Endsleigh protects travellers from airline bankruptcy - New policy feature will help protect travellers.
26 August 2010: Leading insurance provider Endsleigh has expanded its existing single and multi-trip travel insurance policies to protect travellers that aren’t covered by the Government’s ATOL scheme from airline insolvency.
ATOL protection only applies to package bookings - where a flight and another part of the trip are booked from the same operator. Millions of people who book various parts of their trip separately are not covered by the Government scheme.
Endsleigh’s cover for scheduled airlines, provided by specialist International Passenger Protection Limited (IPP), will mean customers who are not ATOL protected will be able to recover some of their booking costs if an airline goes into administration prior to travel. It also covers the cost of the return journey home if the collapse occurs when the customer is away. Holidaymakers can be protected for up to £2,000 per person without any excess.
“The recession and recent natural disasters have had a significant impact on the aviation industry.” explains Michael Ward of IPP. “High profile airline insolvency such as Sky Europe, Globespan, XL and Nationwide has meant that up until now, travellers without package deals haven’t had many options to protect themselves against airplane insolvency.”
Ben Hosford of Endsleigh Insurance said,“For most, flying is part and parcel of a holiday. To avoid facing a disruption to the holiday it is important for holidaymakers to ensure they have adequate cover, especially when their travel arrangements aren’t ATOL protected. We are always working to develop and expand our products to respond to our customers’ needs and we are pleased to add this cover to ensure peace of mind. ”
A recent survey by independent rating agency Defaqto found that only 1 in 5 travel insurance products includes this important cover.
Source: Endsleigh
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