Monday 8 May 2017
In the current economic climate, being able to purchase financial failure protection is imperative.
Some Travel Insurers incorporate this as part of their overall policy wording, but in the main most don’t offer this cover.
It is important to remember that the civil aviation authorities ATOL scheme only applies if a flight plus another component part of the trip are part of the same booking. You can check if your trip is ATOL protected as you should receive a certificate which shows the name of the firm and their ATOL number. You can also check them on the ATOL register.
As most people make their travel arrangements independently, there is no government protection against the financial failure of Airlines or other end suppliers you are booking with. Imagine being on holiday, to find the airline you have booked with has failed and you have no means of repatriation other than to try and rebook a return ticket with an alternative flight provider.
The cost of a ticket in these circumstances can be up to three times more than the original ticket price. You could also find yourself in this position a few days before you are due to travel, and would then have to hastily try and find another provider, but again the cost will be far more than the original price paid. You can purchase cover against this eventuality from a specialist Insurer offering stand-alone policies from as little as £5.00 per person travelling.
Please click on the following link for full details of this. Cover can be paid for online and the policy documents are then emailed back to you instantly.
Posted by Philip Suter at 07:10