ST. PETERSBURG, Fla.,
Aug. 14, 2018 /PRNewswire/ -- On
Tuesday, August 14th, a suspected
terrorist drove a car into pedestrians outside the House of
Parliament in London. At this
time, the event is being treated as terrorism, although it is still
under investigation. Travelers with upcoming trips to the popular
city may be rethinking their plans, but according to leading travel
insurance comparison site, Squaremouth, there are two things
concerned travelers should do right now.
1. Wait to Cancel Their Trip
As of Tuesday morning,
the car crash is suspected to be terrorism, however no official
declaration has been made. For this reason, Squaremouth urges
travelers who have a travel insurance policy for a trip to
London to wait to cancel their
trip, as cancellation coverage is likely not available yet.
Travel insurance policies with coverage for terrorism will
reimburse travelers who cancel their trip after a terrorist attack
occurs at their destination. In order for this benefit to be
available, an event must be declared an act of terrorism by the
U.S. government and must be tied to a terrorist organization, among
other requirements. As of Tuesday morning, neither of these
requirements have been met.
2. Don't Go Buy A Travel Insurance Policy
Now
London is not only a
popular tourist destination, it has also become a popular target
for terrorist groups and individuals. As a result, Squaremouth
reports a 24% increase in travel insurance policies purchased for
travel to the United Kingdom over
the past 12 months. The company attributes the rise in purchases to
recent attacks in the United
Kingdom.
But Squaremouth says now is not the time to buy a travel
insurance policy for the recent Parliament crash.
In order for any event to be covered by a travel insurance
policy, the policy must have been purchased before the event
occurred. In order for a policy to provide cancellation coverage
for the crash, the policy must have been bought on or before
August 13th.
Squaremouth's London Parliament Car Attack and Travel Insurance
Information Center explains travel insurance coverage for this
event, and will be updated as events unfold.
ABOUT SQUAREMOUTH
Squaremouth compares travel
insurance policies from every major travel insurance provider in
the United States. Using
Squaremouth's comparison engine and third-party customer reviews,
travelers can research and compare travel insurance policies
side-by-side. More information can be found at
www.squaremouth.com
Available Topic Expert:
Megan
Moncrief
mmoncrief@squaremouth.com
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SOURCE Squaremouth