[SilasX]

As above, I can believe that they would drop coverage if a warning were issued after the Elbonia warning, or if the coverage is void if e.g. you engage in political activism.

I don't know any insurance commission that would be okay with the fine print saying "the coverage on the specific trip to the country you asked for was void from the moment it was issued because warning and therefore you were paying for nothing".

Can you cite a case where a travel insurer issued a policy that covered nothing from the moment it was written for a specific trip to a specific warned country?