Business View Caribbean | January 2021

14 BUSINESS VIEW CARIBBEAN JANUARY 2021 Dominican Republic Aruba Jamaica France Virgin Islands, U.S. South Africa Spain Costa Rica Greece Pandemic Travel Insurance Coverage As travelers consider future travel plans, more traditional travel insurance companies are now expanding or adapting coverage for travelers during the coronavirus pandemic. Here are some general examples: Reimbursement for covered medical treatment during a trip due to COVID-19 illness Get sick with COVID-19 and must cancel a trip Physician orders a quarantine before trip Lost a job during the coronavirus pandemic by no-fault of your own InsureMyTrip also recommends travelers strongly consider a Cancel For Any Reason (CFAR) upgrade. This upgrade offers the most trip cancellation flexibility and is the only option available to cover fear of travel or government/ country border lockdowns. Full terms of coverage will be listed in state-specific policy. If eligibility requirements are met, reimbursement is up to 50-70 percent of pre-paid non- refundable trip cost. The unbiased travel insurance comparison site also released a groundbreaking “COVID-19 recommendation tool” to guide travelers towards plans that may be best suited to cover COVID- 19-related travel concerns . Travelers are more informed than ever about the value of emergency medical coverage and other key benefits designed to better protect families during the pandemic