Are you scheduled to visit a country which has recently experienced a terrorist attack? If yes, then you should acquaint yourself with travel insurance for terrorism. In fact, every other traveler, irrespective of which country he or she is traveling to must acquaint himself/herself with this particular coverage. Here are a few facts learning which might turn out to be useful for you.
Image via Flickr
All about travel insurance for terrorism
Now, it is very important to know that most of the insurance carriers would actually wait for the U.S. State Department to publicly declare that a particular attack is a politically motivated terrorist attack. And, once it is done- the travel insurance schemes can cover travelers after purchasing insurance but before they travel. You can also avail it to cover risks during your trip.
Here is a look at the ways in which these plans work
You buy the cover before your trip. You are on your way to a different country and you can ask the insurers if they are covering the particular city/cities you are visiting or not. A bomb explodes in the city you’re scheduled to visit. The state department declares it as a terrorist attack and you might want to cancel your trip to the city. In this scenario you can either secure a full refund of the prepaid trip cost or get a credit enabling you to rebook for a future trip- as per the terms and conditions of the plan bought by you.
Now, there is no point of getting all angsty with the credit option instead of cash. You need to read the fine print thoroughly before you’re actually securing an insurance cover. You can only expect full coverage on trip cancellation only if your insurance cover mentions so. Every insurance plan (of the one we are talking about here) should contain a portion which clearly documents the reasons that are covered if you need to cancel or delay your trip. The trip cancellation portion, in short, should be read very thoroughly.
Now, a plan covering risks of an attack during your trip works a bit differently. You might as well escape a terrorist attack in a foreign land unharmed. If you want to come back home as soon as you can, the travel insurance plan will compensate additional expenses designed for transportation on your way back. The expenses, needlessly to say, are not covered by the prepaid trip costs.
Please note that you are not likely to be covered if the city you are to visit is under threats of attack but has not been attacked yet. If the insurance plan does not mention the city you’re visiting, then you will not be compensated even if it is attacked.