Posts Tagged ‘insurance for oil spill’

Oil Spill Insurance

Wednesday, June 23rd, 2010

The oil spill in the Gulf of Mexico has created travel uncertainty from the planned beach vacation to the upcoming cruise. Although there has not been a canceled cruise as a result of the oil spill, we are still unsure how this may affect your upcoming vacation. If you are concerned about your non-refundable plane or cruise ticket or even your pre-booked excursions, it is important to look into travelers insurance as many plans do not cover cancellation resulting from the oil spill.

Although some plans cover natural disasters like hurricanes or volcanoes, the oil spill is instead considered a man-made disaster and in many cases is not covered. There have been reports where passengers have tried to cancel their airline tickets and were unable to obtain a refund on their insured flight. Many airlines have announced that the oil spill does not prevent incoming and outgoing flights and thus passengers will not be able to claim a refund – leaving passengers to assume both the non-refundable cost and rebooking fees.

If this is a concern for you, we here at International Citizens recommend purchasing a trip cancellation plan with the option to cancel for any reason. Our RoundTrip Choice plan is well designed as an oil spill insurance that will allow you to add the option to cancel for any reason as long as your initial deposit was secured within 10 days of purchasing the plan. This will allow you to cancel as a result of the oil spill and you will be able to retrieve 75% of your non-refundable costs.

If you have additional questions about this coverage, please feel free to contact us for further information about how to protect your upcoming trip.