Travel insurance companies are going to bail out some of the loss at least. Ash continued to erupt into the air from a volcano in Southern Iceland on Friday. Europe's air traffic control was on a flight cancellation spree throughout the week. The insurance news was that travelers were left in an utter chaos and tried to make alternate plans. It can be noted that the last week saw the closure of Europe's three biggest Airports. Many travelers were left confused about whether their travel insurance would cover delays which go over a a couple of hours.Hotel stays and meals out may cause a lot.