“It was a pretty quick and nimble response,” said Sandberg of TravelInsurance.com.
Usually travel insurance varies based on factors such as the age of the traveler, destination, length of travel and cost (most range from 4 to 10 percent of the travel cost). However, some destinations offer it for a flat fee, with most policies setting coverage limits and conditions for emergency medical services, evacuation, and costs related to quarantines.
Jamaica, which requires insurance but has not been announced when the new rule will take effect, plans to charge $ 40 for each traveler. The Bahamas will include insurance in the cost of their Travel Health Visa, an application that requires negative Covid-19 test results and ranges from $ 40 to $ 60 depending on length of stay (free for children 10 and under). The Turks and Caicos offers a policy for $ 9.80 per day, and Costa Rica’s policies, if purchased locally, cost approximately $ 10 per day.
Expect this list of goals to grow. In January, the Spanish region of Andalusia is planning travel health insurance and is working to find a provider that will make it easier for travelers to buy.
Gaps in travel insurance
Policies that cover Covid-19 as a medical event that may result in cancellation or interruption of travel, or those that cover medical treatment and evacuation may not apply to travelers who have a change of heart if they learn they are under Must be quarantined arriving even if they don’t have the virus. Nor are guidelines necessarily tied to local conditions, such as: For example, an increase in infections, travel warnings from the State Department, a travel ban by the government or the suspension of flights to and from a destination.
For these events, there is Cancel For Any Reason (CFAR), an upgrade to plans that generally only returns 50 to 75 percent of your non-refundable travel expenses.
“Before the pandemic, we wouldn’t necessarily recommend CFAR as most of the travelers’ concerns were covered by standard plans,” said Ms. Barto of Squaremouth.com. “It’s about 40 percent more expensive and we didn’t want travelers to pay for extra coverage.” Now, she added, interest in the upgrade has grown significantly, including 22 percent of the policies sold at the site since mid-March.
Industry experts predict that some of these open questions could find their way into future politics as they adjust to lasting realities, similar to what happened after 9/11 when they covered travelers during terrorist events, which was not the norm before.