The British Insurance Brokers’ Association (BIBA) announced from the Government that they will compensate British victims of terrorism abroad.
Graeme Trudgill, BIBA’s Technical and Corporate Affairs Executive, said: “We have been liaising with victim’s families since 2004 and are delighted that the Government has finally committed themselves to this important change.
“We are also very pleased that many travel insurers, over the last four years, have agreed to include terrorism cover in their travel insurance policy wordings. However we estimate that about a third of policies still do not have any terrorism protection at all. We urge insurers to include this cover as soon as possible because travellers will rely on their insurer helping them if they are caught in a terrorism incident abroad.”
Peter Staddon, BIBA Head of Technical Services, added: “An important message to consumers is that this scheme is not a replacement for travel insurance, it is merely after the event compensation. The BIBA Protect travel insurance policy will cover people at their time of need for medical expenses, repatriation, personal accident and baggage claims caused by a terrorism incident.”
Consumers should be aware that the level of terrorism cover offered does vary from provider to provider so they should speak to an insurance broker for advice.
