How Coronavirus Affects Your Travel Insurance

Everyone is understandably concerned about the spread of coronavirus (COVID-19). It’s an inescapable news story that is seemingly becoming more serious by the day. Travellers are particularly concerned about the impact COVID-19 will have on their travel plans. With many vacations planned well in advance, and a lot of dollars invested, it’s important to stay up to date with any travel restrictions put in place.

Will You Be Covered?

In light of the impact COVID-19 is having on the world, there have been changes to travel cancellation and trip interruption insurance. Most insurers now have a specific date outlined for cancellation eligibility. If you purchased your travel insurance before that date, the cancellation of your trip should be eligible for reimbursement if a formal advisory is put in place to avoid all or any non-essential travel. However, since COVID-19 is now a known event, any plans purchased after the date specified by your insurer will not be covered.

For any medical insurance, similar rules apply. If there is no travel advisory, travellers may still be covered. However, if a travel advisory is put in place and you still choose to take the trip, you will not be covered for any sickness or injury that is directly or indirectly related to the reason for the travel advisory.

Stay Informed

Since the news surrounding COVID-19 is evolving by the hour, it’s essential that you stay up to date on any travel advisories if you are planning a trip. If you have any questions or concerns, don’t hesitate to contact a Regal Insurance Broker today. Stay informed and stay safe.