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FYI

A New “Travel Insurance Checklist” for Travelers

A New “Travel Insurance Checklist” for Travelers
FlyerTalk

As we all prepare to get back on the road, travel insurance provider InsureMyTrip has developed a “coverage checklist” to help travelers make sure that they are covered in case of a COVID-19-related travel incident.

“As travel restrictions wane, more travelers will be booking trips and buying travel insurance. Easily identifying travel insurance plans with broader coverage and flexibility is vital,” says InsureMyTrip Travel Insurance Expert Meghan Walch. “While using comparison tools on our site or speaking directly with an expert is always available, this simple checklist can help travelers better understand what they are buying — and how it will best protect them.”

Look for “Cancel For Any Reason Coverage”

If COVID-19 concerns aren’t listed as a “covered reason” for canceling your trip, look for a Cancel For Any Reason Benefit. Often, these additional coverage costs extra. However, you can’t put a price on feeling secure about your trip cancellation.

You should know, however, that not all travelers will qualify. Your provider may require that you meet specific eligibility requirements. You may also be required to purchase this upgrade within a certain number of days after your initial trip deposit.

Look for “Financial Default Coverage”

Financial default coverage is designed to cover you if your travel supplier–an airline, cruise line, or tour company–has stopped operating because of financial reasons, something all too common in the coronavirus era.

If this happens to you, and you have financial default coverage, you can be reimbursed for the cost of your trip if you’re unable to make other arrangements to travel. But, be sure to read your policy carefully. Travel insurance providers may only offer coverage for the financial default of select travel suppliers.

Quarantine Coverage

Did you know that some insurance providers provide quarantine coverage? It’s designed to provide coverage for extra costs incurred if you are forced into quarantine (typically by a doctor’s orders). As of publication of this article, only a select few insurance plans offer this kind of coverage.

Are you planning a trip? Do you have this kind of coverage? Let us know in the comments section.

 

View Comments (4)

4 Comments

  1. OZFLYER86

    May 15, 2020 at 7:21 pm

    corona is just another version of sars. A bad one, but it’s being hyped out of all proportion by media

  2. not2017

    May 16, 2020 at 7:10 pm

    I have always been a big advocate of trip insurance. Especially for older people with health conditions. But after my experience with travelling to Spain for a cruise in March, I am hesitate to waste money other than for emergency evacuation. I had insurance that I purchased and the trip was purchased using Chase Sapphire Reserve. The cruise line cancelled our cruise 2 hours after boarding. Both insurances denied any kind of claim. It was as if they actually modified covered items after Covid-19 appeared. I am still fighting them. But they lost a customer.

  3. passy777

    passy777

    May 19, 2020 at 2:14 am

    You can have the best travel insurance in the world, but if your government advises against travel, the policy isn’t worth the paper it is printed on.

  4. Ski Ag-'82

    May 22, 2020 at 7:35 am

    I can tell you that AIG Travel Insurance is worthless–will not honor a COVID19 claim. As part of United Airlines purchase.

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