Wednesday, 26 January 2011

Financial failure protection tackled by Go Walkabout travel insurance

Go Walkabout travel insurances tackle financial failure protection - Press Release received today from Michael ward

As innovators in the high profile travel insurance market, Go Walkabout travel insurance products now include Financial Failure protection as standard.

The cover, provided by specialists International Passenger Protection Ltd, protects travellers against the financial collapse of End Suppliers including airlines, accommodation suppliers, car hire companies and excursion organisers (plus much more).

The decision to include the cover came as a result of the continued fragility of the travel market and the Governments’ ATOL protection being restricted to cover package bookings only (where a flight plus another component part of the trip are booked from the same operator).

The massive volume of our market are independent travellers and so the protection we offer needs to address their needs,’ explained Harold Lawrence, Partner at Go Walkabout.

A recent report by independent rating agency Defacto found that only 20% of travel insurance policies include this protection and travellers are realising the importance of the cover following recent high profile collapses of airlines such as Globespan and Sky Europe and continued fragility in the aviation industry.

‘Those of us who book directly with suppliers for budget and flexibility reasons really need this protection and I urge everyone to check their cover includes this important cover. If it doesn’t, make sure your next travel insurance product is with Go Walkabout,’ concluded Mr Lawrence.

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1 comment:

Travel Insurance Policy said...


Travel insurances ensure that our economic losses are protected, which is good for out future. Thanks a lot...