Travel insurance covers job loss
In challenging economic times, protecting yourself financially is more important than ever, including when it comes to travel planning.
According to the U.S. Department of Labor, 11 million Americans are unemployed, and more job loss is expected in 2009. AAA’s Travel Protection Plan, available through Access America, pays trip cancellation and interruption benefits for many covered reasons including termination. Members are reimbursed up to 100 percent of their prepaid, non-refundable trip costs, with maximum coverage up to $20,000 if they have to cancel a trip because they’ve lost their job through no fault of their own.
The only requirement is that members must have worked for the same employer for at least three continuous years before the termination, which must occur after the effective date of coverage. Trip interruption coverage will also reimburse them for the unused, non-refundable portion of their trip and for any added costs to return home due to a covered reason.
Contact your AAA Travel Agent for details. List of offices to serve you