What You Need to Know About Travel Insurance During a Pandemic

What You Need to Know About Travel Insurance During a Pandemic

What You Need to Know About Travel Insurance During a Pandemic

What You Need to Know About Travel Insurance During a Pandemic

As a frequent traveller, you already know the importance of getting travel insurance. Most travel insurance covers trip cancellations due to unforeseen events such as unexpected illness, accidents, or the death of a family member. In light of these definitions, what can travel insurance do for you during a pandemic?

For most policies, your insurance will only cover cancelling your trip if you or the person you are travelling with has the virus. That means if you want to cancel your trip for fear of getting the virus, your travel insurance will not reimburse your expenses.

But wait! All is not lost…

Most airline companies are being very generous with their cancellation or change policies right now. Contact the airline you have booked with directly and see what they will do for you.

The other alternative is to buy a special travel insurance within one to three weeks of booking your tickets. This insurance is called CFAR or “Cancel For Any Reason” insurance. This insurance is more expensive and only covers between 50-75 percent of your trip.

While the economic factor is a drawback, this is the only insurance that will cover cancelling your trip without actually having the virus. So, if you are planning a trip in the near future, you may want to consider this option.

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