With the COVID-19 pandemic causing extreme uncertainty around foreign travel, 80 percent of people think that travel insurance has become more important than ever before, according to travel insurance provider Staysure.
You are always recommended to take out travel insurance in order to protect your getaways, but not all policies offer the same level of cover. Moreover, some have exclusions, consisting of claims relating to the COVID-19 pandemic. To find the right policy for you, consider these key things when buying travel insurance.
1. Coronavirus cover is available but policies vary
Due to the coronavirus pandemic, some insurers stopped selling travel insurance. And now, although many policies are back on sale, certain claims may be excluded.
Companies such as AXA, All Clear, CoverForYou, AA, Holidaysafe, InsureandGo, Abta, esure, Nationwide, Southdowns, Staysure, Saga, and Trailfinders has now restarted delivering travel insurance policies to new customers.
However, policies are different, so ensure you understand clearly about what will and won’t be covered due to coronavirus disruption.
Some insurers will exclude all claims due to coronavirus, with emergency medical treatment overseas and repatriation being the exception.
Some insurers such as Coverwise will also cover cancellation, but only in certain circumstances. Coverwise will cover you when it is necessary to cancel a trip.
Similarly, AXA covers certain cancellations because of medical reasons but announces that new customers won’t be covered against any non-medical cancellation or disruption, such as government’s advice against travel, lockdowns, or any country’s advice not to travel there.
2. Cancellations due to a change in government’s advice
It is tricky now to find a policy that would pay out for cancellation due to a change in the government’s advice relating to COVID-19 pandemic, as happened with Spain recently.
You may have cover against other changes in the government’s advice if it isn’t a result of the coronavirus.
If this is one of your worries, try protecting your holiday in a different way, such as booking a package holiday, so that you would be entitled legally to a refund if it was cancelled due to the government’s advice.