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Trip insurance soars on Zika fears

Tuesday, February 02, 2016 - 01:01

Travel insurance sales for trips to Zika-infected areas rise as vacationers take travel precautions. Fred Katayama reports.

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The Zika virus that is spread through mosquito bites is stinging some airlines but benefiting travel insurers. Insurance provider RoamRight says sales for trips to Latin America have surged as vacationers consider changing or scrapping their plans to avoid the Zika virus. The company said revenue for its cancel-for-any-reason policy has nearly doubled in January from a year ago. Since December 2015, RoamRight has seen a nearly 10 percent rise in orders for all its policies covering trips to the more than 20 countries and territories in the Americas impacted by the virus. RoamRight said vacationers are not necessarily canceling their travel plans but taking precaution and turning to insurance. The virus is hitting airlines. Various U.S. carriers have offers in place for ticket refunds for the region. The World Health Organization on Monday called the virus an international health emergency. It says Zika could infect as many as 4 million people in the Americas.

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Trip insurance soars on Zika fears

Tuesday, February 02, 2016 - 01:01