Nearly half of all large UK insurance companies have stopped selling travel insurance because the coronavirus pandemic continues to affect travel around the world.
About 31 of the 75 leading insurance companies in the country have withdrawn travel insurance offers, after that?
13 other companies have changed their requirements to exclude Covid 19 claims for new customers.
Brands that have stopped selling travel insurance include Admiral, Aviva, Churchill and Direct Line.
Old customers who take out insurance before the corona virus outbreak greatly affects travel in mid-March still need to be insured in most cases.
Can my insurance company change their terms?
For those who book travel after April 16 – when the State Department’s advice about all overseas travel ends – but have not yet taken out insurance, it may be difficult to take coronavirus insurance. Travel disruption.
Who recommends new customers to follow guidelines that include “travel disruption coverage” that allows passengers to claim late destination, late departure or long-term overnight destinations that are not scheduled for those who cannot return home.
The British Insurance Association (ABI) estimates that travel insurance is expected to pay at least £ 275 million in corona virus claims this year.
This will be the largest annual cancellation payment to date, almost double the previous 2010 record.