Why young Kiwis aren’t skimping on this aspect of travel
, 2022-11-24 22:00:00,
Young people have become more risk-averse when it comes to international travel, with one travel insurer seeing a significant increase in policies sold to the demographic.
Allianz Partners said it had seen a 53% increase in policies sold to 18-30 year-olds, and a 98% increase in policies sold to 31-40 year-olds for the June to September quarter of this year, compared to the same period in 2019.
In a survey conducted on behalf of the insurer, 41% of 18-34 year-olds said they were “significantly more likely” to purchase travel insurance for an overseas trip since the pandemic. The sample size of the survey was 500 New Zealanders aged 18 years and over.
Auckland student Janice Jiang, 20, decided to purchase travel insurance for an upcoming cruise holiday in Australia with her friends.
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Young people have become more cautious about travel since the pandemic.
Earlier this year, she went to Melbourne without travel insurance. But after some of her companions caught Covid-19 while over there, she saw the benefits of being covered – even just for a trans-Tasman trip.
“Some people had travel insurance and they were fine in terms of extending accommodation or changing a flight back, but the people who didn’t had to [pay for it] themselves,” she said.
With Covid…
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