Underwritten by Markel International Insurance Company Limited, Safe-Journey will provide cover for travel delay, cancellation and disinclination to travel to destinations where an act of terrorism has taken place – benefits which are typically not offered by traditional travel insurance. Those who have already travelled to a location where an act of terrorism has taken place will be covered should they wish to curtail their trip and return home. Examples of premium gross including IPT would include £4.60 for a two week single trip policy and £13.92 for an annual multi-trip policy.
The product was developed by a team led by International Travel and Healthcare managing director Kate Huet, following the numerous global terrorist attacks in 2015. As chairman of the Association of Travel Insurance Intermediaries (ATII) and in her role at ITH, Huet saw that there was a need for an insurance product which provides cover for not only those directly affected by terrorist attacks, but also those indirectly affected.
The policy will work as an ancillary product in tandem with traditional travel insurance and will also offer benefits for travel delay, personal possessions, withdrawal of services, evacuation and emergency temporary accommodation, medical expenses, medical repatriation, death and permanent total disablement in the event of an act of terrorism. There is also no age limit and no territory loadings.
Brokers can access Safe-Journey via ITH’s secure back office policy issuance system www.ithcos.com. Safe-Journey policies will be available from www.safe-journey.com, insurance intermediaries and price comparison websites.
Kate Huet comments: “The number of travellers affected by terrorist attacks has increased dramatically over recent years and there is now a clear need for the insurance industry to address this. Tourists are increasingly seen as soft targets by terrorists, and we therefore saw a need to introduce a unique terrorism travel insurance product which will both enhance and provide additional cover to the UK’s travellers and holidaymakers – a true first in the UK market.
“Travel insurance plays a vital role in assisting consumers when they are in need, and Safe-Journey will give all UK travellers the extra peace of mind knowing that they are covered in times of uncertainty.”
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