Experts Clear Up Travel Insurance Misconceptions After Volcano
William Beardsley, senior vice president, Travel and Accident Division for Arch Insurance Group, said take up may be higher for Americans traveling overseas.
For Europeans, he said, take up is much higher—at approximately 95 percent.
One reason for the higher take up among Europeans, Mr. Beardsley noted, is that they often do not have medical coverage when they travel abroad. For Americans, he said, their health insurance generally follows them outside the U.S.
Speaking to what may be covered by travel insurance policies, I.I.I. spokesperson Loretta Worters on Friday outlined for NU Online a few instances where travel insurance might cover travelers for the volcano eruption and the delays caused by the resulting ash cloud. ( http://www.property-casualty.com/News/2010/4/Pages/Business-Interruption-Aviation-Volcano-Claims-Success-Unlikely-.aspx ).
Ms. Worters said, “Travel insurance policies will differ in this situation; there is no standard set of conditions which applies to a situation of this kind. Therefore customers should check their travel insurance policy, and speak to their travel insurer to understand what their individual policy covers them for in this situation.”
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