Airline Insolvancy Cover

chris_dixon

So.... given Zoom airlines going bang, I'm keen to get some insurance cover that covers me if the other low price Canadian airline goes bust.
However, I've trawled lots of policy documents and I can't work out for the life of me which policies cover it. What should I look for. Any tips?
Thanks...

Erikin_2

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According to Which? these people do.

Diamond_Olly

or book through a travel agent for protection.

chris_dixon

Diamond_Olly wrote: »

or book through a travel agent for protection.

I've already booked online direct with Canadian Affair, so I'm looking for insurance.

Alan_Bowen

If you have booked through Canadian Affair it already has an ATOL which means if the airline goes bust, they have to replace it with an alternative airline or give you the money back. If Canadian Affair go bust at the same time, they are owned by a Canadian airline, the CAA will give you the money back, so you have nothing to worry about.

For those booking direct with airlines, you need to ask for Scheduled Airline Failure Insurance which should cost around £5 pp but is only sold by travel agents not not direct by insurers. It therefore makes a lot of sense when there are rumours of more failures in the pipeline to book if you can through a company with an ATOL, it may cost more, it often costs the same or less but you know your money is safe from day 1

nigemcdee

Hi, just saw the tonights programme, and i'm concerned that a number of low cost airlines will go to the wall. I have recently purchased flights for summer 2009 for the family through a low cost airline (jet2), and have heard a number of rumours about the financial status. does anyone know if or were I can purchase insurance to cover possible insolancy. Thanx

bentley99

nigemcdee wrote: »

Hi, just saw the tonights programme, and i'm concerned that a number of low cost airlines will go to the wall. I have recently purchased flights for summer 2009 for the family through a low cost airline (jet2), and have heard a number of rumours about the financial status. does anyone know if or were I can purchase insurance to cover possible insolancy. Thanx

Yes same here, booked to go to Boston in October and Palma next Summer if someone could let us know where to get insurance that will cover if airlines go bust like Zoom.

audbod38

look swiftcover as this is where i got my travel insurance and it gives you the option of purchasing airline failure cover, thinks you need to wait to 4th or 5th page through booking process before u see it.

Engadine

Post Office insurance includes Scheduled Airline Failure Insurance (SAF)

meester

is there any insurance that will cover the actual costs of failure?

For instance, if I book to the Caribbean on XL in October, it will cost about £250.

If they go bust, it will likely cost £750 to get last-minute replacement tickets.

Refunding the £250 is utterly useless, because you'd get that back from the card company.

meester

meester wrote: »

is there any insurance that will cover the actual costs of failure?

For instance, if I book to the Caribbean on XL in October, it will cost about £250.

If they go bust, it will likely cost £750 to get last-minute replacement tickets.

Refunding the £250 is utterly useless, because you'd get that back from the card company.

hmm, had a look at Post Office, seems if the company goes bust before departure you get the cost of the accommodation back, but they won't pay for new flights unless you are already there.