There are many options when it comes to Travel Insurance and the experts at Bluewater are available to help! Here you will find some of the most frequently asked questions about Travel Insurance and why we strongly recommend it.
Checklist- What do I need to get a proper quote?
Trip Dates- Departure and return dates
Trip Cost- The total pre-paid, non-refundable trip amount
Initial Trip Deposit Date- Date if first payment towards trip
Destination- If multiple countries, list the first itinerary country
Traveler ages- At time of quote
Traveler Country and State of residency- At time of quote
Traveler Country and State of departure- If different from above at time of quote
COVID-19- Am I covered?
On March 11, 2020, the World Health Organization (WHO) declared Coronavirus (COVID-19) a pandemic. Therefore, any losses for trip cancellation, trip interruption and/or trip delay caused by or resulting from quarantine due to COVID-19 is not considered “Unforeseen” and will not be covered under the terms and conditions of most insurance policies.
If you purchase Cancel for Any Reason (CFAR) coverage, you could be covered for a percentage of the loss, depending on the level of CFAR coverage purchased, and provided the trip is canceled more than 48 hours prior to the scheduled departure date.
If you contract COVID-19 prior to your departure, you could be covered for Trip Cancellation if there is a confirmed diagnosis, including proof of illness from your doctor that states you are medically unable to travel at the time of departure. If you become ill with COVID-19 while on a covered trip, you could be covered for Medical Expense and Trip Interruption/Curtailment benefits if there is a confirmed diagnosis, including proof of illness from a doctor.
A pandemic is not a typical ’unforeseen event’ and would not be covered under regular Trip Cancellation insurance. When a policy is created, there are only certain named perils (reasons) listed for each coverage type.
All coverages are subject to the terms and conditions of your specific insurance policy. This is why we suggest speaking to a Bluewater Expert about your options.
Cost- What can I expect?
We have created a couple of scenarios to give you an idea of what to expect:
Male, 50, New York, USA resident
$40,000 - Total pre-paid, non-refundable approximate trip amount
$1,700-$5,000 - Cost for baseline to high coverage
$2,450-$7,300 - Cost for baseline to high coverage, including additional *CFAR coverage with a return 50%-75% on the total pre-paid, non-refundable trip amount
Male, 48, Florida, USA resident
$90,000 - Total pre-paid, non-refundable approximate trip amount
$3,200-$5,500 - Cost for baseline to high coverage
$6,650-$13,000 - Cost for baseline to high coverage, including additional *CFAR coverage with a return 50%-75% on the total pre-paid, non-refundable trip amount
Please note: These prices are subject to change depending on the country and state of residency as well as the destination and age of the travelers.
*Cancel for Any Reason (CFAR) coverage, you could be covered for a percentage of the loss, depending on the level of CFAR coverage purchased, and provided the trip is canceled more than 48 hours prior to the scheduled departure date.
Coverage- Why should I get Travel Insurance?
One of the best reasons to buy travel insurance is to have peace of mind. Additionally, the coverages themselves are easy to utilize, and the protection of trip cancellation or CFAR pays you back in case of delay or emergency need for cancellation. These can reimburse you for prepaid, nonrefundable trip costs when you must cancel for a covered reason. When you get your money back, you can book your vacation for another, brighter day.
If you’re wondering “Should I buy travel insurance?” here are a few top reasons.
1. If you need to cancel your trip.
2. Sickness or injury before or during a trip.
3. Adverse weather and natural disasters.
4. Travel delays or interruptions.
5. Lost, stolen or delayed baggage.
You can plan the perfect trip but life happens to the best of us, when it does you can rest assured that you purchased Travel Insurance to protect yourself, your loved ones, and your investment.
More of the most FAQ
-Can I put non-family members on my plan?
If your non-family member traveling companion has the same address, yes you can include them. Otherwise, you will need to purchase a separate plan to ensure coverage.
-What is the initial deposit date?
The initial deposit date is the day on which you made your first payment toward the trip. The best time to purchase is within 15 days of your initial deposit date, early purchase benefits may apply.
-What is the final payment date?
The final payment date is the day on which you finished (or expect to finish) paying for your trip. The final payment date must occur before the departure date. The initial deposit date and final payment date can be the same day, as long as that day occurs before the departure date.
-When is the deadline to buy travel insurance for a trip?
Insurance can typically be purchased up to 24 hours prior to your trip departure date.
-How do I break down trip costs per person in my itinerary?
Claim payments under the Trip Cancellation & Trip Interruption benefits are based on the amount of Trip Cost insured per person.
-I have more questions, how do I get answers?
Simple! Contact a Bluewater Charter Specialist and they will assist you in obtaining a personalized quote to fit your needs.
I would like to buy travel insurance- how do I begin?
Contact a Bluewater Charter Specialist today!
-Phone: +1 954 653 0569