Two Canadian Travel Insurance Companies:: Cancellation Changes.

[nordski]

The CBC is reporting that because of covid-19 two Canadian travel insurance companies, Manulife and Tugo. are changing their cancellation rules for new policies.

 

The story is a bit vague, but the gist is that now travellers who are cancelling because of the virus issues, or changing flights for that reason., will not be covered.

 

Because it is a "known issue" the changes seemingly apply even before a Canadian Government advisory is issued.

 

TuGo's changes took place as of yesterday) Wednesday).

 

ManuLife will institute the alterations tomorrow (Friday)

 

From the latter, CFAR insurance will still be available.

 

Obviously travel professionals will know more about this, although the ManuLife memo has not yet been officially issued.

 

One expert expects other companies to follow suit to lessen their exposure to claims.

 

 

[bccolaman]

20 minutes ago, nordski said:

The CBC is reporting that because of covid-19 two Canadian travel insurance companies, Manulife and Tugo. are changing their cancellation rules for new policies.

 

The story is a bit vague, but the gist is that now travellers who are cancelling because of the virus issues, or changing flights for that reason., will not be covered.

 

Because it is a "known issue" the changes seemingly apply even before a Canadian Government advisory is issued.

 

TuGo's changes took place as of yesterday) Wednesday).

 

ManuLife will institute the alterations tomorrow (Friday)

 

From the latter, CFAR insurance will still be available.

 

Obviously travel professionals will know more about this, although the ManuLife memo has not yet been officially issued.

 

One expert expects other companies to follow suit to lessen their exposure to claims.

 

 

For new policies, going forward.

[nordski]

10 minutes ago, bccolaman said:

For new policies, going forward.

In Manulife’s case, it appears there may be a window today for new policies before the official announcement tomorrow.

 

Although since that memo has reached the media, they may act immediately.

 

 

[Coquitlam Cruiser]

it is a matter of time before all travel insurers will invoke similar travel policy coverage restrictions.  RBC hasn't said anything yet but  again only a matter of hours or a few days and all Canadian insurers will follow Manulife.  Time to roll the dice.

 

[DRJVH]

We bought an annual policy last year, so hopefully covered. 🤞

[BBMacLaird]

Our new Cruise with Confidence cancellation policy is posted on our website:

https://www.azamara.com/int/cruise-with-confidence