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, and so on and so
forth.
These unforeseeable and foreseeable
events can throw you off your vacation plans and may cost you more (even more
expensive than your plane ticket!). Maybe you're asking right now how to avoid
those ‘events’, the answer is travel insurance.
What is Travel Insurance?
A travel Insurance is an insurance product that covers unforeseen losses
sustained during an international or domestic travel. Most of the basic
policies cover emergency medical expenses while overseas but there are such
policies that cover, trip cancellations, lost luggage, flight delays, public
liability, and etc.
Is Covid-19 covered by the travel
insurance?
Take note that 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.
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.
STARR Insurance
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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