Travel insurance is a great way to protect yourself from financial losses and risks that may occur while traveling. It can pay for your expenses in advance if you need emergency medical treatment or emergency transportation while abroad. However, it's important to know that there are certain things that travel insurance won't cover. Epidemics and pandemics are generally excluded from travel insurance policies.
According to Allianz Global Assistance, a travel insurance provider, travel cancellations and interruptions due to known, foreseeable or expected events, epidemics, or fear of travel are not covered. This means that if you choose not to travel due to fears or concerns about COVID-19, standard travel insurance won't offer coverage. Most policies include coverage for the costs of an interrupted trip, lost luggage, and medical emergencies during the trip. However, it's important to review the policy and talk to your insurance company or agent to find out what medical and personal property coverage you have while you're traveling.
CFAR protection is different from travel insurance, but it can be offered together with or as an alternative to a travel insurance policy. If you buy travel insurance and later cancel your trip, some policies offer a refund of the travel insurance premium. If you work with a trusted travel agent, ask them about their experiences with recommended travel insurance companies. It's important to make sure that you understand what is and isn't covered by your policy before you purchase it.
However, it's important to know that there are certain things that travel insurance won't cover, such as epidemics and pandemics, trip cancellations due to fear of traveling due to an epidemic or pandemic, and known, foreseeable or expected events.