Canadian insurer Manulife Financial Group will restore some coverage for coronavirus-related trip interruptions in a new travel insurance policy that also includes COVID-19 in its emergency medical coverage.
Reuters has reported that the insurer will launch the policy in October 2020 for Canadians travelling on domestic and international routes, including to countries subject to a level 3 travel advisory. Canada has a level 3 advisory, which urges avoidance of non-essential travel, for all countries.
Manulife, as well as some other insurers, had in March 2020 stopped covering trip cancellations or interruptions related to the pandemic as the disease was deemed a ‘known event’.
Smaller insurers like Medipac Travel Insurance and the Ontario and Quebec plans of the Canadian Association of Blue Cross, began offering medical travel insurance including COVID-19 coverage in July 2020. However, neither offers pandemic-related trip interruption coverage.
Manulife’s policy has a C$5m ($3.8m) non-COVID-19 emergency medical coverage limit, and a COVID-19 limit of C$200,000.
It will also cover daily quarantine-related expenses of C$150 per person or C$300 per family for up to 14 days, Manulife said.
If a level 3 advisory is upgraded to level 4, Manulife said it will pay a combined C$500 per person for return airfare, meals and accommodation.