Allianz adds ‘epidemic’ coverage to travel insurance

Allianz Partner announced Monday that it is adding “epidemic” coverage to its travel insurance product.

The news is that travelers who have chosen to cover travel with Allianz become ill with COVID-19 or another future epidemic, have been ordered to quarantine individually, or are suspected of being ill. means you are covered if you are denied boarding because of It also means that if travelers are forced to stay in the hotel during quarantine, they will be covered by Allianz insurance.

The insurance giant has made temporary changes to its policies to cover these types of charges, but this week’s move formalizes those changes.

Richard Aquino, Vice President and Head of Sales, Allianz Partners USA, said:

“We are pleased to announce that we have added trendy enhancements to many of our products that offer coverage and benefits that are invaluable to today’s traveler.”

Aside from reports of delays and cancellations, the big news is the disruption to travel. It covers the cost of accommodation, meals and transportation if the traveler and his companions are forced into isolation, whether sick or not (although the coverage has his daily cap). , there is her 5 day limit for those who don’t). test positive).

According to Allianz, people who are sick or test positive for COVID-19 are not eligible for the five-day maximum limit of travel interruption benefits for additional lodging and transportation costs.

All consumers and travel advisors should check with Allianz representatives and state regulations before purchasing travel insurance. In his latest MasterAdvisor series for TMR, he discussed some of the differences in travel insurance coverage between states in the US and how advisers can best inform their clients.

You can view the session here.