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Having travel insurance when you go abroad is not optional, it is required, and especially now. During this pandemic time where everybody wants to make sure that such a problem can be covered.

If last year it was easy to select the travel insurance, this time it is going to be quite difficult. Not all companies who offer travel insurance have Covid-19 coverage. So, to save your time, I made this research and found the top 5 travel insurance companies that cover COVID-19. Please familiarize yourself.

Top 5 Travel Insurance Companies that Cover Covid-19

Many travelers began 2020 with big trips and exciting excursions in mind, but with the COVID-19 pandemic sweeping the globe, plans were put on hold or even canceled. Often, travel insurance is an overlooked aspect of planning a trip, but for many, this important feature can save hundreds or thousands of dollars when circumstances like COVID-19 occur.

You don’t want to put all your travel plans on hold, but you also don’t want to risk losing all the money you spend planning your trip.

It doesn’t seem like the coronavirus is going away anytime soon, but you may still be looking to plan a trip. Whether you’re traveling for business or pleasure, you should plan your trip with caution and forethought.

Amidst coronavirus travel restrictions, travelers are having to rethink their plans, but luckily, there are several travel insurance companies that offer coverage for coronavirus-related changes or cancellations.

Disclaimer. I am not an affiliate with any of these companies.

Heymondo

Heymondo is known for its simplified approach to travel insurance, including features like 24/7 worldwide assistance, no out-of-pocket expenses, and customized coverage.

All of their available plans cover medical assistance and expenses that extend into instances of COVID-19. This is an excellent option if you have already planned a trip and have not purchased travel insurance or if you want to extend your trip.

The general “Travel Insurance” plan covers medical expenses up to $10,000 USD, and if you are hospitalized for longer than 7 days, a family member will be provided with a return ticket and subsistence allowances of up to $10,000 USD to remain with you.

Other elements covered by this travel insurance include luggage damage and theft protection, repatriation and early return, cancellation, and interruption, and more.

In addition to medical expenses, your plan will cover adventure sports and electronics (both optional), luggage, and travel delay due to transport. Heymondo customers can also access the company’s free app for free assistance calls, 24/7 medical support, and claims management.

Heymondo also offers Trip Cancellation Insurance, Long Stay, and Annual Multi-trip selections. The price for your COVID travel insurance will vary based on your destination and trip duration. For example, if you are leaving from New York for a 7-day trip in September 2020, prices are quoted as follows:

Top: $32.33
Premium: $36.23
Medical: $31.04

Check out 10 tips on how to maintain your healthy lifestyle during traveling

Generali Global Assistance

Generali Global Assistance offers three travel insurance plans: Standard, Preferred, and Premium. Each plan extends to offer COVID travel insurance in the event that you or a traveling companion contract the virus before or during your trip. However, if you cancel your trip because of the fear of travel, their plans will not provide coverage.

If you or someone you’re traveling with contracts coronavirus and meets the requirements for coverage due to sickness, you can be covered for Emergency Assistance and Transport, Trip Cancellation, Travel Delay, Medical and Dental, and Trip Interruption. Generali also offers 24/7 Emergency Assistance services.

The level of coverage for each service depends on which of the three plans you opt for, but you will always receive 100% coverage for Trip Cancellation.

The Standard plan is considered best for travel within the U.S., such as flights, road trips, and vacation rentals. Generali recommends the Preferred plan for those planning to ski, golf, hike, or partake in international travel. The Premium plan is recommended for more expensive travel plans such as cruises and tours.

In addition to medical expenses, plans may cover missed connections, baggage loss or baggage delay, travel delay, and optional rental car damage.

Contact Generali Global Assistance for a quote. Quotes are based on your travel destination, trip duration, and plan selection. For one 25-year-old traveler leaving from New York to California for a $2,500, 7-day trip in September 2020, prices were quoted as follows:

Standard: $71.94
Preferred: $84.17
Premium: $105.30

Travelex Insurance Services

Another company providing COVID travel insurance is Travelex Insurance Services, underwritten by Berkshire Hathaway Specialty Insurance Company. Typical Travelex plans include Travel America, Travel Basic, Travel Select, and Flight Insurance.

If you’re looking for travel insurance for COVID cancellation, Travelex is a good option. If you or a traveling companion contract or are quarantined for coronavirus during your coverage period, you will be eligible for Trip Cancellation/Trip Interruption coverage.

You may also be eligible for this coverage if a non-traveling family member contracts COVID and needs your immediate care. If you contract coronavirus while traveling, you will be eligible for Emergency Medical/Evacuation coverage. As with Generali, you will not qualify for coverage if you cancel your trip because of fear of traveling.

The Travel America plan is designed for domestic trips within the United States, while the Travel Basic plan protects all your essential travel needs abroad. Travel Select offers customizable travel protection to match your lifestyle, and Flight Insurance provides customizable options for Air Travel Accident Protection.

In addition to medical expenses, plans may cover security deposit protection, pet medical expenses, and roadside assistance.

For one 25-year-old traveler leaving from New York for a $2,500, 7-day trip in September 2020, plan prices were quoted as follows:

America: $60.00
Basic: $64.00
Select: $82.00
Flight Insurance: $17.00

Seven Corners

Seven Corners is one of the few travel insurance companies that has created brand-new plans for COVID insurance. They have launched three plans with specially designed coronavirus coverage: Liaison Student Plus, Wander Frequent Traveler Plus, and Liaison Travel Plus.

Each of these plans offers coverage for medical expenses for COVID-19 (the disease), SARS-Cov-2 (the virus), and any variation or mutation of SARS-Cov-2.

The Liaison Student Plus plan includes a $100,000 COVID-19 Treatment benefit, as well as an additional $250,000 emergency medical evacuation and repatriation benefit.

The Wander Frequent Traveler Plus plan includes a $100,000 COVID-19 Treatment benefit, as well as an additional $1 million for emergency medical evacuation and repatriation. Finally, the Liaison Travel Plus plan includes up to $100,000 in COVID-19 medical expenses, as well as $500,000 for emergency medical evacuation and repatriation.

The Liaison Student Plus plan is designed for those studying or working abroad. It is intended for those taking multiple trips abroad each year. It also offers medical coverage for travel outside of your home country.

Seven Corners also offers group plans, as well as plans for visitors and immigrants to the U.S. In addition to medical coverage, some plans may also cover missed connections, baggage loss or baggage delay, flight accidents, rental car damage, and lost ski or golf equipment.

Those living in Colorado, Maryland, New York, South Dakota, or Washington are eligible for Round Trip Trip Cancellation Insurance. For one 25-year-old traveling to the United States for seven days, prices were quoted as follows:

Liaison Student Plus: $34.22
Wander Frequent Traveler Plus: $444.90 (valid for one year)
Liaison Travel Plus Travel Medical: $35.28

TravelSafe Insurance

TravelSafe Insurance is the only privately-owned insurance company in the United States and is great for traveling domestically or abroad. Travel insurance plans include the Classic and Basic packages. The Travel Medical Insurance package offered by TravelSafe does not include coverage for COVID-19.

You may be eligible for Trip Cancellation because of coronavirus. The Classic package covers up to $100,000, and the Basic package covers up to $10,000. Trip Interruption coverage can reimburse 150% of the trip cost with the Classic package or 100% of the trip cost with the Basic package.

You will also be eligible for travel delays and you may be able to add the Cancel for any reason feature. TravelSafe has a detailed FAQ on its website outlining what COVID insurance may or may not be available to you.

TravelSafe plans are intended for United States residents traveling either domestically or abroad. In addition to medical coverage, they also offer coverage for your baggage and personal effects, baggage delay, optional rental car damage, and more. They also offer 24/7 worldwide assistance services.

For one 25-year-old traveler leaving from New York for a $2,500, 7-day trip in September 2020, prices were quoted as follows:

Classic Package: $118.00
Basic Package: $91.00

Why Buy Travel Insurance Anyway?

Well, here are good reasons why you better get travel insurance in the case of unexpected situations

Most hospitals abroad require cash payments upfront. They won’t accept U.S. health insurance cards. In this case, if you carry travel insurance, it is your guarantee payment to doctors and hospitals that you will be treated for covered medical cases while traveling.
Medical evacuations overseas can be very costly. With travel insurance, you can make sure that you won’t have problems with transportation to the nearest hospital and be covered. It can also provide you with medical transportation to get back home if needed.
Many of the companies providing travel services, such as cruise lines, tour companies, and airlines have strict cancellation policies. Such cancellation policies can be covered with your travel insurance.

Final Thoughts

It’s frustrating to have to put all of our travel plans on hold because of the coronavirus, but with some coronavirus travel restrictions lifting, it feels like the end is in sight. If you are planning a trip in the upcoming months, be sure to use common coronavirus travel advice. Please do social distancing, wear a mask, and self-quarantining if symptoms arrive.

In any circumstance, purchasing travel insurance is a sound investment in case you get sick or injured during your trip. Many people go without travel insurance and later wish they’d purchased it.

If you’re considering traveling during the pandemic, it may be more important than ever before to pay for insurance. For your upcoming trip, consider purchasing travel insurance from one of these companies. Thinking ahead could potentially save you thousands of dollars in the case of an emergency.

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