May 17th, 2021 Marks the end of Full COVID-19 Travel Restrictions and the Beginning of Growth for Travel Insurance Sales
As the UK government announced plans to begin to reopen international travel on 17th May with the removal of the international travel ban and the introduction of the traffic light system, we are already starting to see positive signs of growth for travel insurance sales. We expect this to continue rising as travel restrictions ease over the forthcoming weeks and months.
However, due to the Government guidance regarding proposed traffic light systems and other travel advice there could be quite a lot of confusion amongst customers.
The golden rule is that any Foreign, Commonwealth and Development Office (FCDO) advice, such as advice against ‘all travel’ or ‘all but essential travel’, will take precedence over the traffic light system.
Where customers are travelling against the advice of the FCDO, our High Risk Voyager policy will often be more suitable for a customer. The most recent FCDO travel advice can be viewed here: https://www.gov.uk/foreign-travel-advice.
The Traffic Light System:
The introduction of the Government traffic light system will have implications for inbound passengers and will apply differently depending on whether the destination country visited is categorised as ‘green’, ‘amber’ or ‘red’.
Green: arrivals will need to take a pre-departure test as well as a Polymerase Chain Reaction (PCR) test on or before day 2 of their arrival back into England – but will not need to quarantine on return (unless they receive a positive result) or take any additional tests, halving the cost of tests on their return from holiday.
Amber: arrivals will need to quarantine at home (i.e. ‘Self Isolate’) for a period of 10 days and take a pre-departure test, and a PCR test on day 2 and day 8 with the option for Test to Release on day 5 to end self-isolation early.
Red: arrivals will be subject to restrictions currently in place for ‘red list’ countries which include a 10-day stay in a managed quarantine hotel, pre-departure testing and PCR testing on day 2 and 8.
To find out more about the UK Government plans to reopen international travel you should visit the Government website.
Where a country’s traffic light status changes prior to departure, for example from Green to Amber, cover will still be provided under the policy, unless there is a FCDO travel advisory against ‘all travel’ or ‘all but essential travel’. However, in this instance it is the customer’s responsibility to adhere to the testing and quarantining requirements.
What Does This Mean for Travel Insurance Products from Voyager Insurance?
The increasing growth in people looking to travel once the international travel ban has been lifted on the 17th May presents brokers and intermediaries with several opportunities to capitalise on with travel insurance products at your disposal from Voyager Insurance. Voyager Plus Travel Insurance and High Risk Voyager Travel Insurance, now both offering elements of COVID-19 cover, are available for sale as customers plan trips to various destinations attributed with differing travel advice from the Foreign Commonwealth & Development Office (FCDO) depending on how they are categorised on the traffic light system.
Destinations on the green, amber or red List Without FCDO Travel Advisories – Voyager Plus Travel Insurance
Providing COVID-19 cover for Emergency Medical expenses, Voyager Plus Travel Insurance is the product available for sale to customers travelling to destinations categorised as green, amber or red on the traffic light system where there are no travel restrictions in place from the FCDO against ‘all travel’ or ‘all but essential’ travel and with 3 levels of cover to choose from, it is suitable for a range of budgets and requirements:
- COVID cover for Emergency Medical Expenses
- Choice of 3 Levels of Cover – Standard, Prime and Black
- Emergency Medical Expenses – Up to £10 million
- Cancellation – Up to £10,000
- Holiday Financial Protection – Up to £3,000
- Personal Possessions – Up to £3,500
- Personal Liability – Up to £3 million
- Wide Range of Sports and Activities Cover
Destination on the green, amber or red List With FCDO Travel Advisories – High Risk Voyager Travel Insurance:
With COVID-19 cover available under multiple areas, most notably, Emergency Medical Expenses, High Risk Voyager Travel Insurance is suitable for customers travelling to areas categorised as green, amber or red on the traffic light system that the FCDO has imposed travel restrictions against ‘all travel’ or ‘all but essential’ travel where most other travel insurance products on the market cannot provide cover.
- COVID cover for Emergency Medical Expenses
- Emergency Medical Expenses – Up to £1 million
- Cancellation, Trip Interruption and Disruption - Up to £1,500
- Emergency Medical Evacuation / Repatriation – Up to £1 million
- Personal Accident – Up to £15,000
- Baggage – Up to £1,500
The good news is working with Voyager Insurance you will already have access to Voyager Plus Travel Insurance and High Risk Voyager Travel Insurance and can sell both products to your customers’ instantly from your WEBroker Dashboard.
If you are not currently registered with Voyager Insurance you can apply to work with us and gain access to a range of exciting benefits, dedicated to servicing you and your customers. This includes, but is not limited to…
- Full broker support team to help with any policy queries you may have.
- Huge range of travel & travel-related products available
- Generous Commissions Available
- Fact Sheets & Marketing Support Available