Traveling or have any vacation plans that you need to cancel?
If you have travel insurance you probably aren't covered.
After the SARS virus resulted in a lot of cancelations a few years back most insurance policies were rewritten to exclude coverage due to pandemics. For example you travel insurance will kick in if you can't travel due to mono, but not because of coronavirus. This protects the insurers from masses losses due to widespread cancelations.
It's similar to how most all insurance polices added an exclusion for "act of terrorism" after 9/11. One of my co-workers friends had their car damaged by shrapnel from the Boston Marathon Bombing. When they called Liberty Mutual to make a claim they were swiftly denied citing "act of terrorism". Even the free auto glass replacement as required by MA state law had an exclusion for "act of terrorisms".
My mother is currently dealing with travel cancelations. She had to travel for work to work a trade show in Chicago this week. Up until this weekend her company was saying despite coronavirus you still have to travel. Then their holding company issues a travel ban over this weekend the day before she was due to travel.
Since she has to pay for travel out-of-pocket and file for reimbursement she tried to cancel the tickets with American Airlines yesterday. American Airlines said that all ticket sales are final, no refunds. They would not budge an inch on refunds, but did say the flight could be credited towards a new flight within 1 year for a $200 fee. They are not even waiving their fees!
Because it was for work she did not have travel insurance as work won't reimburse it.
No she has to see if they will reimburse her travel expenses after not traveling. Hopefully they do.
If you have travel insurance you probably aren't covered.
After the SARS virus resulted in a lot of cancelations a few years back most insurance policies were rewritten to exclude coverage due to pandemics. For example you travel insurance will kick in if you can't travel due to mono, but not because of coronavirus. This protects the insurers from masses losses due to widespread cancelations.
It's similar to how most all insurance polices added an exclusion for "act of terrorism" after 9/11. One of my co-workers friends had their car damaged by shrapnel from the Boston Marathon Bombing. When they called Liberty Mutual to make a claim they were swiftly denied citing "act of terrorism". Even the free auto glass replacement as required by MA state law had an exclusion for "act of terrorisms".
My mother is currently dealing with travel cancelations. She had to travel for work to work a trade show in Chicago this week. Up until this weekend her company was saying despite coronavirus you still have to travel. Then their holding company issues a travel ban over this weekend the day before she was due to travel.
Since she has to pay for travel out-of-pocket and file for reimbursement she tried to cancel the tickets with American Airlines yesterday. American Airlines said that all ticket sales are final, no refunds. They would not budge an inch on refunds, but did say the flight could be credited towards a new flight within 1 year for a $200 fee. They are not even waiving their fees!
Because it was for work she did not have travel insurance as work won't reimburse it.
No she has to see if they will reimburse her travel expenses after not traveling. Hopefully they do.