Insurance provider International Travel and Healthcare has launched what it claims to be the first terrorism travel insurance product in Great Britain.
The company designed its Safe Journey policy “to complement existing travel insurance policies,” according to an online report by the Travel Trade Gazette.
It costs £4.60 for a two-week single trip and £13.92 for an annual multi-trip.
The product covers disinclination to travel, the report added, allowing travellers to cancel their trip if it would take place within six weeks of a terror attack hitting their travel destination.
It also enables travellers in places affected by terror acts to limit their trips, while also helping them with return travel arrangements.
Kate Huet, International Travel and Healthcare managing director, told the Travel Trade Gazette
that the company may work with agents to start selling the product through the trade.
Huet was “eager” to arrange commercial terms with interested agents, the report said.
“We’re in the very early stages of the launch, but we’re absolutely desperate to embrace travel agents, because they are so well placed to say to people about the product,” the publication quoted Huet as saying.
“We would of course make sure it was commercially viable for them and we would be keen to come to an agreement with the trade,” she also said.
Arthur J Gallagher responds to global threats with terrorism solution
UK firm partners with Allianz for travel insurance solution
Holidays on hold: cancelled plans lead to millions in claims