Since the coronavirus pandemic began, one-third of travelers searching for travel insurance want protection for COVID-19, according to travel insurance comparison site Squaremouth.
Providers offering COVID-19 coverage are in high demand, according to Squaremouth. The site said it had seen a shift in top travel insurance providers to favor those that offer COVID-19 coverage.
The top five travel insurance providers on Squaremouth, ranked by percent of sales, are:
- Seven Corners
- Trawick International
- Tin Leg
- Berkshire Hathaway Travel Protection
- Travelex Insurance Services
All five providers offer policies that include trip cancelation, emergency medical and medical evacuation coverage if a traveler or their family contracts COVID-19 before or during their trip.
The top three providers – Seven Corners, Trawick International and Tin Leg – also offer a “cancel for any reason” upgrade, which allows travelers to cancel their trip for any reason two days prior to departure. Travelers who cancel are eligible to receive a 75% reimbursement of their trip cost. That coverage is also increasingly popular among travelers, with 22% of all policies purchased from Squaremouth including “cancel for any reason” coverage – a 524% spike from last year.
The top five providers account for more than 70% of Squaremouth’s sales since COVID-19 was declared a pandemic in March, the company said.