Protect your holiday - and have peace of mind

Your holidays are too important to risk so protect yourself against the financial failure of the different parts of your trip.

In light of recent tour operator and flight company failures, and in addition to your travel insurance, there is now the opportunity to protect yourself against the insolvency of suppliers such as:

* Airline

* Car hire company
* Hotel
* Other accommodation provider

* Excursion provider

* Theme Parks

While I cannot provide advice about the suitability of products for your individual needs there are specialist companies that provide cover of this nature.

Holiday Letting Shop recently announced its affiliation to one of these specialist providers. The company, Protectmyholiday.com, can arrange protection from as little as £5.

The decision to join the plan was made in view of over 65 airlines collapsing since the start of the recession and record losses continuing in 2010 highlighted by the recent collapse of Globespan. Added to this is the General Public’s confusion as to what is covered under the CAA’s ATOL scheme and use of credit cards reducing due to low cost airlines charging for their use.

Under the FSA regulations, Holiday Letting Shop will not be issuing the policy but merely highlighting that specialist cover is available from companies such as Protectmyholiday.com

Prices start at only £5 per person and policies are provided by the world-wide leaders in supplying financial failure insurances to the travel industry, International Passenger Protection Ltd (www.ipplondon.co.uk). Importantly, security is provided by A rated Insurers (Standard and Poors) with a combined net worth in €100 billion.

‘The cover protects travellers against the liquidation of un-bonded end suppliers and is a quick, simple and effective method of adding the protection missing from many retail travel insurance products. If the failure occurs prior to travel then the Insurance will refund the lost monies. 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’ stated Michael Ward, Sales ad Marketing Manger at International Passenger Protection Ltd (the parent company of Protectmyholiday.com).

On-line policy issuing takes 5 minutes, and the applicant simply selects the cover they need for their airline, car hire company, excursion providers, etc, until they have all the component end suppliers covered.

For further information please click here