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Cancellation Insurance?

The document discusses various types of insurance that may cover costs from cancelled flights, including travel insurance, airline liability insurance, and business interruption insurance. However, it notes that travel insurance often requires exhausting other avenues of compensation first and may not cover certain reasons for cancellation. Airline liability insurance typically only covers bodily injury or property damage. The document then considers whether insuring entire flights for airlines could help compensate them for cancellation losses, and whether complementary passenger services around flight information and support could be provided. It analyzes some potential costs of such flight cancellation insurance.

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Cancellation Insurance?
Pedro Écija Serrano ¦ www.datadriven.ie ¦ pedroecija@datadriven.ie
Cancellation Insurance?
Who looks after you when your flight is cancelled?
Cancellation Insurance?
http://on.ft.com/2wDdFl1
http://bit.ly/2w4gmfN
http://on.ft.com/2wDdFl1
Cancellation Insurance
Mr Passenger
Travel
Insurance
Liability
Insurance
Business
Interruption
Insurance
Liability of
Air Carriers
Who looks after the airlines when there is flight disruption?
Cancellation Insurance?
•Travel Insurance: paying only after other avenues of
compensation have been exhausted and might not cover Acts of
God.
•Airline Liability Insurance: there must be bodily injury or death
and/ or property damage.and/ or property damage.
•Business Interruption Insurance: expensive and likely to require
property damage to warrant compensation. Terms exclude many
claims.
•Liability of Air Carriers: airlines are not expected to compensate
only under exceptional circumstances according to EU legislation.
Cancellation Insurance?
•Travel Insurance: paying only after other avenues of
compensation have been exhausted and might not cover Acts of
God.
•Airline Liability Insurance: there must be bodily injury or death
and/ or property damage.
And The Winner Is…
and/ or property damage.
•Business Interruption Insurance: expensive and likely to require
property damage to warrant compensation. Terms exclude many
claims.
•Liability of Air Carriers: airlines are not expected to compensate
only under exceptional circumstances according to EU legislation.

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Cancellation Insurance?