Supplier Failure Cover from Insurefor.com

Supplier Failure Cover (SFC) is a new product from Insurefor.com, designed to protect consumers when an airline, hotel, car hire company or tour operator ceases to trade. At just £4 for a single trip policy and £8 for an annual policy, regardless of length of stay or destination, it’s not worth booking a holiday without it.

SFC should be purchased alongside a traditional travel insurance product. The policy protects clients for a value of up to £5,000 and will reimburse up to that much towards the cost of a new flight, for example, regardless of the original ticket cost.

SFC has been designed to offer cover to the ATOL cover but with a number of enhancements to give you even better protection. The key areas are as follows:

ATOL does not cover airline failure, this does
ATOL does not cover non-air holidays, this does
ATOL does not cover accommodation only, this does
ATOL does not cover the customer if the airline or operator simply cancels the flight, this does

Key benefits

24 hour help line

In the same way that ATOL provides a service to re-book elements or all of the holiday that have failed this will be covered

Accommodation, transfers, car hire, all covered under this policy

Up to £5,000 cover if the airline cancels the flight and cannot offer an alternative within 12 hours, even if the original flight cost £1 or was received free through a low cost carrier

Travels knowing that you are fully covered in the event of a problem whilst travelling - ‘better’ protection than ATOL would provide

Backed by a big name insurer – Europ Assistance

Optional cover

Up to £5,000 cover if the airline delays the flight and cannot offer an alternative within 12 hours, even if the customer has paid £1 or received the flight for free through a low cost carrier

Supplier Failure Insurance wording

What is covered
1) We will pay up to £5,000 for each Insured Person for any financial loss You suffer, being non-refundable deposits and amounts You have paid (or have contracted to pay), where You are unable to commence Your Trip because one of the third party providers of Your Trip has become insolvent and it is impossible to replace that element of Your Trip. You may claim only under this Section – Dynamic Packaging Protection or Section 6 – Cancellation, Curtailment & Trip Interruption, not both.

2) If one of the third party providers of Your Trip has become insolvent and it is possible to replace that element of the Trip, we will pay up to £5,000 for each Insured Person for the cost of replacing that element.

3) If the flight, sea crossing, coach or train is cancelled and no alternative provided within 12 hours of the intended departure time We will pay for the cost of buying a replacement ticket up to a maximum of £5,000 for each Insured person.

Special conditions relating to claims

You must obtain written confirmation from the liquidator that the third party provider has become insolvent.

If your flight, sea crossing, coach or train is cancelled and no alternative provided within 12 hours You must obtain written confirmation from the carrier stating the period and reason for the cancellation.

What is not covered
a) The Policy Excess;
b) Any costs incurred by you which are recoverable or for which you receive or are expected to receive compensation;
c) Any costs which you would have expected to pay during your Trip;
d) Any costs recoverable from any company who is bonded or insured elsewhere;
e) Anything mentioned in the General Exclusions.

For further information, visit insurefor.com