ST PETERSBURG, FL November 24, 2015 — The U.S. State Department has issued a worldwide travel alert citing increased terrorist threats, while an “imminent threat” of terrorism has Brussels on a city-wide lockdown. The growing risk of another terrorist attack has led to an influx in questions from travelers with upcoming international trips. Squaremouth, a leading travel insurance comparison website, explains how the threat of terrorism differs from a terrorist attack in terms of travel insurance coverage.
Travelers Can Still Receive Coverage For “Imminent” Terrorism
Despite the worldwide travel alert, there has yet to be a major terrorist attack in Brussels, or in any other destination. This means travelers can still purchase a cancellation policy with terrorism coverage for future trips.
Policies can include terrorism coverage as long as they are purchased before an attack. Any policies purchased after a terrorist attack occurs will not cover any losses related to that event.
Travelers Can’t Cancel Due to Increased Risk of Terrorism
Threats of terrorism, even “imminent” ones, are not the same as a terrorist attack in the eyes of travel insurance companies. Terrorism coverage is not triggered until an attack takes place and is deemed a terrorist attack by the U.S. State Department.
While travelers may want to cancel an upcoming trip because of the heightened threat, there is no coverage to do so under standard travel insurance policies until an official attack occurs. Only travelers with the Cancel For Any Reason benefit would be eligible to cancel an upcoming trip due to their fear of a potential terrorist attack.
“The majority of the questions we are receiving are from customers looking to protect their investment in future trips should a new attack impact their plans,” said Squaremouth Customer Service Director Jessica Harvey. “While terrorism coverage is still available for those concerns, this also means travelers uncomfortable with the current state of travel are not covered to cancel unless an attack occurs.”