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Direct Line: Insure against airline closure
With more than 60 airlines going out of business during the economic crisis of the past two years, a leading insurer has unveiled a new plan to protect against sudden closure.
Direct Line has begun including insurance against the closure of an airline in its travel package, as well as failures from hotels, accommodation and vehicle-hire companies.
Jennifer Thomas, a spokeswoman for Direct Line travel insurance, said that the increase in travellers booking their holidays directly with hotels and airlines makes it "more essential than ever to have insurance in case these firms fail, as there is no protection from schemes such as ATOL [Air Traffic Organisers' Licensing] or ABTA [Association of British Travel Agents] if booked direct."
"With our updated travel insurance policies, our customers can now travel with increased peace of mind, knowing that they will be covered in the unfortunate event of a supplier's collapse," she added.
According to the Foreign Office, falling ill or having an accident while on holiday could cost holidaymakers in excess of £45,000 if they do not have adequate travel insurance.
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Direct Line has begun including insurance against the closure of an airline in its travel package, as well as failures from hotels, accommodation and vehicle-hire companies.
Jennifer Thomas, a spokeswoman for Direct Line travel insurance, said that the increase in travellers booking their holidays directly with hotels and airlines makes it "more essential than ever to have insurance in case these firms fail, as there is no protection from schemes such as ATOL [Air Traffic Organisers' Licensing] or ABTA [Association of British Travel Agents] if booked direct."
"With our updated travel insurance policies, our customers can now travel with increased peace of mind, knowing that they will be covered in the unfortunate event of a supplier's collapse," she added.
According to the Foreign Office, falling ill or having an accident while on holiday could cost holidaymakers in excess of £45,000 if they do not have adequate travel insurance.
© Copyright
Published: 17/12/2009
The information in this article was correct at the time of publication and contains time sensitive data and links, it may not be accurate at the time of reading.