Latest news with #Squaremouth
Yahoo
20-06-2025
- Business
- Yahoo
Squaremouth Reports on Global Airbnb Crackdown: What Travelers Need to Know
ST. PETERSBURG, Fla., June 20, 2025 /PRNewswire/ -- Governments across Europe and Asia are cracking down on international rentals. Last month, Spain ordered Airbnb to delist 65,000 rentals. Earlier this year, Thailand issued a warning to foreigners buying apartments and renting them out that they are violating Thai law. Other popular countries, like Italy and Greece, have implemented their own similar measures. These new laws and regulations come on the brink of the busy summer travel season, when traveler anxiety is already skyrocketing. Squaremouth, the nation's largest travel insurance comparison service, reveals what you need to know before booking your trip this summer. How These Crackdowns May Impact your Trip The crackdowns across Spain, Italy, Thailand, Greece, and other regions are part of a larger push to address housing inequality and overtourism. Crackdowns like these can leave travelers in a bind and cost them money, especially if accommodations are suddenly canceled or become unavailable. This happened to a Squaremouth employee recently, who had her rental suddenly canceled at the last minute. "We had an Airbnb booked in Bangkok, but Thailand had just issued a ban on short-term rentals in apartments and condos because they say it disrupts the public," said Arielle Turriff, Product Development Manager at Squaremouth. "Our booking got canceled, and since a lot of our plans were based around that area, we had to find a hotel nearby last minute. It ended up costing us an extra $500." Does Travel Insurance Cover Airbnbs? Travel insurance can cover Airbnb stays and other vacation rentals as long as you have Trip Cancellation and Trip Interruption coverage. However, these benefits only reimburse you if you cancel for a covered reason, like an illness or severe weather that prevents you from traveling. Most plans do not cover government restrictions. If you're staying in an Airbnb and want complete flexibility, opt for a policy with Cancel For Any Reason (CFAR) coverage. CFAR is an upgrade that offers partial reimbursement for prepaid and non-refundable trip payments if you need to cancel your trip for a reason not otherwise covered by Trip Cancellation, such as a government crackdown on Airbnbs. CFAR is a popular benefit for many travelers, as it provides the most possible flexibility when it comes to canceling a trip. In fact, Squaremouth has seen a 34% increase in travelers purchasing CFAR compared to last summer. Squaremouth's Tips for Enjoying your Summer Vacation Rental Always purchase travel insurance as soon as you book your Airbnb to maximize your coverage window, especially for Trip Cancellation benefits. Heed local government notices and warnings when it comes to disruptions. For maximum flexibility and peace of mind, consider Cancel For Any Reason (CFAR) coverage. About Squaremouth Squaremouth is a trusted name in the travel insurance industry offering comprehensive, transparent, and competitive coverage to travelers for 20 years through its digital platform. With the largest portfolio of travel insurance carriers and products in the U.S., Squaremouth has insured over 4 million clients. Media Contact Ned Tadic ntadic@ View original content to download multimedia: SOURCE Squaremouth
Yahoo
13-06-2025
- Yahoo
5 Travel Insurance Mistakes to Avoid This Summer
ST. PETERSBURG, Fla., June 13, 2025 /PRNewswire/ -- With the summer travel season almost here and the cost of travel continuing to increase, many travelers are looking for ways to save. But in trying to cut expenses, even seasoned travelers can overlook key protections and make mistakes when it comes to purchasing travel insurance. Squaremouth, the nation's largest travel insurance comparison service, has unveiled the top five travel insurance mistakes to avoid making this summer as you hit the skies or the road. Mistake #1: Buying Coverage Too Late Travel insurance is designed to cover unforeseen events that may impact your trip. Once something goes wrong, it's too late to get covered. Buying insurance early maximizes the coverage period, and gives you access to certain time-sensitive benefits for increased flexibility. Waiting too long can mean missing out on key protections like Cancel For Any Reason (CFAR), pre-existing condition coverage, or coverage related to named storms during hurricane season. Squaremouth Tip: Buy comprehensive travel insurance coverage as soon as possible after you book your trip, ideally within 10 days of booking. This will give you access to the most possible plans and benefits. Mistake #2: Not Being Prepared for Delays or Disruptions Flight delays and disruptions have reached an all-time high due to major disturbances in the aviation industry. In the past year alone, widespread technology failures, airline staffing shortages, and air traffic control issues have disrupted more travelers than ever before. In fact, Squaremouth recently uncovered a 55% surge in travelers looking for delay-related coverage. Squaremouth Tip: Look for Travel Delay coverage that kicks in after flight delays of 3 hours and accounts for any delay of a common carrier. This will give you the most coverage and flexibility in the event of a delay. Mistake #3: Paying More for "Better" Coverage Many travelers assume that more expensive travel insurance offers better coverage, but that's not the case. Lower-cost policies aren't necessarily lower quality. Some insurance providers simply price their plans differently based on how they assess risk. Squaremouth Tip: Buy the least expensive travel insurance policy that meets your specific coverage needs. Mistake #4: Buying Add-On Insurance from An Airline or Cruise Line Many travelers make the mistake of opting into the insurance add-on offered by an airline or cruise line without comparing other options. While these policies can provide a basic level of protection, they often come with limited coverage and less flexibility than a standalone plan. Squaremouth Tip: Use a comparison site like Squaremouth to compare policies by coverage amounts, price, and provider rating. Mistake #5: Relying Only on Your Credit Card's Coverage Some credit cards offer travel insurance as a perk for cardholders. While these plans offer baseline coverage, like Trip Cancellation, Trip Interruption, Travel Delay, and Baggage Delay coverage, there are limitations - the biggest one being a lack of medical coverage. Squaremouth Tip: Use a third-party plan to supplement your credit card's coverage, especially if medical or health coverage is important to you. About Squaremouth Squaremouth is a trusted name in the travel insurance industry offering comprehensive, transparent, and competitive coverage to travelers for 20 years through its digital platform. With the largest portfolio of travel insurance carriers and products in the U.S., Squaremouth has insured over 4 million clients. Media ContactNed Tadicntadic@ View original content to download multimedia: SOURCE Squaremouth Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10-06-2025
- Yahoo
Turbulence Ahead: Travel Anxiety Soars, Especially Among Younger Generations
ST. PETERSBURG, Fla., June 10, 2025 /PRNewswire/ -- As summer travel ramps up, new findings from Squaremouth, the nation's largest travel insurance comparison service, reveal that flight anxiety and concerns over airline disruptions are top of mind for U.S. travelers. Squaremouth surveyed more than 2,600 customers to better understand traveler sentiment toward the aviation industry amid staffing shortages, air traffic issues, and recent airline incidents. Half of Summer Travelers Brace For Flight Delays and Disruptions Nearly half (47%) of travelers surveyed expect flight delays and disruptions to be worse this year than in years past, signaling growing concern ahead of the busy summer season. This concern comes at a time when more Americans are opting to stay closer to home and are taking shorter flights for their summer destinations. Of travelers taking summer trips, 31% said they bought travel insurance specifically because they're concerned about flight disruptions or accidents, and 25% even said their travel plans were directly influenced by recent airline incidents and technical outages. "Travelers are packing their patience this summer as they take to the skies. While they're still taking their vacations, they're doing so differently than in years past, as they opt for closer destinations and prioritize travel insurance to protect against potential issues like delays and cancellations," said Ned Tadic, Manager of Public Relations at Squaremouth. Gen Z and Millennials Are More Anxious About Flying Than Older Generations The data reveals a clear and surprising generational divide in traveler anxiety, with younger travelers expressing higher levels of concern than their older counterparts. 35% of travelers under 40 say their plans were directly influenced by recent aviation issues, compared to just 23% of those over 40 34% of travelers under 40 report feeling more anxious about flying this summer, compared to 30% of those over 40 37% of younger travelers purchased travel insurance because of flight disruption concerns, versus 30% of those over 40 Methodology: Squaremouth polled more than 2,600 customers to gauge their sentiment on the aviation industry. The survey was sent to all Squaremouth customers between 5/16/25 and 5/23/25. About Squaremouth Squaremouth is a trusted name in the travel insurance industry offering comprehensive, transparent, and competitive coverage to travelers for 20 years through its digital platform. With the largest portfolio of travel insurance carriers and products in the U.S., Squaremouth has insured over 4 million clients. Media Contact Ned Tadic ntadic@ View original content to download multimedia: SOURCE Squaremouth
Yahoo
02-06-2025
- Business
- Yahoo
How to save for a vacation
School is out and summer is here. This is the time when many American families look to take a vacation. In the video above, Yahoo Finance Personal Finance Editor Casey Bond shares some ways families can save up for the big trip. To watch more expert insights and analysis on the latest market action, check out more Wealth here. School is about to be out for the summer and many families are hitting the road and skies for vacation. The average cost of a trip in 2025 projected to be over $7,000, a 24% jump from 2024, according to insurance firm Squaremouth. So, if you're planning a family vacation in the near future, it's important to have a solid saving strategy here with more Yahoo Finance personal finance editor for banking Casey Bond. Casey, we got to know, is there any special way that people can save for family trips? Well, some families might want to consider a vacation savings account. Um, this is a special type of account that's offered by smaller banks and credit unions typically, and they incentivize people to save for the specific goal of a vacation. Um, you can automate your contributions throughout the year, and then typically in the spring or fall those funds are released and you can use them on expenses like hotels, flights and things like that. Okay, so that's the vacation savings account defined. What are some of the pros and cons of vacation savings accounts? So, the biggest benefit is that it really encourages account holders to focus on this specific goal. Um, often there are incentives like low fees or higher interest rates, um, and you really contribute toward a specific goal so that it doesn't get muddled with your other expenses or other saving goals. Um, one of the biggest cons is that compared to maybe a traditional high-yield savings account, the interest rates aren't as competitive, and you may have limited access to that money. Um, you may not be able to pull it out without incurring a fee until you reach that specific date. So, what are the tips that you've been able to round up, the best ways that people can save the money for their next vacation? Sure, um, some things to consider, automating those contributions really helps, it helps you stay consistent. Um, taking advantage of credit card rewards, if you do use a credit card in addition to a savings account, sometimes those rewards can help you save a lot of money. Um, some banks also offer bonuses to new customers. So, you may want to consider a bank that's also offering a sign up bonus. And then as far as budgeting for this vacation, it really helps to calculate how much it's going to cost you in total and then divide that by the number of months you have to save and kind of back out the math that way. And then you know exactly how much you should be saving on a consistent basis to ultimately hit your goal. Casey, thanks so much. Thank you. Sign in to access your portfolio
Business Upturn
09-05-2025
- Business Upturn
Cascading Flight Delays and Disruptions Trouble Travelers Ahead of Memorial Day Rush
By GlobeNewswire Published on May 9, 2025, 16:19 IST ST. PETERSBURG, Fl, May 09, 2025 (GLOBE NEWSWIRE) — Flight delays and disruptions have reached an all-time high due to major disturbances in the aviation industry. In the past year alone, widespread technology failures, airline staffing shortages, and air traffic control issues have disrupted more travelers than ever before. Now, heading into Memorial Day and the busy summer travel season, travelers are facing even more potential for delays. REAL ID requirements have sparked confusion and have triggered even longer lines at airports. TSA is now warning that some passengers should arrive at the airport three hours before their flights. Additionally, the meltdown this week at Newark Liberty International Airport, an important hub for both United Airlines and European airline routes, has forced United to cancel 10% of Newark flights, impacting thousands of travelers. Problems are expected to persist with the continued closure of one of the airport's runways. Squaremouth, the nation's largest travel insurance comparison service , reports that flight delays and disruptions are the number one concern for travelers. Nearly Half of Memorial Day Travelers Are Bracing for Flight Disruptions 48% of Memorial Day travelers this year say their flight being delayed or cancelled is their number one travel concern, according to a recent report from Squaremouth. For comparison, only 36% of travelers cited a flight delay or cancellation as their biggest concern prior to the spike in travel disruptions that started last summer. Searches Surge 55% for Delay-Related Travel Insurance Coverage Amid these growing concerns over flight disruptions, travelers this Memorial Day are increasingly seeking ways to prevent delays from ruining their trips and costing them money. Squaremouth recorded a 55% year-over-year increase in the number of travelers searching for delay-related coverage for their trips this Memorial Day. Tips for Finding the Best Travel Delay Coverage If your trip is significantly delayed due to reasons outside of your control, Travel Delay insurance can cover costs like meals, hotel stays, and transportation. Most plans include Travel Delay coverage, but key differences can have a major impact on your experience. To get the most flexibility out of your Travel Delay insurance, look for a policy that: Kicks in after flight delays of 3 hours Accounts for any delay of a common carrier Covers missed connections after 3 hours Methodology: Squaremouth polled more than 2,000 customers regarding Memorial Day travel plans to determine the current trends among travelers buying travel insurance. The survey was sent to all Squaremouth customers between 5/1/2025 and 5/7/2025. About Squaremouth Squaremouth is a trusted name in the travel insurance industry offering comprehensive, transparent, and competitive coverage to travelers for 20 years through its digital platform. With the largest portfolio of travel insurance carriers and products in the U.S., Squaremouth has insured over 4 million clients. Media ContactNed Tadic [email protected] Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
