15 Mar '11, 3pm

GIA says travel insurance doesn't cover nuke disasters: SINGAPORE: The General Insurance Association of Singapor...

GIA says travel insurance doesn't cover nuke disasters: SINGAPORE: The General Insurance Association of Singapor...

SINGAPORE: The General Insurance Association of Singapore has said that travel insurance policies here do not cover fallouts from nuclear disasters. In a statement, the GIA said "all travel insurance policies carry a total exclusion on nuclear risks". The cover excludes any loss, damage, illness directly or indirectly arising from the existence or escape of nuclear, ionizing radiation as well as contamination by radioactivity from nuclear fuel. GIA added that as a result of the recent earthquake and tsunami in Japan, consumers should check the terms and conditions attached to their travel insurance. For example, if their policy covers losses, bodily injury, flight delays as well as trip cancellation, postponement or diversion due to natural disasters. More than 25 insurers offer travel insurance products in Singapore, with varying benefits.

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

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