ABTA, a UK-based travel trade association for tour operators and travel agents, is set to launch a travel insurance named ‘ABTA Travel Sure’ which is underwritten by AXA. The policy is expected to appeal to people who require cover for COVID-19 medical expenses.
According to ABTA head of travel insurance Ian Hall, insurance has an important role to play in giving people the confidence to book a holiday now given that travel is restarting.
It is initially anticipated that the association’s new policy will attract customers with existing bookings or rescheduled holiday bookings to countries that are exempt from the UK Foreign and Commonwealth Office (FCO)’s current advice against all but essential travel and require cover for COVID-19 medical expenses whilst on holiday.
ABTA Travel Sure covers from GBP5m ($6.7m) and up to GBP10m medical expenses per person depending on the level of cover. There are three different levels of cover offered across both single trip and annual multi-trip options with no upper age limit for the single trip cover.
As long as the policyholders are travelling to an area which is exempt from the FCO’s advice against all but essential travel, they will be covered for emergency medical claims related to coronavirus while travelling.
The policy also offers a number of standard benefits which other insurance providers do not include or will charge an optional extra premium for – including missed connections, airline and supplier failures and gadget cover.
It will be available for consumers to purchase directly from 15 July 2020.