Priceline.com (Nasdaq: PCLN) announced today that it is offering its
customers expanded optional travel insurance that now includes a full
cancellation/refund if a customer books a trip and then loses his or her
job.
The expanded trip protection is available for priceline.com’s vacation
packages, Name Your Own Price® hotel rooms, published-price and Name
Your Own Price® airline tickets, and rental cars booked as an add-on to
any priceline.com travel reservation.
"For some people who are thinking about booking trips, the possibility
of job loss is as much, or even more of a concern than illness or
accidents,” said Chris Soder, priceline.com’s President of North
American Travel. "We believe our enhanced coverage will reassure those
customers with the knowledge that they can cancel their trip and get a
refund should a covered job loss occur.”
Priceline.com’s travel insurance also covers customers in the event of
unforeseen sickness, illness, injury or death. The optional,
competitively priced insurance provides up to $500 in baggage protection
coverage, up to $1,500 for on-the-road covered medical expenses, up to
$50,000 for medical evacuation expenses, up to $10,000 in travel
accident protection and 24-hour worldwide assistance services. The trip
protection costs as little as $16 for an airline ticket or $5 a night
for a hotel reservation.
Priceline.com’s job loss protection covers insurance holders who are
involuntarily terminated or laid off by an employer as long as the
customer was employed by that employer for at least three continuous
years and that notification of termination occurs after the date that
the customer purchased the insurance. Priceline.com’s optional travel
protection is underwritten by Stonebridge Casualty Insurance Company and
administered by BerkelyCare.
About Priceline.com® Incorporated
Priceline.com Incorporated (Nasdaq: PCLN) www.priceline.com
provides online travel services in 29 languages in over 78 countries in
Europe, North America, Asia, the Middle East and Africa. Included in the
priceline.com family of companies is Booking.com, a leading
international online hotel reservation service, priceline.com, a leading
U.S. online travel service for value-conscious leisure travelers, and
Agoda.com, an Asian online hotel reservation service. Priceline.com
believes that Booking.com is Europe’s largest and fastest growing hotel
reservation service, with a network of affiliated Web sites. Booking.com
operates in over 70 countries in 24 languages and offers its customers
access to over 71,000 participating hotels worldwide.
In the U.S., priceline.com gives customers more ways to save on their
airline tickets, hotel rooms, rental cars, vacation packages and cruises
than any other Internet travel service. In addition to getting great
published prices, leisure travelers can narrow their searches using
priceline.com’s TripFilter advanced search technology, customize their
search activity through priceline.com’s Inside Track features, create
packages to save even more money, and take advantage of priceline.com’s
famous Name Your Own Price® service, which can deliver the lowest prices
available.
Priceline.com also operates the following travel websites:
Travelweb.com, Lowestfare.com, RentalCars.com and BreezeNet.com.
Priceline.com also licenses its business model to certain independent
and international licensees.