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Travel Tip: Travel Insurance and Terrorism

Travel Tip: Travel Insurance and Terrorism

The recent terrorist alert in Europe has left many travelers both frightened …
and confused.Can travel insurance save the day in this situation?

Here’s what you really need to know: The most common type of travel insurance
sold is for trip cancellation and trip interruption coverage.

In most cases, terrorism is a covered benefit. But watch out: In many cases,
that coverage is limited to an actual terrorist event, not the threat of one.
You can’t cancel out of fear and expect a refund.

In other clauses, the event has to take place within a certain time period,
usually within 30 days of arrival.

And guess what? Once the State Department issues a warning, that’s often enough
to exclude it from many policies.

Then there’s the always tricky definition of terms. What constitutes a terrorist
threat?

With Travelex, a “terrorist incident” must be deemed as such by the U.S.
government and involve property damage or a loss of life. â?¨

With TravelGuard, it’s an act of violence OTHER than civil disorder or riot.

You can compare policies using online resources likeQuoteWright.comorSquareMouth.com.

But don’t just rely on the Internet. Pick up the phone and talk to a human being
so make sure you truly understand all the fine print.

You’ll find more help in ourTravel Insurance section.

And get more of ourDaily Travel Tips here.