The New Normal COVID-19 has changed a lot about how we do life. Even now, when the virus is reasonably quiet and most folks are out and about, many things we did (or didn’t do) prior to the 2020 outbreak have shifted. Travel, for instance.
For two years, face masks were the new normal. Now, many airports and airlines are lifting those restrictions so we can breathe a little easier getting from place to place. Good news. And travel restrictions to many countries are easing or disappearing altogether. Also good news.
What hasn’t changed is the new normal of flight delays and cancellations. In early April, over 3,500 flights were cancelled and thousands more delayed, thanks in part to operational issues, staff shortages, weather, and increased demand. Stranded, angry, and disappointed: the inevitable outcome for tens of thousands of travelers whose much needed excursions evaporated. Not to mention their piggy banks.
As a result, another new normal is purchasing travel insurance to protect your travel investment. According to Damian Tysdal, founder of CoverTrip, “Whether you’re vacationing in the Caribbean or backpacking across the Himalayas, the right travel insurance coverage is crucial to protecting your investment and peace of mind.”
Sorting through all the options is confusing and time consuming. Thankfully, Tysdal has parsed the process to help travelers find the insurance that best suits their needs. Consider the following:
Standard Travel Insurance — “Travel insurance covers lost money from canceled trips, emergency medical expenses, evacuation costs, baggage & delays, and 24/7 assistance.” Before you purchase, make sure you read the fine print.
Cancel for Any Reason (CFAR) Travel Insurance — “Cancel For Any Reason (CFAR) is travel insurance coverage that reimburses up to 75% of your total trip costs if you have to cancel your trip for any reason not listed in the standard coverage.”
When Travel Insurance Is NOT Necessary — If you’re not sure you really want to pay extra to cover your trip, you might be right. Some trips need insurance, and some don’t.
Because “life happens” (e.g., COVID-19, the arrival of your first grandchild, a twisted ankle while walking the dogs), we encourage our clients to purchase CFAR insurance. Some do, for peace of mind. Some don’t, willing to take the risk. Either way, it’s worth exploring this new normal so you can make an informed decision before you embark on making memories abroad.