5 Reasons Why Generation X Should Buy Travel Insurance

Published on Wednesday, August 24, 2016

While Millennials are the fastest growing demographic of travelers and value experiences over material things, Generation X consumers are more likely to prioritize family life and togetherness. Deep into their career phase of life, Gen Xers have commitments that pull them in any number of directions – work, family, business travel, and home ownership – all competing for quiet time and leisure travel. So when this demographic takes a trip, the time is precious and cherished. 

5 Reasons Gen X Travelers Need Travel Insurance

The Value of Insurance for Generation X

Travel insurance is important for your Generation X clients because it protects their time investment to get away, but also because if something does go wrong, they have a lot of responsibilities and dependents to consider. Travel insurance makes dealing with the unexpected easy and preserves the vacation mood. It lets your clients relax, knowing that if something goes wrong, they are covered.

As many parents know, when traveling with children, anything can happen. Illness and injury in children is unpredictable. Generation X travelers are also more likely to be caregivers to elderly parents, and any changes in their health or needs can impact Gen X travel plans as well.

Additional situations that Generation X travelers need to consider when purchasing travel insurance include:  

  • Changes in business situation or employment
  • Covering the items everyone is bringing with them, including phones, camera, and computers
  • Immediate and extended family member needs
  • Coverage for the activities planned for the vacation

An Insurance Plan For Whatever Their Needs

It’s important to make sure the policy fits the client’s needs, and that the client understands their policy, including what is covered and how to use their insurance if something happens once they are on the road. Certain travel insurance plans will cover changes or cancellations Gen X travelers need to make before or during travel due to their own illness or that of family members, making it easy for them to focus on fun and family.

Log-in to your RoamRight Partner Portal to find a plan that works best for your Gen X clients.

Share

Tags

The RoamRight mark is used by Arch Insurance Company and owned by its parent company, Arch Capital Group (U.S.). Insurance coverages are underwritten by Arch Insurance Company, NAIC #11150, under certain policy series, including LTP 2013 and amendments thereto. Certain terms, conditions, restrictions and exclusions apply and coverages may vary in certain states. In the event of any conflict between your policy terms and coverage descriptions on this website, the terms and conditions of your policy shall govern. Click here for privacy notice.

Copyright © 2012 - 2022 Arch Insurance Company. All rights reserved.