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| Coronavirus: Insurers limiting travel protection | Coronavirus: Insurers limiting travel protection |
| (about 3 hours later) | |
| One of the leading travel insurance providers, AXA UK, has become the latest in a string of insurers to restrict cover for claims relating to coronavirus. | One of the leading travel insurance providers, AXA UK, has become the latest in a string of insurers to restrict cover for claims relating to coronavirus. |
| New policies will not cover trip cancellation or disruption relating to the virus, it said. | New policies will not cover trip cancellation or disruption relating to the virus, it said. |
| AXA joins the Post Office and InsureandGo in limiting or changing cover this week. | |
| Admiral, Aviva, LV, Churchill and Direct Line have suspended new sales. | |
| The AA and RAC's insurance arms have also limited some of the destinations they cover or the third party sites they use to sell to customers. | The AA and RAC's insurance arms have also limited some of the destinations they cover or the third party sites they use to sell to customers. |
| Latest big name to change | Latest big name to change |
| AXA has added a message at the top its website telling customers: "If you purchase a new policy now, it will not cover any trip cancellation or disruption in relation to coronavirus." | AXA has added a message at the top its website telling customers: "If you purchase a new policy now, it will not cover any trip cancellation or disruption in relation to coronavirus." |
| The company adds: "If you already have an annual multi-trip policy and you book a new trip now, you may not be covered to cancel that trip, or for any disruption you experience." | The company adds: "If you already have an annual multi-trip policy and you book a new trip now, you may not be covered to cancel that trip, or for any disruption you experience." |
| Insurers have faced a surge in applications from holidaymakers who are anxious to protect themselves against the risk of their trips being ruined. | Insurers have faced a surge in applications from holidaymakers who are anxious to protect themselves against the risk of their trips being ruined. |
| Even before the current virus crisis, the cover provided by travel insurance varied significantly between providers. | Even before the current virus crisis, the cover provided by travel insurance varied significantly between providers. |
| More than half of existing policies do not pay out if the policyholder cancels because of a new warning from the Foreign and Commonwealth Office not to visit a particular country, according to analysts Defaqto. | More than half of existing policies do not pay out if the policyholder cancels because of a new warning from the Foreign and Commonwealth Office not to visit a particular country, according to analysts Defaqto. |
| The Association of British Insurers (ABI) said that travel insurance is for unforeseen circumstances and the coronavirus danger was no longer an unforeseen circumstance. | The Association of British Insurers (ABI) said that travel insurance is for unforeseen circumstances and the coronavirus danger was no longer an unforeseen circumstance. |
| "Insurers will take account of when any risk becomes more of a probability than a possibility, making whatever commercial decisions that they feel are prudent," a spokesman for the ABI said. | "Insurers will take account of when any risk becomes more of a probability than a possibility, making whatever commercial decisions that they feel are prudent," a spokesman for the ABI said. |
| "People should shop around for the cover that best meets their needs." | "People should shop around for the cover that best meets their needs." |
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