Asked if the financial loss of cancellation will be covered by an insurance plan, SXSW co-founder Nick Barbaro – who is also the publisher of the Chronicle – said the organization does not have cancellation insurance relating to a disease outbreak or triggered by the city declaring a “local state of disaster.”
— Read on The Austin Chronicle
COVID-19 will likely have a big impact on the economy. And insurance — including travel insurance — isn’t the safeguard many people think it is. This incident is making me rethink the value of travel insurance.