TRAVEL TIPS | Increase in travel insurance due to Omicron variant

There has been an increase in demand for travel insurance since the news about the existence of the Omicron variant.

Since the World Health Organization announced that it had identified a new, highly transmissible COVID-19 Omicron, travel insurance sales have risen. A lot of travelers are now having to navigate the implications of border closures, quarantine restrictions and the new variant of COVID-19. It is important when purchasing travel insurance, to confirm if the policy extends to travel related impacts such as restrictions due to border closures.

Most standard policies cover the medical costs of contracting COVID-19 while abroad including any of its variants, but unforeseen circumstances that can derail travel plans may not be such as government-issued travel warnings for your destination, or newly-issued quarantine restrictions that apply in your destination.

Travelers do have the option of adding a ‘Cancel For Any Reason’ upgrade to their policy for an additional cost, which would allow them to cancel their trip due to these types of reasons that would otherwise be excluded from coverage. Just be mindful that when purchasing the Cancel for Any reason upgrade that you do it within the brief available period otherwise you won’t be covered.

Ellusive & Co.