travel insurance masterTravel insurance coverage is important to protect you from financial losses due to unforeseen events. Unfortunately some of today's current events including developments in Israel affect what may or may not be covered. Keep reading to understand your benefits.
Our thoughts are with those who have been impacted by this incident.
Many of our trusted travel insurance providers are closely monitoring the developments in Israel. If you're traveling to Israel, it's important to carefully read your policy and contact your provider if you have questions related to your policy's benefits and coverages. Your travel insurance company may consider this a terrorist incident and your benefits will be adjudicated on this basis and in accordance with the terms on your plan.
Many plans provide Trip Cancellation coverage with a benefit if you cancel your trip due to a terrorist incident. However, the terrorist incident generally must occur within a set number of days specified in the policy (for example: 30 days) of your scheduled departure date for your benefits to be payable.
It's also important to note that some providers and plans require the terrorist incident to occur in a city either listed on your itinerary of your trip or within a certain distance of a city in which you are scheduled to arrive in order for your benefits to be payable. On the other hand some providers and plans may not cover Trip Cancellation if your supplier offers a substitute itinerary. See your specific plan for details.
You may also find that your plan or provider offers coverage if you cancel your trip due to a travel alert or advisory for a certain level being issued for a city on your itinerary. Since travel advisory levels have been raised for both Israel and the West Bank, you may have a covered reason for cancellation if your itinerary includes any cities in these areas. Contact your policy provider for further detail.
This all highlights the need for travel insurance but also why Cancel for Any Reason (CFAR) benefits are still one of the most popular options. Cancel for Any Reason will allow you to cancel for any reason whatsoever usually up to 2 days prior to departure for a reimbursement up to 75% of your prepaid, nonrefundable expenses depending on your specific plan. To take advantage of CFAR, you will usually need to purchase travel insurance within 1-21 days of your initial deposit. CFAR does not replace your regular Trip Cancellation benefit though, which would cover you 100% for covered reasons, most commonly when you, your family member, or travel companion gets sick.
At the end of the day, your policy provider and Travel Insurance Master are here to help you navigate your policy and options. Visit our Provider Page for contact info and FAQs.
Our thoughts are with those who have been impacted by this incident.
