ST. PETERSBURG, Fla.,
May 29, 2015 /PRNewswire/
-- Record-breaking floods in Texas have left people stranded and homes
ruined, just as summer's travel season begins. While travel
insurance can't protect these homes, it can offer some benefits to
travelers both at home and away. Squaremouth, America's fastest
growing travel insurance comparison site, explains how.
Trip Cancellation and Trip Interruption are two of the most
popular benefits within a travel insurance policy. A standard
provision of these benefits is coverage in the event a traveler's
primary residence becomes uninhabitable by a flood or other natural
disaster. Some policies even extend coverage to travelers whose
business operations are impacted by a flood.
In order to be eligible for these benefits, travelers must have
purchased their policy before the storm or natural disaster occurs,
and must have insured some or all of their trip cost. Unfortunately
for travelers who haven't purchased a policy yet, it is too late to
do so for any coverage related to the floods in Texas.
Coverage if You're Already Gone
For those with
a policy who are already traveling, and whose home is destroyed by
the flood, the Trip Interruption benefit may provide coverage for
the cost for their return home, as well as their unused trip
expenses.
Coverage if You're Still at Home
Policyholders with
upcoming trips, and whose homes have been destroyed, may have
coverage under the Trip Cancellation benefit, to cancel their trip
and be refunded 100% of their prepaid and nonrefundable trip
costs.
Some policies require the flood or natural disaster to occur
within a specific amount of days from the traveler's departure,
typically between 10 and 30, while other more lenient policies do
not specify a time limit for the event to occur.
"People often associate travel insurance policies with
protection for events that occur while they are away, but in some
cases, what impacts your trip happens at home," said Megan Singh, Squaremouth's Director of
Marketing. "Travel insurance policies can offer coverage in either
event."
ABOUT SQUAREMOUTH:
Squaremouth is an online company
that compares travel insurance products from virtually every major
travel insurance provider in the United
States. Using Squaremouth's comparison engine and third
party customer reviews, travelers can research and compare
insurance products side-by-side. More information can be found at
www.squaremouth.com.
AVAILABLE TOPIC EXPERT:
Megan
Singh
msingh@squaremouth.com
(727) 378-0983
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SOURCE Squaremouth