Totally Insured Travel launches the first travel insurance enhancement specifically to cover terrorism and security.
Thousands of people travelling over the summer period will not be expecting security delays – or will they, and if so will they be covered? The recent security problems at Heathrow Airport ahead of the Queen’s opening of the new £4.3bn Terminal 5 building was the second serious security breach at Heathrow within 18 days causing flight delays and some cancellations.
Delays are more from paranoia about terrorism and security, rather than real terrorist threats.
So what does this mean for the great British travelling public and what cover exists? Until now many will have had travel insurance but almost certainly none of these policies will offer cover for delays incurred as a result of security or terrorist related incidents. The reason for this is that no such insurance policy previously existed.
Hampshire based Totally Insured Group (TIG) and their subsidiary Totally Insured Travel, offer an innovative travel insurance product that covers such delays. This is being underwritten by Professional Travel Insurance Company Limited.
Cover includes additional travel, overnight accommodation, subsistence, alternative re-ticketing, and excess car parking charges as long as the delay is for more than 6 hours. The cost for this additional cover starts from as little as £5.
Ron Moonesinghe, Managing Director of TIG, says “The product was developed after a friend of mine was going on holiday with his family to Spain and got caught up in the massive security delays at Heathrow in August 2006. Hundreds of flights were cancelled over a number of days.
When he telephoned his insurance company from the airport, he was told that security/terrorist incidents were excluded. Had he and his family been covered, along with the thousands who spent days sleeping in the departure lounges, they could have been reimbursed for the additional expenses incurred such as hotel, meals, and even a new ticket”
The government knows that the travelling public are not sufficiently aware of the exclusions on policy. The House of Commons Treasury Committee published a report on travel and tourism last year stating there is “…insufficient awareness of exclusions in the areas such as terrorist acts…all too often, exclusions are buried in the small print of policies.”
The Security Delay Insurance (SDI) policy offers a unique range of features, providing significant benefits should a policyholder be stranded or delayed due to terrorist or security events.
This travel product therefore goes a considerable way towards easing a traveller’s misery. Getting cover is also quick and simple taking a matter of minutes when visiting securitydelayinsurance.com.
Travel insurance: News update: June 2008