What travel insurance will not cover?

Canceled trips are a major concern for most travelers. If an insured or their travel companion becomes ill with COVID-19 during their trip, that insured will not be subject to the five-day maximum limit of the trip interruption benefit for additional accommodation and transportation expenses (however, the daily maximum limit for such expenses and the maximum limit of benefit for interruption of the trip). Travel plans can be thwarted by weather, aircraft mechanical problems, or any other unexpected circumstance. Travel health insurance is available as a standalone plan or as part of a larger travel insurance package.

Going to a less expensive destination (45%) is the most common cost-cutting measure, followed by making fewer trips (37%) and traveling shorter distances (35%). If you're worried about Covid, you can find travel insurance policies that cover travel cancellation related to COVID if you contract the virus just before your trip. Travel insurance is coverage designed to protect against risks and financial losses that could occur while traveling. Whether it's the vacation of a lifetime or a cross-country trip for a cousin's wedding, you might wonder when or if it's worth buying travel insurance.

You may be able to upgrade your trip cancellation insurance to “Cancellation for Any Reason” (CFAR) coverage. Therefore, if an existing condition occurs during your trip, the travel insurance policy will not cover it unless you have purchased an exclusion exemption for pre-existing illnesses. If you lose cash or it's stolen, it's usually also excluded from reimbursement in most travel insurance plans. While cancellation and other issues cause stress, you can take away financial worries by insuring your trip.

Allianz Global Assistance and Allianz Travel Insurance are trademarks of AGA Service Company dba Allianz Global Assistance or its affiliates. Department of State travel alerts related to COVID-19 that exist as of the effective date of this Coverage Alert. The iTravelInsured Travel LX plan has the same benefits, but it also includes “cancellation for any reason” coverage. These upgrades are especially good for the traveler who has deposited significant prepaid, non-refundable deposits.

Keep in mind that travel insurance is designed to protect you against unforeseen events and emergencies.

Kayode Alhassan
Kayode Alhassan

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