Holiday Extras offers financial failure cover to agents
Holiday Extras has joined forces with International Passenger Protection Limited (IPP) to offer agents End Supplier Financial Failure cover on their retail travel insurance products.
“We are seeing a rapid growth in travel insurance policies including this cover as consumer realise the shortfall in cover provided by the Governments ATOL scheme,†said IPP sales and marketing manager Michael Ward.
“The cover itself protects travellers against the insolvency of un-bonded end suppliers up to £5,000 per person with a nil policy excess, so it addresses the needs of the complete cross-section of travellers from the budget weekend trip to long haul vacation.
“If the failure occurs prior to travel then the insurance will refund the lost ticket money. If the failure occurs during the trip then the insurance covers an equivalent return ticket, which usually costs much more then the original ticket price.â€
Agents can select whether or not their product will include the cover.
Holiday Extras said early indications are that most agents will include the extension.
By Bev Fearis
Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Phocuswright reveals the world's largest travel markets in volume in 2025
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
In Italy, the Meloni government congratulates itself for its tourism achievements
Singapore to forbid entry to undesirable travelers with new no-boarding directive