Eric Rasmusen’s Weblog

For $16, I find I can buy insurance from Travelocity against the risk of having to cancel to my flight. As you see below, I get back my ticket money if I or somebody in my family gets sick, or if my car crashes on the way to the airport. Not a good deal, probably, but an interesting concept.

Trip Cancellation/Trip Interruption

In the event You are prevented from taking or completing Your Flight because:

(a) You, a Traveling Companion, or an Immediate Family member suffers an Injury,
Sickness, or death; or
(b) You or Your Traveling Companion
    (i) are hijacked, quarantined, required to serve on a jury, or subpoenaed;
    (ii) has a principal residence made uninhabitable by fire, flood, volcano,
earthquake, hurricane, or other natural disaster; or
    (iii) are directly involved in a documented traffic accident while en route
to departure;

The Insurer will pay up to $500 for:
Trip Cancellation - non-refundable Flight cancellation charges.
Trip Interruption - the airfare paid, less the value of applied credit from an
unused return travel ticket, to return to Your city of residence or rejoin the
original Trip (limited to the cost of one-way economy airfare by a scheduled
carrier, from the point of destination to the point of origin shown on the
original travel tickets).

IMPORTANT: You must be medically capable of travel on the day You purchase this
coverage. The covered reason for cancellation or interruption of Your Flight
must first occur after the date that Your cancellation coverage began under this
plan.

This entry was posted on Tuesday, October 31st, 2006 at 8:57 pm and is filed under Economics, Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.