It might be time to brush up on your Spanish now that border restrictions between the United States and Cuba have been loosened. For those that don’t know, recently there was a shift in policy by the President of the United States easing travel restrictions between the U.S. and Cuba, which may soon open a wealth of opportunity for the travel and tourism industry, especially since it’s only 90 miles south of Key West. Many U.S. based insurance companies will begin to pay for claims and reimbursements that they previously never used to. Does anyone know how to say insurance in Spanish?!
As you could assume, many Americans, and possibly yachts, will be looking to include Cuba as a destination to see the beaches and other sites, since that it has been off limits for the past 50+ years. With many expected to travel to Cuba, statistics show that accidents are bound to happen, so it is important to know if your insurance provides coverage. If so, any expenses should be covered under the standard term of the policy that you have. So you will have the same coverage in Cuba that you would anywhere. As long as you are visiting under “legal” methods, your policy should provide you with coverage, depending on the carrier.
It is important that you continue to check with your insurance agent whether or not your policy has changed yet. We know of three carriers that have said they will honor claims made from Cuba, and can only assume that others will soon follow. So if your carrier doesn’t cover now, it may very well in the near future. Insurance carriers will also be working over the next couple months to create a doctor network, which will be very helpful to yacht crew and tourists alike.
Keep in mind, many Americans more than likely have never been to Cuba, so it would be smart to be prepared for different scenarios. There could be health concerns such as the chikungunya virus that is prevalent throughout the Caribbean. Also, in the event that you do fall ill or require medical attention, be sure to keep vigilant to prevent any fraud. Don’t fall victim to being overcharged. For example, if you are paying $3000 for a checkup, your insurance is not going to reimburse you for that. This is just a consumer beware, not a need for concern, and definitely not an accusation against the Cuban medical environment.
Keep in mind that all of the changes that are forthcoming are new, and new information can present itself at any time. Be sure to check in regularly to stay aware of any updates.
If you have any questions about your yacht crew insurance plan regarding Cuba, or are interested in purchasing travel insurance or expat insurance, please contact us at +1 954 828 1819 or +44 (0) 1624 678668 or visit us online at mhginsurance.com. For more information on crew insurance, read our previous blog, "5 Things You Should Know About Crew Insurance." MHG has the insurance specialists to assist and advise you, your loved ones, group, or business, on all of your insurance needs.