How can travel insurance help if a company goes bust?
If you’ve booked independently of a holiday package provider and have a travel insurance policy with end supplier failure, you may be able to claim back the cost of your holiday if the hotel or airline goes into administration or suffers insolvency
Not all policies include this, so it’s important to check with the insurance company before you buy. You may be able to add end supplier failure cover to your policy at an extra cost.
It’s also important to buy your travel insurance policy as soon as you’ve booked your holiday, rather than leaving it until the last minute. That way if your hotel or airline goes out of business before you travel, you may be able to make a claim.
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