Originally Posted by
Boe787
BNEA320,
Any cheap fare offered for overseas travel,will gain little traction, until there is a treatment or a vaccine.
This is because, most if not all travel insurance companies will not provide cover for this pandemic.
Therefore if you did take the cheap fare, went to say the USA, got the virus, probably wouldn’t kill you....but the US medical bill would possibly send you to the cleaners financially!
But most of the civilised world doesn't have a for profit sickness industry like the US does.
Don't forget if people don't travel then no one buys travel insurance and that harms the insurers. It's in their interest to get people travelling again. What I forsee is a risk based approach to applying premiums with more emphasis based on destination, age, underlying conditions etc. Maybe Aus/NZ/Pacific Islands will be classed as the most insurable once the infections are down to near zero levels, then Asia or Europe, and then the nations that make mega bucks off sickness like America will have the most scrutiny applied to them. For instance you may only be insured for US travel if you are under a certain age or have no pre-existing conditions with a mandatory medical checkup required prior to travel.