Orlando, February 20, 2007 – LastMinuteTravel.com, an online web site for last-minute travel deals offering airline tickets, hotel accommodations, vacation packages, car rentals and cruises, now offers its clients customized travel insurance plans through AIG Travel Guard, the nation’s leading provider of travel insurance and assistance plans.
The travel insurance for LastMinuteTravel.com clients includes an international air ticket program, hotel and excursion plan, vacation/cruise package and a budget program for domestic airline tickets. Coverage varies by plan and includes trip cancellation, emergency medical, medical evacuation, baggage, baggage delay and travel delay. All of the plans include AIG Travel Guard’s comprehensive 24/7-travel assistance and Livetravel emergency services.
“With tens of thousands of last-minute travel deals and a wide variety of destinations and price points available for immediate purchase, LastMinuteTravel.com provides our frequent and affluent leisure travelers with the best value for their travel investment,” said Alan Greenberg, chairman and chief executive officer for Travel Holdings, Inc., the parent company of LastMinuteTravel.com. “The travel insurance programs we now offer through AIG Travel Guard are a natural extension of this value proposition. The programs are customized for the types of travel that our clients book on our site and provide not only financial coverage in the event of a cancellation, but coverage for medical emergencies, baggage and a 24/7 travel hotline anywhere in the world, anytime of the day.”
LastMinuteTravel.com is owned by Travel Holdings, Inc., one of the most distinctive and expansive travel distribution companies in the world. The company was created in early 2004 through the merger of Tourico Holidays, Inc., LastMinuteTravel.com and Travel Global Systems. Headquartered in Orlando and with technology operations in Tel Aviv, Travel Holdings serves wholesale, consumer and trade customers in 122 countries. The company is a multi-channel distributor, marketing its inventory through virtually every segment of the online travel sector, including retail, wholesale, group, travel agent, corporate and affiliates.
The travel insurance offered through AIG Travel Guard is underwritten by American Home Assurance Company or National Union Fire Insurance Company of Pittsburgh, Pa., with their principal place of business in New York, NY. Both of these companies are members of the AIG CompaniesÂ®. The policies contain reductions, limitations, exclusions, and termination provisions. Not all coverages are available in every state.