WARWICK, R.I., May 18, 2017 /PRNewswire/ -- Just in time for summer travel, InsureMyTrip for Education, the leading travel insurance resource for academic institutions, is excited to announce a new enhancement to the Academic Explorer Horizon plan, underwritten by Nationwide Mutual Insurance Company. This plan, only available from InsureMyTrip, now enables a school to insure all students, faculty and chaperones traveling in a defined program term, for a low fixed rate of $46 per traveler/per trip.
"Schools now have something new and simple to offer students that cannot be found anywhere else in the marketplace. Unlike other plans, the low fixed rate and expansive trip cancellation coverage available from the Horizon plan make it an attractive choice," said InsureMyTrip CEO Jim Grace. "While the traditional Academic Explorer products are still widely popular and available with an annual policy, this latest program-focused enhancement provides additional flexibility."
The newly updated Horizon plan provides trip cancellation and trip interruption benefits that help safeguard and mitigate the financial risks associated with academic travel. Students not only have the option to cancel a trip or come home early if sick or injured, but would also have the ability to cancel or interrupt a trip due to a covered terrorist attack, a travel warning issued by the Centers for Disease Control and Prevention (CDC)* or a travel warning issued by the US State Department.
The fixed rate provides each traveler up to $4,000 in trip cancellation and up to $5,000 in trip interruption protection which covers eligible tuition, room and board, and airfare expenses.
This innovative plan is ideal for institutions with group student travel programs, and is designed to cover accompanying faculty and chaperones.
-24/7 Emergency Assistance
Key Triggers for Cancellation/Trip Interruption Benefits Include*:
-Sickness or Injury before or during travel
-State Department Travel Warnings
-CDC Travel Warnings
Fixed Rate: $46 per traveler/per trip
How to Get Started
Colleges, universities, and K-12 (public and private) schools interested in learning more about travel insurance plans offered by InsureMyTrip For Education can visit the following webpage for more information: http://www.insuremytrip.com/education or call 1-877-266-0741.
Nationwide, a Fortune 100 company based in Columbus, Ohio, is one of the largest and strongest diversified insurance and financial services organizations in the U.S. and is rated A+ by both A.M. Best and Standard & Poor's. The company provides a full range of insurance and financial services, including auto, commercial, homeowners, farm and life insurance; public and private sector retirement plans, annuities and mutual funds; banking and mortgages; excess & surplus, specialty and surety; pet, motorcycle and boat insurance. For more information, visit www.nationwide.com.
InsureMyTrip for Education features trip cancellation, trip interruption, and comprehensive plans for the higher education and K-12 student travel markets. It is a division of InsureMyTrip.
*Coverages not available in all states.
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SOURCE InsureMyTrip for Education