Are you traveling this year? Here’s everything you need to know about traveler’s insurance after COVID

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Should You Consider Travel Insurance Now?


Key points

  • Travel insurance protects you, your property and your travel plans in the event of an emergency.
  • With the spread of COVID-19, many travel insurance companies are offering additional coverage.
  • Typical benefits are COVID-related medical emergencies, trip cancellations, testing, and quarantine costs.

According to the US Travel Association, travel spending hit a new high in May, hitting $101 billion. Over the July 4 weekend, AAA predicts that nearly 50 million Americans will travel. That’s 4% higher than 2021 levels and just 2% lower than 2019. As travel returns to pre-pandemic levels, here’s what you need to know about post-COVID travel insurance .

What is travel insurance?

When you decide to travel, you may face many different risks. They range from getting injured or suffering from illness while traveling to missing a connecting flight. Travel insurance helps protect you against these types of risks and the financial losses you may incur as a result. Although some travel credit cards offer a limited amount of insurance, it’s often not enough to cover all situations. There are many different insurance options, and the most common coverage offered includes:

  • Medical expenses related to injury or illness
  • Lost or stolen baggage
  • Last minute trip cancellations, missed connections or trip interruptions

COVID-19 coverage

Many travel insurance companies now offer COVID travel insurance. You must select a plan with COVID coverage. Some benefits of this coverage are:

  • COVID-related medical emergencies and medical evacuation. If you contract a strain of COVID after the effective date of the policy, your travel medical insurance may cover you.
  • The insurance will also cover any trip cancellations if your trip is canceled due to COVID-19.
  • Some policies cover the cost of COVID testing if you have symptoms and are ordered by a doctor.
  • Some policies also cover quarantine costs for COVID-19.

Each policy will have different requirements to qualify for this additional coverage. Travel insurance is used to protect against the unexpected. It does not cover preventive care such as medical examinations or vaccinations to prevent illness.

If you’re planning to travel soon, getting COVID-19 insurance may be worth it given the new disease risks. As more and more variants spread and many countries apply travel restrictions, travel insurance can help you recoup your costs if your trip is cancelled. If you already have an existing travel insurance policy, you should review the policy documents to see if it will cover issues related to COVID-19. Some policies cover COVID-19, some don’t. If you don’t have this type of travel coverage, contact your insurer to find out what options are available to you. It’s a smart decision in these uncertain times.

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