Major Canadian travel insurers stop covering coronavirus trip cancellations

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Two Canadian travel insurers are no longer covering customers who want to cancel their trip due to COVID-19, and the rest of the industry is likely to follow suit.

Manulife and TuGo have both decided that coronavirus is now a “known” issue and cancellation coverage no longer applies.

“Manulife has determined that COVID-19 is now considered a known event and the applicable exclusion will be applied for individual travel insurance policies issued on or after this date,” Manulife said in a statement to CTVNews.ca. “If TCII was purchased after the government of Canada issued a high level advisory, you cannot use it as a reason to cancel or interrupt your trip,” Manulife said.

“It’s important to note that if a traveller did buy trip cancellation and trip interruption insurance before March 4, 2020, their policy wouldn’t be affected by this amendment; coverage would still apply, as per the policy’s terms and conditions at the time of purchase.”

 

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Because cancelling trip because of Corona doesn't make any sense. You are more likely of dying from the flu. 4100 people will die from the flu in Canada this year. Corona, maybe 6 by the time a total comes around.

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Major Canadian travel insurers stop covering coronavirus trip cancellationsTwo Canadian travel insurers are no longer covering customers who want to cancel their trip due to COVID-19, and the rest of the industry is likely to follow suit. Insurance companies will shy away from anything that will cost them money. The Insurance Industry: Hundreds of people selling insurance, thousands of people trying to find a way not to pay. Insurance company only provides coverage on things they never have to pay out or things that they can easily deny paying out. Useless This should be against the law, what's the point of trip cancellation insurance if you can't use it.
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