ST. PETERSBURG, FL October 30, 2012 – As Hurricane Sandy approaches the Atlantic coast, millions of people are evacuating their homes to avoid the potential path of destruction. Major modes of transportation, including subway and bus services, and thousands of scheduled flights have been cancelled. Travelers who reside in the storm’s path may need to assess damages to their homes, prompting trip cancellations and interruptions. According to travel insurance comparison site, Squaremouth, travelers may not realize that this benefit can also cover them if their residence is rendered uninhabitable.
In order for coverage to be in effect, travelers must have purchased policies before Tuesday, October 23rd, when Sandy was named. The travel losses associated with unanticipated storms can be great; when traveling during hurricane season, a travel insurance policy with hurricane and weather benefits may help protect travelers against unrecoverable expenses that result from cancellations and interruptions.
However, “once a tropical storm is named, insurance providers will not cover any new policies for losses related to that storm,” says Chris Harvey, CEO of Squaremouth. “Coastal residents who are currently traveling should check their policies for coverage under the trip interruption benefit.”
Squaremouth also warns travelers not to be fooled by insurance terms. Some policies don’t mention hurricanes specifically, but instead provide coverage if “natural disasters” render a residence uninhabitable. Most policies include floods, hurricanes, fires, volcanoes, tornadoes and earthquakes in the definition of natural disasters. A residence may be considered “uninhabitable” due to loss of water, power outages, or structural damage.
“Storms of this magnitude are known to cause insurmountable devastation,” says Harvey. “If a traveler is away during a storm, it may be pertinent to return home to make assessments.” Storm damages, particularly those from flooding, can cause rapid deterioration when left unattended. The interruption benefit in a travel insurance policy may reimburse travelers for unused portions of a trip and the costs associated with returning home early.
Forecasters anticipate the storm will blow ashore as early as Monday, but residents and travelers alike are already bracing for the impact of damage from flooding and severe wind conditions. Sandy is expected to barrel through the most populated corridor of the Northeast, leaving a massive wake of damage to homes and businesses. Those with travel insurance may find solace in benefits that allow them to return home early to begin cleanup efforts.
Squaremouth is America’s fastest growing travel insurance comparison site, helping customers instantly quote, compare and buy policies from every major provider. Squaremouth has an extensive network of partner sites worldwide. The company is headquartered in St. Petersburg, FL, with offices in Fort Wayne, IN. For more information, visit www.squaremouth.com.
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