Why Add Terrorism Coverage to Your Travel Insurance Policy?

August 31, 2009
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Purchasing terrorism coverage to add to your policy has many benefits as international trips are nowadays often interrupted by acts of terrorism.  If you have a travel insurance policy that includes terrorism coverage, you won’t have a problem paying for cancellation fees in case you decide to cut your vacation short due to a travel advisory issued by the U.S. State Department recommending that Americans avoid a certain country.

Other travel insurance companies focus on a city instead of the country. If you cancel or cut short a trip due to an act of terrorism at your destination either within 30 days of your scheduled arrival or while you are there,…

Why It is Difficult to Renew Terrorism Insurance

August 5, 2009
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Political resistance to new government programs and “blue’ versus “red’ politics were among the forces that got in the way of timely renewal of the federal terrorism reinsurance program, said a leading insurance lobbyist in Washington.

The senior vice president for government affairs for the American Insurance Association, Leigh Anne Pusey, recalls that three or four years ago that there were jokes made by the Washington insiders regarding George Bush ending every single one of his speeches with “God Bless America and pass the terrorism bill.’

When it came to renewing TRIA in 2005, the full support for the Bush Administration was gone.

Pusey says, “Because they bought the program, thinking that it…