How Does COVID-19 Affect Trip Insurance and Cancellation Refunds in Canada?
As the situation regarding COVID-19 continues to develop, international business and leisure travel have become an anomaly." Many Canadians will be staying home for the foreseeable future. For savvy travelers who booked their vacations months in advance, it is likely that their plans have been cancelled, or will be cancelled over the coming weeks and months. This is due to actions taken by the federal government and service providers alike. For those concerned about receiving refunds for their cancelled, or soon to be cancelled, travel plans, the key is to look at the provisions of each contract made with a service provider - including but not limited to; travel insurance providers, airlines, cruise providers, and hotels. In instances where travelers purchase travel insurance, there is no one-size-fits-all answer regarding the possibility of a refund. Insurance policies can greatly differ, and an analysis of coverage is typically fact-dependent. Depending on the following facts, coverage for cancelling or rescheduling a trip may be available;
- when the trip was booked,"
- the originally-scheduled departure date,"
- the level of coverage purchased,"
- the insurance provider itself
Subscribe to our Newsletter