Frequently Asked Questions

IMPORTANT

• Can companies continue to benefit from TRIP coverage if the company is the subject of an acquisition or merger? IMPORTANT

TERRORISM COVERAGE

• What is terrorism?
• Which types of insurance cover injury/damage caused by terrorism ?
• Does my travel-assistance policy include coverage for terrorism?
• Am I insured against terrorism when I use the train or underground ?
• If I incur injury or damage caused by terrorism, but have no insurance providing enough compensation, will my injury/damage be compensated?
• When will coverage for terrorism become mandatory ?
• Terrorism is not mentioned anywhere in my general terms and conditions. Do I have terrorism coverage?
• Can certain claims still be excluded from terrorism coverage?
• Will the general terms and conditions of insurance policies be changed ?
• What do I need to do?
• The law applies only to Belgian risks. What is a Belgian risk ?
• If, during a holiday or business trip overseas, I incur injury/damage caused by terrorism, am I covered for this injury/damage ?

COVERAGE UP TO €1 BILLION

• I read somewhere that coverage of injury/damage caused by terrorism is limited to €1 billion . Is this true?
• Which insurance companies are members of ASBL/VZW TRIP?
• My insurer is not included in the list of members of ASBL/VZW TRIP. What does this mean?
• Why are insurance companies able to choose whether or not to join ASBL/VZW TRIP?
• What is ASBL/VZW TRIP?
• Why is terrorism coverage limited to €1 billion for ASBL/VZW TRIP members?
• How is the €1-billion compensation fund constituted?

FIXING THE COMPENSATION (only applicable if your insurer is a member of TRIP)

• What is a percentage of compensation?
• How is the percentage of compensation calculated?
• What if the total amount of the injury/damage incurred during a calendar year is less than €1 billion?
• What if the total amount of the injury/damage incurred during a calendar year exceeds €1 billion?
• Can a percentage of compensation be changed?
• When does the percentage of compensation become final?
• Is compensation for certain types of injury/damage given priority?
• Can my insurance company pay out more compensation than the mandatory percentage?
• Can my insurance company pay out less compensation than the mandatory percentage?
• I invested my savings in a life-insurance policy or an investment-insurance policy. If the percentage of compensation means that I am not fully compensated, do I lose my savings?
• Is it true that the percentage of compensation is not applied to workmen’s compensation insurance?
• When will the €1 billion coverage of terrorism and the specific compensation system begin to apply?
• How long can it take for beneficiaries to receive their compensation in full or in part?

OTHER QUESTIONS

• Who will be paying the compensation?
• If I incur injury/damage caused by terrorism, who is my contact person?
• How is claim compensation paid out?
• What is the Committee?
• Where can I find the law on which the system of insurance against terrorism is based?