Travel insurance is an insurance product used for protecting against unexpected losses incurred while traveling, both domestically and internationally. In the United States, travel insurance meaning the coverage provided was first introduced in 1974 to provide travelers with protection against loss of money and personal property while on travel. The first insurance policy was developed to cater specifically to the needs of white Americans who traveled frequently around the world. This policy has evolved since then to provide all the protection one could wish for when exploring international travel.
Terrorism can be a dangerous and confusing issue for many Americans. When a country such as the United States of America is accused of involvement in acts of terrorism, it can cause a lot of damage and upheaval to that country. Traveling is one of the ways people use to relax themselves and visit different places around the world. Therefore, being accused of involvement in acts of terrorism while on travel is definitely a fear for most travelers. When this happens, travel insurance definition has become a bit ambiguous.
Travel insurance meaning the coverage provided is very vague and is often used loosely to describe any travel-related situation. One situation that is often confused with terrorism is the occurrence of Istanbul. Istanbul is a place in northern Pakistan in the province of North West Pakistan. Pakistan’s government considers Istanbul to be a terrorist organization and therefore any individual traveling to or from this region on any pretext is generally assumed to be involved in Istanbul.
However, this is not necessarily true. In fact, Istanbul is a peaceful town that has enjoyed relative peace for many years. Many travelers come to Istanbul and leave their homes and families behind, only to find themselves caught up in an unfortunate situation that forces them to take a long vacation or return to their home country. If coverage of the travel insurance definition of terrorism is used in this situation, it is usually very clear which side of the fence the traveler’s perspective must lie on.
The travel insurance definition of terrorism can be used to cancel a travel package to any part of the world. For example, if a terrorist group kidnapped your loved one and demanded ransom payments, your travel insurance definition of terrorism can force you to cancel your trip to Paris. In this case, no amount of money or jewelry could ever make up for the loss of your loved one. Therefore, canceling your Paris trip would be akin to a form of revenge. And if you are traveling with your family, the impact would be far greater.
If you are forced to cancel a trip because of a natural disaster, there is little that can be done to mitigate the damage. Instead, you and your family must adjust to a new life. The basic infrastructure of Paris is quickly rebuilt, making everyday living there comfortable and safe. As a result, your family would be better off staying in Paris than making arrangements to travel back to their home country. The economic damages from a terrorist attack in Paris, therefore, would pale in comparison to the economic benefits of staying put.
What about a terrorist attack in Paris on a public square? If you and your companions are on a public bus, you would not have much to worry about. However, your taxi driver is an explosives specialist. He knows how to avoid traps, where to place explosives, and what to do in the event of a bomb going off near him. Your travel insurance policy will pay for the cab driver’s damages, as well as those of any other passengers on the public bus that was stopped and the bomb exploded in the air.
Terrorism coverage is designed to provide compensation for the losses incurred as a result of acts of terrorism. Your travel insurance policies should cover your medical expenses in the event that you are injured or become ill in an area that is considered a terrorist attack. Your policies should also include coverage for any property that is destroyed as a result of your travel. These types of events are usually covered as part of all travel insurance policies.