Travel Insurance and Covid-19 in Canada
Coronavirus has changed the landscape of our lives and it seems that just about everything has been affected in one way or another. One thing that you’ll want to consider regarding any changes due to Covid-19 is your travel insurance. These have been unprecedented times and you’ll want to make sure that you are covered should the unexpected happen.
Covid-19 and Travel Insurance
The purpose of medical insurance when travelling is to cover medical costs that are unexpected. Basically, if you do to contract Covid-19 while travelling, it would be just like contracting another disease. Your travel insurance may or may not, however, cover any necessary hospital and medical costs.
Trip Interruption and Cancellation Coverage
Coverage for cancellation or an interruption for a trip will often be covered if an advisory warning has been issued regarding travelling to a specific location because of the risk of getting Covid-19. As well, if you find yourself in a destination where the same travel advisory is issued and you’re in the middle of your trip, you can usually apply for insurance for trip interruption.
It’s important to contact the insurance agency, however, since Covid-19 is a rapidly evolving situation on a global level. There are some companies providing insurance that list Covid-19 as a known risk. In other words, trip interruption and cancellation claims would not be considered. The design of travel insurance takes into account unexpected illnesses and events that would only affect a small portion of travelers and not common problems that may affect a lot of people.
Cancellation of a Travel Insurance Policy
If you decide that you have changed your mind and no longer want to travel, you may be able to get reimbursed for the money paid for medical travel insurance as long as you cancel the policy before departing. It is unlikely, however, that you will be reimbursed for any insurance premiums that are non-medical in nature.
The best thing you can do during these uncertain times is to read through a travel insurance policy thoroughly before signing anything and before making a payment. If you have any questions, be sure to find the answers ahead of time so that you’ll know whether your insurance would cover Covid-19 while you are travelling or not.
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