There have been so many changes in several systems around the world since the outbreak of the Covid-19 pandemic. One of these changes is in the relationship between travel insurance and Covid-19. Are there ways the outbreak affects your travel insurance?
Keep reading to learn more about your travel insurance and Covid-19 pandemic measures.
How do Travel Insurance and Covid-19 work?
All travel insurance policies should cover Covid-19’s emergency medical expenses while you’re away from home. If you have to return home early due to the virus, a basic level of coverage will protect you. Also, you’re to get emergency healthcare coverage if you contract it.
As treatment and repatriation might be costly, this coverage is essential. If you have Covid-19 or need to self-isolate, you may be able to cancel your trip and cut your vacation. If you have orders to quarantine and need to extend your stay, it could even pay the cost of accommodation.
However, this appears to be more of a wishlist than what existing plans must address. The situation is changing now that non-essential travel is once again authorized.
Certain businesses now provide cancellation insurance if you or a travel companion contracts Covid-19 and cannot travel. Others may choose to follow their example.
What to Do Before Traveling
You should go through these steps:
- Before you go overseas, you’ll want to be clear about your insurer’s attitude on Covid-19. Hence, read the insurance papers carefully. You don’t want to be on the verge of paying for cancellations or regulatory changes all of the time.
- Check for vacation cancellation provision if you need to self-isolate or quarantine due to a virus diagnosis or government advice.
- Check for cancellation due to circumstances that prevent you from traveling. Most importantly, they are to be conditions after you’ve booked your holiday or paid for your travel policy.
