Travelers with trip insurance who cancel trips to Ebola-affected areas might not see a payout. Most travel insurance policies pay only if trips are canceled for specific reasons such as death of a traveling companion, weather or an employment layoff, says Megan Moncrief, spokeswoman for Squaremouth, an online company that evaluates travel insurance products. A “cancel for any reason” clause can increase the cost of a travel insurance policy by 40%, she says.
“Fear is not covered by travel insurance,” she says.
Read the full article online at: http://www.usatoday.com/story/money/business/2014/10/08/ebola-business-insurance/16923001/