founded in 1994 by the foresight of insurance industry executive Peter Gehris when he acquired the travel protection division of the Travelers Insurance Company. Coverage is underwritten by Arch Insurance Company (a Missouri corporation, NAIC #11150) with offices located in Jersey City, NJ. Not all insurance products or coverage are available in all jurisdictions. Coverage is subject to actual policy language.
Travel Insured International Contact: John Stone 52-S Oakland Ave. Media Relations Manager E. Hartford, CT 06128-0568 1-800-243-3174 x 117 jstone(at)travelinsured(dot)com
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