In reply to Marcin.Bjorn:
Blimey 5 people falling in a crevasse on Hvannadalshnúkur, must have changed a bit since I went up there.
To answer your question, in reality the chances of being able to use an ice screw to set up a belay should someone fall into a crevasse are tiny. If the glacier is covered in soft snow such that you could fall into one without seeing it was there, then an ice screw would be useless as a belay and conversely, if the ice/snow was good enough to hold a screw you'd be able to see the crevasses in the first place or at the very least it would hold your weight. In that respect it doesn't matter if your screws are capped or even in the bottom of your rucksack!That said, we all dutifully carry a screw 'just in case'.
There is a possibilty that the person who actually falls into the crevasse might be able to place it in the crevasse wall and clip into it to make life easier for those on top while they set up a snow anchor but in if you're in a position to do that pulling a plastic cap off first will be the least of your worries, getting close enough to the sides and getting the screw to bite in bullet hard ice and then clipping in and weighting it will all be more difficult than removing the cap.
So my advice would be do your salopettes a favour and keep the screw covered.