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Boston: "Terrorism Insurance" a Hot Debate as Boston Hotels Still Struggle

May 3, 2013

The hotels located on or near Boylston Street are still trying to get their feet back under them after the tragedy in Boston, reeling from the lack of business associated with the incident's aftermath. Hotels are looking to their insurance companies to cover their losses, but, interestingly enough, the payout depends upon whether or not the government officially declares the marathon bombings an "act of terror."

Quick background: After September 11th kicked them in the face, insurance companies decided to exclude "acts of terror" from inclusion in policies. They made it an optional add-on that businesses had to purchase separately to have damage covered that resulted from officially declared acts of terrorism, meaning the government's categorization

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