Wednesday, December 7, 2022

Samsung Galaxy M04 India...

Samsung will launch the entry-level Galaxy M04 phone in India on December...

We are Indians —...

From polling stations set up to serve just two voters, to EVMs...
HomeTechnologyInternetTravel Insurance And...

Travel Insurance And Covid: Are You Covered?

After two long years, Australians may leave the country without requiring an exemption from the government. However, while ‘Fortress Australia’ may have finally come to an end and the World Health Organisation says that the end of the pandemic is in sight, international travel has not yet returned to normal.

International borders may have reopened, but quarantine requirements remain in a state of flux and those who are unvaccinated against Covid-19 may be subject to at the Australian border. They may also face restrictions on arrival overseas. 

Many of us cannot wait to jump on a plane bound for foreign shores, however it is especially important to take the time to find the right travel insurance policy. Some countries require Covid-19 specific coverage and will not permit entry without it. 

Outbreaks of COVID-19 are still occurring in many parts of the world, and there is a real risk of falling ill while overseas or getting sick prior to departure and needing to postpone the trip. If a travelling partner catches COVID-19, a period of isolation may be required as a close contact.

Check your Destination First

Check the requirements for every destination you are visiting, including transit countries. Check at the time of booking tickets, and check again shortly before leaving. The situation remains fluid in many places. 

Some nations still require a period of quarantine to be completed, even for those merely passing through. Many countries require actual proof of insurance: in Singapore the minimum coverage for COVID-19 related medical expenses is SGD $30,000 (AUD $32,192). Even the method of proof varies: some authorities will only accept a piece of paper, while others will allow a digital certificate displayed on a smartphone. 

Due to the ongoing global health crisis, an unusually high number of countries are ranked by the federal government’s government advisory website, Smarttraveller, as level four out of five, which is ‘reconsider your need to travel’. Even if you wish to go regardless of the warning, not all insurers are willing to offer a policy. 

Furthermore, some policies will only allow a cancellation for safety reasons if the advice level increases once the policy has been purchased and if it was at or below level three at the time it was purchased (‘Exercise a high degree of caution’). For more information on travel advisories and how it relates to Covid-19, visit Smarttraveller.

Does Travel Insurance Cover Covid?

In short: yes. However, generally speaking the policies are limited in what they will cover, and there is significant variation between what is offered. Prior to the outbreak of COVID-19 in March 2020, no travel insurance covered the adverse impacts of a pandemic. Insurers have since been playing catch-up, but cannot possibly insure every possible scenario.

Much depends on the timing of when the illness was contracted. For example, most policies will cover cancellation costs if a traveller gets COVID-19 before they leave home or during their journey, or if they are deemed to be a close contact of someone with COVID-19. 

Some policies, however, will not cover such costs if COVID-19 was contracted before leaving.

Do I need Covid Cover if Travelling Domestically?

Australians who find themselves in need of medical treatment while interstate are covered by the national Medicare system or their own private insurance policy. That is why most domestic travel insurance policies do not provide cover for medical expenses. 

However, it is both possible and worthwhile to take out COVID-19 insurance for other sources of pandemic-related disruption, such as plans being postponed or cancelled due to a positive COVID-19 test result. Some policies provide cover if the pre-paid accommodation was closed due to COVID-19-related cleaning following an outbreak. There is no blanket policy for COVID-19 related events, however, so always read the Product Disclosure Statement (PDS) carefully. 

What Is Frequently Covered?

Some policies only cover medical and repatriation costs if the policyholder catches COVID-19 overseas. Some insurance policies provide limited cover for cancellation costs. Most provide coverage in three scenarios:

  • the traveller catches COVID-19 before departure 
  • during the travel period 
  • or they are required to isolate at home because they are deemed a close contact of a person with COVID-19.

What Isn’t Covered?

There is no substitute for reading the fine print before purchasing a policy. However, on the whole, cancellation policies will cover extra expenses for quarantine costs if COVID-19 is contracted while overseas. 

Be wary of exclusions and limits. For example, some policies have an upper limit of just $2500 for any extra costs incurred.

Like all insurance policies, reading the fine print of a COVID-19 travel insurance policy is essential to avoid spending more than is needed on the wrong policy, or wasting money on a policy that will be deemed void.


Is Covid included in travel insurance?

It is not covered by default, and some countries require a traveller to have a specific pandemic-related policy in order to be permitted to enter. 

If taking a cruise, be vigilant about purchasing the right cover. Some insurers do not provide COVID-19 cover for multi-night cruises, and many cruise operators require a COVID-19, cruise-specific policy to step onboard.

What does Covid travel insurance cost?

How much is Covid travel insurance to Bali?

What is the best travel insurance for Covid?

When should I buy Covid travel insurance?

Am I covered if I have to cut my trip short due to Covid?

Source link

Get notified whenever we post something new!

Continue reading