Pharma Investments, Ventures & Law Weekly
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Insurance Information Network of California
IINC Offers Insights into Insurance Implications of Swine Flu Outbreak
May 17th, 2009
The current outbreak of swine flu has implications not only for travelers and businesses, but for their insurers as well. Travel Insurance Trip insurance can provide some protection for travelers who fall ill and, under some policies, provide a financial backstop for a cancelled trip. Trip Cancellation. In the event of an illness to the insured, the insurer may pay up to the policy’s limits. This requires a physician’s verification on or before the departure time. Cancel for Any Reason Protection. An upgrade that provides coverage for most travel cancellation. It is limited typically to 75 percent of the prepaid, forfeited, non-refundable portion of...
Source: Pharma Investments, Ventures & Law Weekly (2009-05-17)
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