What is terrorism travel insurance and how does it work?

Paris lost 1.3 billion Euros in tourism revenue in 2016 due to a loss of visitors due to terrorist attacks. With terrorist attacks dominating the news cycles internationally, it has put a dampener on travel to many European locales. The Department of Foreign Affairs and Trade (DFA) currently states that “Irish citizens throughout France should exercise a high degree of caution, should be vigilant in public places and should follow the instructions of local authorities at all times.” Due to the terrorist incidents of 2015 and 2016. This is only one example of a country that had a safe reputation up until recently.

If you are travelling abroad and are concerned about terrorist threats, the first step is to register yourself with the DFA. This service is most valuable to those who are travelling to areas which have higher risks associated.

The next step is to research terrorism travel insurance. While general travel insurance policies do cover the medical side of terrorist attacks, if you want to cancel or end your trip due to a terrorist attack most insurance policies offer no coverage.

While you will have to check with your individual travel insurance provider, in general terrorism insurance policies will cover evacuation costs, emergency accommodation, and cancellation.

Vigilantly use the DFA’s travel advisory website in order to see if the status of your vacation could be at risk due to terrorist attacks or the concern of a terrorist attack in the future. If you are covered by terrorism insurance, you will be able to cancel within a certain time period that is dependent on the terms and conditions of your individual policy.

Most terrorism policies do not cover for nuclear, chemical, and biological attacks. Check with your travel insurance broker to see if their general coverage includes conditions for if the DFA decides to update the status of a country to a high risk level. If they do not have such provisions, terrorism insurance could be the next step to having piece of mind.


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