More that 70% of British travellers would consider taking out a volcano insurance policy according to HolidayExtras.comFollowing weeks of air travel disruption caused by the Icelandic volcano eruptions, the company has revealed that 9% of those polled would definitely take out such cover; 20% probably would, due to its low cost; and 44% would consider it but would question how often such an event will actually occur (46% of the women polled, 35% of men).
The results also revealed that 27% of those questioned thought that natural disaster insurance was a waste of money.
The company’s head of insurance, Andrea Clayton, said: "The decision of our Underwriter not to offer cover for the Icelandic ash cloud is not based on an element of small print in the working (not an 'act of god' or adverse weather) but simply a cancellation cause that was never thought of.Insurers who offered some cover for the initial disruption have gradually withdrawn cover for the subsequent events. Travel insurance, like all other types of insurance policies where a one-off premium is paid, is not designed to cover ‘known events’. We are trying to source a natural disaster product, which could support the travel trade by encouraging customers to book holidays this summer."
In the same survey, the holiday add-ons provider found that the majority of British travellers (73%) arrange their travel insurance more than one month before departure, with 12% organising it two-weeks in advance, 8% between one-two weeks, 6% from two to six days and 1% the day prior to travel.