With the rapid rise in reported cases of coronavirus around the world, travelers are reconsidering their 2021 & 2022 vacation plans. For many, that means canceling trips. For others, it means looking into travel insurance.
“We’ve seen a huge spike in travel insurance purchases and call volume since the outbreak,” Jason Schreier, CEO of April Travel Protection, told HuffPost. “As awful as it sounds, when these kinds of things happen around the world, it absolutely is a boost to our business.”
Travel insurance can be a useful resource if you face a health emergency, such as contracting coronavirus, during a trip. If you are quarantined or fall ill, your standard trip cancellation or interruption policy should cover any nonrefundable expenses that result. Traditional travel insurance plans also cover emergency medical expenses and medical evacuations home.