August 30, 2015 by Tony Novak
Freedom Benefits will soon offer a trip cancellation insurance geared toward outdoor sports enthusiasts including skiers, hunters, fishermen. This travel insurance plan offers increased baggage/personal effects limit for sports equipment with no per item limit. This eliminates concerns about traveling with expensive sports equipment.
The coverage can be purchased anytime up to 24 months before the actual trip start date. This helps with planning for elaborate overseas trips with trip cancellation & interruption protection for unexpected/new limitations on the consumer’s activity at their destination. Trip cancellation & interruption protection offers protection if the consumer cannot participate in a scheduled sports activity because his/her equipment is delayed.
Supplemental medical insurance for these adventures will still be at the core of the policy.
As with any new product, we won’t really know the demand for this insurance until we have some experience marketing it. We expect the launch in late September or early October.