There are factors outside of the control of all travellers; such as an airline or travel agent going bust, which can ruin even the best-planned holiday.
LV= has launched a premier travel insurance that covers travellers for costs incurred by factors outside their control. Not only are holidaymakers covered for any money paid to an end supplier such as an airline or hotel, which then goes bust but they are also covered for additional or lost costs incurred as a result of this up. As well as covering delays in the UK, the new product also covers costs incurred by travellers delayed after they have left the UK and subsequently miss onward connections or have to abandon their holiday. This is ideal for those on multi-destination holidays and is often excluded from standard travel insurance policies.