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Travel is one of the activities that are normally planned for and looking forward to. However, the impact of the Covid-19 in the travel industry has set many boundaries. Such boundaries led to the cancellation of trips due to cancelled flights, border restrictions, stricter travel guidelines, health protocols, and so on and so forth.
These unexpected events (either unforeseeable
and foreseeable) can ruin your vacation plans and may cost you more. To avoid
these, travel insurance was designed to address such travel concerns.
What is a travel insurance?
Wikipedia defines Travel Insurance
as an insurance product for covering unforeseen losses incurred while
travelling, either internationally or domestically. Basic policies generally
only cover emergency medical expenses while overseas, while comprehensive
policies typically include coverage for trip cancellation, lost luggage, flight
delays, public liability, and other expenses.
What travel insurance covers?
Travel insurance covers the most
unexpected things that might happen to you when you plan a trip. If you’re
taking a trip, there is always the possibility that your trip might be
cancelled because of a hurricane or any other natural disaster. Travel
insurance can also cover any medical type of emergency that your health
insurance company might not include in their policy.
Is Covid-19 covered by the travel
insurance?
When Covid-19 becomes pandemic, this
event becomes foreseeable and therefore not covered under standard travel
insurance benefits.
However, the continued impact of the
Covid-19 made some of the insurance providers adapt to the worldwide health
crisis. And one of them is Starr International Insurance Philippine
Branch.
If you are hesitating to travel
because your preferred insurance company cannot cover Covid-19, then seek a
provider that offers additional premium for Corona Virus.
An article published by money.com
last July 2, 2020, showed a summary of the Best Travel Insurances of 2020, which responds to the new normal, an impact of COVID-19 in the travel industry.
In the
Philippines, Starr International Insurance Company (Philippine Branch), a
travel insurance provider responded to the call of Inter-Agency Task Force for
the Management of Emerging Infectious Diseases (IATF-MEID) Resolution No. 79
Series of 2020 dated October 15, 2020 concerning the lifting of non-essential
outbound travel of Filipinos. Thus, including Covid-19 as part of their policy
coverage.
Starr
International Insurance Philippine Branch shall cover any medical expense in
connection with or in any way involving or arising from any infectious disease,
whether asymptomatic or not, severe acute respiratory syndrome Coronavirus
disease (COVID-19), including variation thereof, or Pandemic or epidemic as
declared as such by the World Health Organization or any government authority
up to USD50,000 or Php2,500,000 whichever is lower.
Starr
Insurance offers two medical expense coverage for Coronavirus Disease:
1.)
Assist Card Plans - this travel insurance is valid for 1-year for any
destination. The coverage of this plan is up to USD35,000 or up to USD50,000.
This
plan can also be beneficial for frequent travelers, which could cover them
while traveling throughout the year.
2.)
TraveLead International Plans - this travel insurance is valid for your
intended travel duration. The coverage is up to Php1,000,000 or up to
Php2,500,000.
These
plans exclude the following:
1.)
Denial of entry upon arrival within itinerary whether pre-departure from origin
point, in-transit at connection points, or at final destination.
2.)
Change of travel decision due to fear of COVID-19 infection during
pre-departure, at connecting points, or at final destination.
*Information
can be changed.
How to
book these plans?
Starr
International Insurance Philippine Branch is partnered with RAKSO TRAVEL in
selling their travel insurances which include coverage of COVID-19. You may
call Rakso Travel at +63 (02) 8651 9000 or email support@raksotravel.com to
book. You can also visit www.raksotravel.com and chat them live.
Reminder
Please
note that it is important to read carefully your insurance coverage, what
covers and what not. Remember, claims will only be paid as specified on your
policy.
I hope
this simple information had helped you.
Stay
tuned for more information.
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