Airline Insolvancy Cover

Alan_Bowen

Scheduled Airline Failure Insurance will pay the cost of getting home, not just half the cost of the ticket, which is of little use when you are stranded. There are now a few policies that include SAFI within the main policy but in most cases it has to be brought separately

louise3965

Hi, we have booked for 2009 with jet2 as well and paid by debit card gah. But i found this on their website. It says *flight* so does it mean because they have an ATOL license, we will get our money back?

When you buy an ATOL protected air package or flight from Jet2Holidays.com you will receive a confirmation invoice from us (or via our authorised agent through which you booked) confirming your arrangements and your protection under our Air Travel Organiser’s Licence number 9618. In the unlikely event of our insolvency the CAA will ensure that you are not stranded abroad and will arrange to refund any money you have paid to us for an advance booking.

Erikin_2

Read this useful informative guide.

And to quote:

“But consumers should be aware if they are booking only flights from a travel agent even if they ARE ATOL-protected.

If you purchase a scheduled flight and are given either an e-ticket or paper ticket immediately or within 24 hours and the airline goes bust, you will not be covered.”

HERE.

Beeches13

I already have a good annual policy but it doesn't cover airline failure. Does anyone know of any companies which sell airline failure cover as a free standing "add on" to cover flights already booked direct with the airlines? Advice welcomed. Thanks

Alan_Bowen

To Louise3695, a flight purchased on their web does not have ATOL cover, the ATOL protects package holidays they are selling with accommodation as well as flights and a few charter flights that they have started marketing.

For everyone else reading, Scheduled Airline Failure Insurance is offered by three insurers in the UK, Marcus Hearn, IPP and Advantage. It is only available through agents, not direct from the insurers and may, and I emphasise may, not be available if you bought your flights on line and not through the agent. For short haul routes it usually cheaper to buy flights on line, for long haul routes, many of the best deals are through agents and operators,even those on line, and you can then buy SAFI at the same time

conradmum

After many hours of reading the small print of policies, I've found two that you can buy yourself (as opposed to going through an agent). One is Swiftcover (the one I ended up buying), which has an option to buy scheduled airline failure insurance as you go through the quoting process. The other is Post Office insurance, which includes £1500 cover as standard in its annual multi-trip worldwide insurance policy.

Thanks to the poster who mentioned swiftcover earlier as this put me on to them.

So if you've bought tickets directly from an airline, you can still buy insurance to cover you if they go bust.

Erikin_2

Worth a read – in the Guardian today. HERE.

“Stand-alone insurance against airlines going bankrupt will be available to the British public for the first time next week.

Paying by credit card offers some protection, but will only cover the value of the ticket if it is over £100; extra costs such as replacement flights or hotels are not covered.”

moonrakerz

nigemcdee wrote: »

i'm concerned that a number of low cost airlines will go to the wall.

Don't believe everything in the media:-

http://news.bbc.co.uk/1/hi/business/7603815.stm

But I suppose before long we'll have posts about the airlines "ripping people off" and the CEO making "obscene" profits!

getmore4less

It is not just the airlines you have to wory about for recovery of cancellation costs due to a supplier going bust.

I have looked at two annual tavel policies and both exclude failure of any supplier.

From Atlas direct(tesco have similer exclusion), cancellation cover excludes


failure by the provider of any part of the booked

Trip to supply the service

or transport (whether as the result of error, insolvency, omission, default or

otherwise). You should direct any claim in this case to the provider involved;

So if you booked accomodation and flight seperately and the airline went down you have no cost recovery for the accomodation if you could not get alternative flights.

vivatifosi

Slightly off-topic, but on Working Lunch last week, they said that people who had a visa debit card, as opposed to credit card or debit card from another company, could also claim back the cost of fares that had been bought from airlines that went bust. I know that a lot of companies get you to pay by debit card or charge a surcharge, so hopefully that will also provide a small crumb of comfort.

Here's a link:

http://news.bbc.co.uk/1/hi/programmes/working_lunch/7593369.stm