When catastrophic events impact travel plans, travel insurance carriers release position statements identifying how coverage is affected. Policies purchased after an event is considered foreseeable will not cover situations related to that event. The following is a statement from Seven Corners. This statement is unchanged from the previous blog post Updated Statement from Seven Corners on the Volcanic Eruption in Iceland on 5/7/10.
“The NW protection plan must have been purchased on or before April 14, 2010 OR on or after May 5, 2010 to be eligible for coverage. Coverage also applies to anyone who purchased a plan on or after April 24, 2010 if their trip departs May 6, 2010 or thereafter and the resulting cancellation occurs after May 6. Resulting volcanic ash clouds will be considered a covered reason due to weather and loss due to the physical eruption of a volcano will be considered a covered reason under natural disaster. Coverage is subject to the terms and conditions of the policy.”