The recent demise of airlines such as Zoom and XL has left Brits worrying about their travel insurance. moneysupermarket.com reveals only four insurers offer cover for scheduled airline failure as standard and warns travellers not to be caught short.
For extra peace of mind another insurer, Swiftcover, does offer scheduled airline cover as an add-on to your existing cover, for an additional £11. Budget airlines Ryanair and easyJet also offer scheduled airline failure, as a £1 add on and as standard respectively, when buying insurance alongside flights directly.
Peter Gerrard, head of insurance research at price comparison website moneysupermarket.com, says: “It is surprising to see there are only a handful of insurers offering cover for scheduled airline failure as standard. Do not assume you will always be covered. It is important to read the small print of your policy. As the significance of this type of cover becomes more apparent, the good news for travellers is in the future more insurers will recognise the value of scheduled airline cover and add it to their policies, albeit at a premium."
Travel insurance: News update: September 2008