CNBC, March 22 2016 – Travel stocks fall after Brussels attacks

Published by Megan Singh March 22, 2016

Travelers who bought insurance should check to see if the policy will kick in to cover nonrefundable costs of rescheduling or canceling the trip. Policies often have a specific terrorism clause.

Requirements vary, but typically, you’re covered to cancel your trip if the attack occurred in a city on your itinerary or within a certain distance (say, 50 miles) of your itinerary, said Megan Singh, director of marketing for insurance comparison site Squaremouth.ost policies also require the State Department to deem an event a terror attack, which hasn’t happened yet for the Brussels explosions, she said.

Most policies also require the State Department to deem an event a terror attack, which hasn’t happened yet for the Brussels explosions, she said.

“In every case, you need to buy the policy before the attack occurs,” Singh said. Travelers can still buy policies to cover the possibility of future attacks, however. “Most terrorist attacks are looked at as separate events,” she said.

Read the full article online here: http://www.cnbc.com/2016/03/22/travel-industry-reacts-to-brussels-attacks.html