Will you be covered by travel insurance?
Although concerned travelers may be tempted to purchase a travel insurance policy because of the coronavirus right now, this coverage is unlikely to help them if their trip gets cancelled. “Once an event becomes common knowledge, it also becomes excluded by travel insurance policies,” according to travel insurance-comparison website Squaremouth. “This is because insurance providers consider it to have a foreseeable impact on travel.”
Travelers can purchase “cancel for any reason” travel insurance policies, which would still provide coverage under these circumstances. But these policies must be purchased within 21 days of the first booking and generally cost 40% more than the typical insurance policy, Squaremouth added.
Before taking this step, travelers should check with their airline, hotel or tour operators to know whether these companies have been offering refunds or charging cancellation fees. If it’s possible to cancel your booking at no charge for a full refund, travel insurance may not be worth the expense.
Read the full MarketWatch article online here: https://www.marketwatch.com/story/should-i-cancel-my-flight-will-recirculated-air-on-a-plane-spread-coronavirus-heres-what-you-need-to-know-before-traveling-2020-03-06