Travel insurance might not help for trips called off due to Travel and the Coronavirus

Travel insurance might not help for trips called off due to Travel and the Coronavirus

Travel and the Coronavirus Don’t count on your travel insurance to provide much help Travel and the Coronavirus If the new coronavirus interferes with your already-planned trip.

You might be out of luck Travel and the Coronavirus Unless you have coverage “cancel for any reason”.

Fear of contracting the new coronavirus, While some insurers have loosened their restrictions or COVID-19 is not covered under a standard policy, experts say Travel and the Coronavirus. And because the spread of the pathogen is now considered a known factor for travel., it is likely to be excluded from the coverage it’s a declared pandemic.

Jill Gonzalez, an analyst with personal finance website WalletHub said: Travel and the Coronavirus “It’s going to differ depending on the policy, which people are finding out,”. “It depends on the fine print.”

The rapid spread of COVID-19 has hit the travel industry especially hard, travel restrictions, closures, as event cancellations, and consumers’ fear has stopped many trip-takers in their tracks. Already, the International Air Transport Association estimates that airlines globally will see a revenue loss of more than $100 billion this year.

there have been more than 137,000 cases with Europe now considered the epicenter of the outbreak, Although the count is expected to rise, As of Friday, there were at least 1,250 confirmed cases of COVID-19 in the U.S. Globally. As state and local officials rush to mitigate the spread of the virus, closing schools and banning large public gatherings and President Donald Trump declares a national emergency, whether domestic or international consumers are being forced to reconsider their travel plans.

Some travel insurers have posted notices on their websites about how their policies will or won’t cover cancellations due to the coronavirus including TravelGuard Group and Allianz Global Assistance. due to illness from COVID-19 Allianz, for one, has loosened some restrictions on cancellations.

by you or a family member before or during the trip, Typically, a standard policy with “cancellation and interruption” coverage includes illness. if the policy was purchased before Jan. 21, according to the US Travel Insurance Association, Right now, though, many insurers will only cover the coronavirus.

A spokesman for the Insurance Information Institute, Mark Friedlander said: Travel and the Coronavirus “There’s a clause in many policies that says you won’t get trip cancellation coverage for illness once it’s declared an epidemic or pandemic,”.

However, depending on the policy, Gonzalez said, if you cannot go on your trip because you’re quarantined and can provide documentation of it you might have coverage.

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