Manulife and TuGo have both decided that coronavirus is now a “known” issue and cancellation coverage no longer applies.
“Manulife has determined that COVID-19 is now considered a known event and the applicable exclusion will be applied for individual travel insurance policies issued on or after this date,” Manulife said in a statement to CTVNews.ca. “If TCII was purchased after the government of Canada issued a high level advisory, you cannot use it as a reason to cancel or interrupt your trip,” Manulife said.
“It’s important to note that if a traveller did buy trip cancellation and trip interruption insurance before March 4, 2020, their policy wouldn’t be affected by this amendment; coverage would still apply, as per the policy’s terms and conditions at the time of purchase.”
Because cancelling trip because of Corona doesn't make any sense. You are more likely of dying from the flu. 4100 people will die from the flu in Canada this year. Corona, maybe 6 by the time a total comes around.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Holiday Holiday Latest News, Holiday Holiday Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Major Canadian travel insurers stop covering coronavirus trip cancellationsTwo Canadian travel insurers are no longer covering customers who want to cancel their trip due to COVID-19, and the rest of the industry is likely to follow suit. Insurance companies will shy away from anything that will cost them money. The Insurance Industry: Hundreds of people selling insurance, thousands of people trying to find a way not to pay. Insurance company only provides coverage on things they never have to pay out or things that they can easily deny paying out. Useless This should be against the law, what's the point of trip cancellation insurance if you can't use it.
Source: CTVNews - 🏆 1. / 99 Read more »
Major Canadian travel insurers stop covering coronavirus trip cancellationsTwo Canadian travel insurers are no longer covering customers who want to cancel their trip due to COVID-19, and the rest of the industry is likely to follow suit. Insurance companies will shy away from anything that will cost them money. The Insurance Industry: Hundreds of people selling insurance, thousands of people trying to find a way not to pay. Insurance company only provides coverage on things they never have to pay out or things that they can easily deny paying out. Useless This should be against the law, what's the point of trip cancellation insurance if you can't use it.
Source: CTVNews - 🏆 1. / 99 Read more »
Canadian companies ramp up coronavirus precautions with travel restrictions, work-at-home optionsEnsuring seamless business continuity with flexible solutions Can someone bring one of these guys to 600 university, MOUNT SINAI HOSPITAL ?
Source: nationalpost - 🏆 10. / 80 Read more »
Global Affairs upgrades advisory, warns against all travel to Iran due to coronavirus concernsThe warning says that travel restrictions imposed to control the spread of COVID-19 are making it increasingly difficult to leave Iran Should they not ban all travel? Iran seems to not have a handle on this. Wonder how Iran contracted this virus? Does Iran have a lot of dealings with China?
Source: globeandmail - 🏆 5. / 92 Read more »
Canada urges people to avoid all travel to Iran amid coronavirus outbreakThe Canadian government is urging people to avoid all travel to Iran out of concern about the increase in COVID-19 cases in that country. But wait a minute, the prime minister is saying all the iranians can come visit Canada. When you have a clown 🤡 in charge expect a circus 🎪 456 Its so much better to have the virus come here.
Source: CTVNews - 🏆 1. / 99 Read more »