Buying travel insurance amid COVID-19 pandemic? Here are key things to consider

According to Naval Goel, Founder & CEO, PolicyX.com, one must take travel insurance that offers health protection and stand in support to cater to medical expenses along with various other medical facilities such as air ambulance, daily hospital cash allowance and accidental coverage.

Talking about the expenses while travelling during the pandemic, Rakesh Goyal, Director at Probus Insurance said that there are few insurance companies that also cover quarantine expenses. Hence, one should opt for such plans if they are planning to move to a region that requires mandatory quarantine.

The chances of flight cancellation are higher these days so people planning to buy a travel insurance should opt for Cancel for Any Reason (CFAR) add-on as well to avail accommodation and flight cancellation benefits during the coronavirus.

As per Goel of PolicyX, CFAR allows the insured to leverage the opportunity to cancel travel plans for reasons other than those listed as “covered reasons” on a policy.

"CFAR permits the insured to bypass that list, giving greater flexibility and freedom when making decisions about travel reservations. It comes only as an add-on rider offered with a comprehensive policy but it is only available if the insured meets certain criteria," said Goel.