With all the travel plans gone down the drain in 2020, this year brings renewed hope for things to settle down a bit and travel plans to come to fruition. However, if things were to change at the eleventh hour, you will be more than thankful for your travel insurance. Here’s everything you should know about securing travel insurance. 

Booking A Trip During The Pandemic

Due to the ongoing pandemic, travel insurance companies have implied that one will be travelling at their own risk. Furthermore, your trip will only be covered if you or your company has the virus. Otherwise, it won’t be covered if you happen to cancel your trip due to the fear of catching the virus. 

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Coverage Of Unforeseen Events

However, online bookings or airlines offer the standard travel insurance that covers unforeseen events, including unexpected sickness, accidental injuries, or the death of a family member. So, you won’t get financial compensation, unless you or the person you’re travelling with has tested COVID-19 positive. 

CFAR Travel Insurance

CFAR insurance requires you to plan your trip in its entirety. 40% to 60% more than your standard travel package, it goes on to reimburse only 50% to 75% of your trip. Despite everything, it at least covers your entire trip should you cancel over concern of the virus.

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Flight Cancellation Policies

Interestingly, quite a few major airlines have allowed  cancellation of flights without any of the usual fees. In fact, many are offering travel credits for the next two years. Changing flights through the airline may be less than ideal, in case you want your money to be refunded. In terms of cost and flexibility, air lines are good enough in providing insurance. 

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As the pandemic situation keeps changing, it is essential to stay updated with the travel insurance circumstances.