UK travel insurance companies are receiving a excessive quantity of buyer queries amidst the ongoing conflict in the Middle East.
The costs of aviation fuel have elevated, and many travellers are involved about the chance of flight cancellations amid fuel shortages. Up to 40 per cent of Europe’s jet fuel is sourced by way of the Straight of Hormuz, which lies between the Persian Gulf and the Gulf of Oman, and is presently closed.
In some elements of the world, flights have been grounded, and airfares have sharply elevated to offset rising fuel prices. So far, British and Irish airways have mentioned they’re assured they’ve sufficient provides to cowl the remainder of April.
“While our summer holidays certainly haven’t been cancelled yet, there is currently a worry that we may see widespread flight cancellations if the ongoing crisis in the Middle East has a knock-on effect on the UK travel industry,” says Rhys Jones, travel insurance professional at Go.Compare travel.
“There are a few reasons this could happen: firstly, conflict zones are forcing airlines to reroute or avoid entire regions. Secondly, sanctions and conflict are affecting fuel supply routes – with concerns rising that demand for jet fuel in the UK could outstrip our supply, if issues persist. Additionally, another issue is knock-on delays, resulting in crew timing issues, missed slots, and cancellations elsewhere.
“If you have a holiday booked, we recommend keeping a close eye on the news, as well as looking for any updates from your airline or holiday provider.”
Ryanair CEO Michael O’Leary told Sky News: “The fuel companies are happy there won’t be disruption till early May. But if the war continues, we do run the risk of supply disruptions in Europe in May and June, and obviously, we hope the war will finish sooner than that, and the risk to supply will be eliminated.”
Here’s everything you need to know about travel insurance during the ongoing conflict.
What is travel insurance?
Travel insurance is a type of cover that protects you financially if something goes wrong before or during a trip. It typically includes protection for trip cancellations, medical emergencies abroad, lost or delayed baggage, travel delays, and emergency evacuation. This means you shouldn’t have to pay high unexpected costs while travelling.
However, travel insurance doesn’t provide total immunity. Policies often exclude things like undeclared pre-existing conditions, risky activities, incidents involving restricted travel areas, and acts of war or major conflict.
What are my rights if my flight is cancelled?
“If your flight is cancelled, you are entitled to an alternative flight or a refund from the provider you booked with,” says Rhys.
“We would definitely recommend reaching out to your airline or holiday provider in the first instance, as compensation through your travel insurance is unlikely – this would fall outside of the remit of your insurance.”
Booking UK travel insurance & how to find the best travel insurance quotes
The best place to start when booking holiday insurance is to use comparison websites, such as Go Compare, Compare the Market or Money Supermarket, permitting you to evaluate a number of insurers in a single go to discover the finest bundle for you.
Once you’ve got shortlisted a number of insurance policies – prioritising sturdy medical cowl – double-check instantly with the insurance supplier, as costs can differ barely. It’s additionally a good suggestion to verify critiques from different prospects too.
“Make sure to look closely at what is included and excluded in each travel policy, so you can be certain you have the protection you need,” Rhys provides.
What is “Cancel For Any Reason” (CFAR) travel insurance?
“Cancel For Any Reason” (CFAR) travel insurance is a premium add-on or coverage that permits you to cancel your journey for causes not usually lined by customary travel insurance and nonetheless obtain some reimbursement. It’s designed for travellers who need most flexibility, particularly when plans would possibly change unexpectedly, comparable to due to work schedule modifications. They have to be bought quickly after reserving your journey and typically come at a premium price.