From the nosebleed $1,800 seats to the 50-yard line seats for $19,500, Super Bowl tickets are an investment.
So at what point should a person insure a prepaid, nonrefundable ticket? $1,000? $5,000? $10,000? $20,000?
It simply boils down to risk tolerance and what they feel they can afford to lose.
For a 20-year-old college student on a fixed income, a $300 plane ticket just might meet their threshold. The good news is they can insure that ticket with trip cancellation coverage for $8.53 with the Student Travel Protection plan. That’s around 2.8 percent of the trip cost.
On the other end of the spectrum is the person who has spent $19,500 per person on two Super Bowl tickets. (Just for clarification, it wasn’t me.) Let’s round up those prepaid, nonrefundable expenses to $50,000 total to include nonrefundable hotel and airfare expenses. For a couple ages 61 and 59, travel protection premium comes in at $2,098. (That includes both insured at $25,000 per person). That’s about 4.2 percent of their prepaid trip cost. This quote is for the Travel Guard Gold plan. Why Travel Guard Gold? Travel Guard Gold’s weather protection coverage is one of the best: “Bad weather that causes cancellation or delay of travel.”
Most trip cancellation claims are due to an unforeseen illness, injury, or death in the family. However, bad weather ranks toward the top of this list, as well. With Super Bowl XLVIII being held at Metlife Stadium in East Rutherford, N.J., bad weather is a real possibility.
Let your clients know you have travel protection solutions available. They may or may not be headed to this year’s Super Bowl, but you can probably count on them traveling at some point.