Trip cancellation insurance or Travel medical insurance?

Travel Insurance during Covid19, and need for travel insurance

Travel and tourism is one of the sectors that has been devastated due to the Covid-19 pandemic across the globe. Nearly 120 economies have now placed international travel restrictions, as a result of which perhaps the most immediate and prolonged impact is on travel and tourism sectors. Numerous estimates reflect the adverse impact of COVID-19 on the global and different national economies. As cases of novel coronavirus keep increasing everyone with international travel plans are likely to have concerns and may just choose not to travel. No one is sure when tourism will restart again from this standstill.

It’s too early to speak about what to do when pandemic gets over and things start to look better? After all, there are still many countries who have just began to introduce firmer social distancing measures as COVID-19 have crossed their borders. However, you will also see that there are few countries who think they are passing the peak phase of infections and have effective planning on how to ease out few restrictions.

If Covid-19 survivors become immune to subsequent infections and transmissions, an immunity certificate may become a requirement for outward and inward travelling. Paradoxically, countries who are the major source for tourism and are now worst hit may initially be the most promising tourist markets in future. Few countries have already started working towards considering issuing “immunity passports” so people can come out of the lockdown early. Needless to add is the fact that the host countries will also need to demonstrate that the country is safe for tourists.

Many livelihoods and economies are dependent on the travel sector. More than 10 percent of the global workforce is working in tourism industry. However, the approach for travel will experience a dramatic transformation.

What will be the “new travel normal “post the coronavirus pandemic?
The era of seamless international travel is in abeyance until travelers restore their confidence to begin traveling again to faraway places. A New travel normal may mean that tourism will typically begin locally. Travelers will start looking for local road trips, not too far away from home. A change to vacation rentals over hotels and crowded resorts, driving rather than flying, an increased usage of travel insurance, a week-long stay at a sanitized rental property nearby.

Travelers who choose to travel will start looking for more precautionary measure while travelling like purchasing an International travel health insurance. Having international travel health insurance is a necessity now as this covers all unexpected medical emergencies while outside one’s home country. It covers all the medical expenses that will incur during the treatment provide for the insurer outside the home country and make you stress free. There are various affordable travel insurance plans available. You can compare travel insurance and purchase the suitable one.

The UN World Tourism Organization had calculated 1.4 billion international tourist arrivals in 2018, and had predicted 1.8 billion arrivals by 2030.With the pandemic virtually all travel has frozen and likely will take a very long time to restart. The world is still in wait-and-see mode until the virus is controlled and effective systems are in place to reinstate confidence in travel, to expect people to start booking again. Until then stay safe during your future travels.

US travel insurance for Coronavirus

There are currently three US insurance providers namely Trawick International, INF insurance and Global Underwriters who offer US Visitors insurance coverage for coronavirus.