Tuesday, November 13, 2007

Don't assume your insurer will pay out after attacks

Don't assume your insurer will pay out after attacks
For example, any given travel insurance policy might cover flight cancellations attributed to airline delays, aircraft maintenance or severe weather. But what if your flight cancellation came as a direct result of a terrorist attack? Would you still be covered? Most people believe they would be, but the fact is that the majority of existing travel insurance companies wouldn't cover policy-holders under such circumstances - regardless of any injury, property damage or loss of money encountered. So while you may have insurance, it's important to ask: are you really covered? Don't assume your insurer will pay out after attacks

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