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Travel Insurance & Holiday Vouchers

Hi,

As with many people our summer holiday has been cancelled and we are faced with the prospect of 100% refund or 125% value voucher for our holiday this summer,
Only issue being is if the company goes bust the vouchers will be worthless.
We have travel insurance in place however does travel insurance cover the value of a voucher if a travel company goes under??

Comments

  • Browntoa
    Browntoa Posts: 49,622 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Have you read the abta article about RCNs ?

    The only unprotected part is the 25% extra , the rest can be claimed back as cash down the line.

    About half way down

    https://www.abta.com/news/coronavirus-outbreak
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    Long term forum member
  • sheramber
    sheramber Posts: 24,491 Forumite
    Part of the Furniture 10,000 Posts I've been Money Tipped! Name Dropper
     The OP says he has been offered a voucher. A voucher is not the same as a RCN.  Vouchers are not protected.  
    I think you will find your  travel  insurance will not cover you once you accept a voucher. Phone them and ask them.
  • maman
    maman Posts: 30,507 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    It could just be inaccurate use of language. Some people are calling them refund vouchers. 
  • Browntoa
    Browntoa Posts: 49,622 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    It's a RCN.

    Only company doing a top up voucher is TUI 
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  • sheramber
    sheramber Posts: 24,491 Forumite
    Part of the Furniture 10,000 Posts I've been Money Tipped! Name Dropper
    How do you know the OP didn't book with TUI?
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