Now, until further notice, it is time to purchase trip insurance if you’ve never done it before. Buy the more expensive, but much more comprehensive CFAR (cancel for any reason) coverage. Beware, however, that CFAR might not even cover cancellation due to the Corona if you buy the insurance after a specific date. Please call and talk with an agent before you sign on. I don’t endorse any trip insurance, but do recommend Allianz or TravelGuard. You can select more options from www.insuremytrip.com.
At present, most airlines are offering to reschedule trips for up to 12 months or issuing credits to paid customers if a traveler wants to cancel or if flights to a region have been suspended.