The past few months have been difficult for the travel industry and travellers alike, but now that there are signs that the world is once again opening up to travel, you will need to keep up to date with the latest rules on annual travel insurance plans in a post-pandemic world.
Choose your destination carefully
When it comes to travel insurance there is no one-size-fits-all solution, and the destination you choose and the itinerary you opt for will play a considerable role in shaping how much travel insurance you will need. The secret to lowering your travel insurance costs is to only take out cover for what you might need. Try to ignore those add-ons that will increase your premium but will be of no benefit to you whatsoever.
Your credit card provider may already cover you for some expenses
You may be surprised to find out that you have already signed up for some complimentary travel insurance coverage when signed up for a new credit card. Such things as travel interruption insurance or trip cancellation cover are two of the most common types of travel insurance perks that some credit card companies provide. Contact your credit card provider and ask what travel insurance perks are included with your account, and if you are covered for certain eventualities then these are things you don’t have to add to your travel insurance policy.
Don’t imagine your travel insurance policy will cover a pandemic
A large proportion of travel insurance policies rule out coverage of pandemics, with these seen as being a foreseeable event, which means you won’t be refunded for your outlays. However, there are still plenty of good travel insurance plans that will not exclude Covid-19 as a reason for your trip being cancelled.
Another way to circumvent the risk of a Covid-19 outbreak ruining your vacation is to opt for a policy that provides “cancel for any reason” coverage. This kind of plan will reimburse the non-refundable and prepaid portion of your vacation should you need to cancel for whatever reason. However, this type of policy usually needs to be brought within two to three weeks of your initial trip payment and is often more costly. Also, check the small print as your policy may require you to cancel no later than 48 hours before your scheduled departure.