Do insurance policies need coronavirus risk amendments to encourage travel?

Do insurance policies need coronavirus risk amendments to encourage travel?

No change has yet been introduced regarding insurance policies for travelers against the backdrop of the coronavirus outbreak, as tourist rates fall to unprecedented numbers “” which threatens to prevent the issuing of documents that would take into account treatment costs for coronavirus cases.

No international insurance institution has hitherto decided on this matter, despite the world's preparation to coexist with the virus.

Some countries, such as Cyprus and the UAE, have announced their readiness to treat any visitor who catches the virus on their land, but this step is not enough to encourage global travel under acceptable health safety guarantees.

Within the European Union the insurance policy that travelers are obliged to obtain in return for a reasonable premium against the risks stipulated in their contract is a maximum of 30,000 euros.

In Egypt this does not exceed US$20,000 and is not binding at certain travel destinations.

With the emergence of the coronavirus pandemic there is now more of an urgent need to cope with increased risks around the world, as confirmed by Hany Ibrahim, a senior official with an insurance company, who said that no changes have been made thus far regarding tourist policies.

The current insurance policy does not allocate a specific service