Buying travel insurance for COVID-19 can be challenging. Countries worldwide have taken strict action to curb the virus’s spread, and it seems as though these regulations change daily. Because of this, many travelers are wary of booking their next trip –– rightfully so.
Finding the best travel insurance plan for your next trip doesn’t have to be a nightmare because of the coronavirus. There are several trip protection plans on the market that treat the pandemic like any other disease or illness –– and that’s the trick. You want to find a travel protection plan that will cover you if you get COVID-19 before or during your trip.
In this article, we’ll tell you what to consider when buying travel insurance for COVID-19.
Does travel insurance cover COVID-19 if I need to cancel my trip?
Whether or not travel insurance will cover losses that stem from the coronavirus will depend on the plan, and there is no quick answer. Some travel insurance plans treat COVID-19 like any other illness, while others exclude it from coverage entirely because it’s a pandemic. It’s important to look for a plan that does not exclude pandemics or epidemics from coverage in today’s travel climate.
Coronavirus (COVID-19) is a contagious disease that evolves rapidly. Because of its quick spread, nations may impose travel restrictions overnight. These changes may unexpectedly force you to cancel or shorten your trip.
But that doesn’t mean you’re covered. Travel restrictions, warnings, and recommendations are rarely a covered reason for trip cancellation, meaning, you won’t get reimbursed for your non-refundable trip costs if you cancel because of this. That is unless you have the Cancel for Any Reason benefit. Cancel for Any Reason allows you to cancel and get up to 75% of your non-refundable trip costs back. It’s a great buffer for those scenarios not typically covered by trip protection plans.
There are travel insurance plan that will cover your trip cancellation if your destination plans to quarantine you upon arrival. This is only available in select plans, so if it’s a concern, please be sure to find travel protection with coverage for involuntary quarantine.
What if I get COVID-19 while on my trip?
Again, you’ll want to make sure you have travel insurance that treats the coronavirus like any other illness. If that’s the case, costs for emergency medical care and evacuation will be covered.
Yes! We said evacuation. Many countries require foreign travelers to have emergency evacuation coverage in the event their hospitals become overwhelmed because of COVID. This coverage ensures that you’re transported to the nearest qualified facility that can provide the treatment you may need. As many are aware, intensive care varies worldwide. It’s important to know that you have access to good care of your condition worsens over time.
Trip interruption is another benefit that applies if you get COVID-19 while on your trip. Contracting the virus will most likely require you to cut your trip short or even extend your stay. Trip interruption benefits can pay for additional flights, hotel or Airbnb stays, and losses for any prepaid expenses you’ll have to cancel.
I’ve already started traveling. Can I buy travel medical insurance that covers COVID-19?
If you are stuck overseas you must have proper international travel medical insurance. There are many travel medical and visitors insurance plans that you can buy once you’ve already started your trip. The key is that you do not already have COVID-19. If you have it at the time you are purchasing your plan, you will not be covered. Additionally, if you have already had COVID-19 and are experiencing lasting complications, you won’t have coverage for those complications either.
What If I’m Afraid To Travel As The COVID-19 Outbreak Worsens?
Fear of traveling because of the pandemic is valid. However, no travel insurance plan will cover losses because you are afraid of getting sick. This is where the Cancel for Any Reason benefit comes into play.
The name of this travel insurance benefit means what it says: you can cancel your trip for any reason and get refunded up to 75% of your prepaid trip costs.
How do I buy Cancel for Any Reason (CFAR) during the COVID-19 outbreak?
There are a few eligibility requirements to keep in mind if you’re looking to buy trip insurance with cancel for any reason. These requirements vary by plan, but you must typically do the following:
- Buy your plan within 7-21 days of your first trip payment or deposit;
- Insure the full cost of your trip;
- And cancel your trip 2 or more days before your scheduled departure.
Not every company or plan has the same requirements to buy cancel for any reason. We recommend buying this coverage the day you make your first payment on your trip.
Does domestic health insurance cover me if I’m overseas and I contract coronavirus?
Most people are unaware that their domestic health insurance doesn’t cover you outside of your home country. This is especially true for US residents on Medicare. Even if your health insurance covers you overseas, the deductibles and costs of care will be much higher. G1G recommends buying travel insurance coverage for any upcoming trip, even if the trip has already begun.
It’s important to read the fine print as there are limitations to what is covered during the coronavirus pandemic. Check your policy details or contact one of our Customer Care Experts to determine if coverage applies.
Will travel insurance help a U.S citizen with medical evacuation, if they contract coronavirus while overseas?
It all depends on the plan you choose. Some plans cover emergency medical evacuation to the nearest hospital or even back home for medical treatment. Others might exclude epidemics or pandemics from coverage, meaning you won’t have coverage for the costs.
I have seen a rise in certain goods and services during the coronavirus pandemic. Have the insurance companies raised prices for travel insurance plans?
The prices for insurance are regulated by law, so no insurance company can raise prices on a whim. Insurance companies handle their filings once a year. At this time, they can update their prices. It’s possible that we will see a rise in the cost of travel insurance in 2021, but G1G believes the market will remain competitive and the costs will remain reasonable.
G1G provides the best travel insurance for COVID-19. We allow you to compare 100’s of plans and even tell you exactly which ones cover the coronavirus.