Does your travel insurance cover terrorist attacks?
Summer is a popular time for overseas holidays, but in the wake of recent attacks, terrorism has become an increasing concern for many travelers. A typical travel insurance policy will cover you and your possessions, but do you know if your policy covers terrorist attacks?
Many travel insurance policies provide some form of terrorism coverage but the coverage and compensation can vary from plan to plan. While many insurance companies will cover personal accidents and medical expenses caused by terrorist attacks, they may not cover travel delays, damage of property, etc. Also, terrorist attacks involving nuclear and biochemical weapons are not covered by most policies. It is important to read the terms and conditions in detail before choosing your travel insurance policy.
Pay attention to the following three points:
- Does the policy cover terrorist attacks?
- If yes, what is the extent of the coverage and compensation?
- What are the excluded items?
Common exclusions include:
- Pre-existing medical conditions;
- Traveling to receive medical treatment, and non-essential medical treatment;
- Suicide, miscarriage, cosmetic surgery, drug abuse;
- Engaging in sport or game in a professional or income earning capacity, and certain extreme sports;
- War, riots, nuclear hazards.
Smart travel insurance tips:
- The most costly insurance policy may not provide the best coverage. Compare and shop around for a plan that best fits your needs.
- Pay attention to the terms and conditions, in particular the coverage, compensation and excluded items.
- Travel insurance provides financial protection against risks and mishaps such as overseas medical expenses, emergency evacuation, where the cost can be astronomical. It also provides coverage for travel inconveniences due to flight cancellations and delays, and loss of personal items. It can reduce the financial stress should such accidents occur during your trip.
- Your travel insurance coverage should take into consideration your itinerary. Therefore, make sure you get the appropriate coverage if you are planning a driving holiday or taking part in extreme activities.
- When traveling, bring along the original or photocopy of the policy and contact number.
- If an unpredictable incident happens, remember to keep all the relevant documents such as police reports, medical certificates and receipts, for processing of claims.
- Provide a copy of the policy to your family members so that they can help you contact the insurance company if needed.