Sorry for the late reply…
My travel insurance is with CHI Travel Insurance. Accordingly to my travel agent I will not be covered if I cancel my trip due to terrorism but am covered if involved in any act of terrorism while away (not particularly what I want to think about lol).
In terms of the hot air ballooning I have looked into it to get a rough idea on prices as I would absolutely love to do that over the sunrise!
Have you thought any more about it in the last week?