I received a reply from BMO's travel insurance carrier, Allianz Global. Here is their reply on coverage for COVID-19:
Dear _________,
Thank-you for contacting Allianz Global Assistance.
We have reviewed your e-mail and at this current time there is no exclusions with regards to pandemics within the BMO Air Miles World Elite MasterCard.
However, there are exclusions and stipulations with regards to travel advisories that should be considered when planning future travel.
Medical Exclusions:
The insurance does not cover, provide services or pay claims resulting from:
- Your travel to a country for which the Canadian government has issued a Travel Advisory in writing prior to Your Departure Date.
For trip cancellation benefits to apply with respects to COVID 19:
- A Travel Advisory needs to be issued by the Canadian Government for tour ticketed destination after you book Your Trip. Therefore if you were to purchase a trip now but later decide to cancel due to COVID19 it would not be eligible for you to claim for the expenses. This is due to the fact that as posted on https://travel.gc.ca/, there is a worldwide travel advisory.
The current posted advisory is as follows:
- "Official travel advisories are in effect: Avoid non-essential travel outside Canada and avoid all travel on cruise ships until further notice."
Should you have any further questions or concerns do not hesitate to contact our offices directly. We are available 24 hours 7 days a week at 1-877-704-0341 within North America or by collect call to 519-741-0782.
Note: Please be advised that any benefits addressed in this email are pending verification of coverage and the full terms and conditions of your insurance policy.
Looks like I would be fully insured for our December trip since we did book our trip on January 3, 2020, way before this all started. Good to know that the only stipulation is the Travel Advisory. Once that is lifted, regardless of COVID-19, looks like cardholders would have full coverage. Although I think the advisory will be in place until a vaccine is produced.