Just received a press release from Michael Ward Sales and Marketing Manager at ProtectMyHoliday who sent a press release entitles
"ProtectMyHoliday predict bankruptcies over the festive season". Over the last two Christmas's a number of airlines collapsed and IPP are expecting a similar impact this year, with the knock on effect to other parts of the travel industry being severe, as those linked to all areas of travel are affected.
Their release is advising:
To ensure you are protected this period please follow the following steps:
1. Air Travel Organisers Licence - If a trip is ATOL protected the holiday company being booked with must either hold an ATOL or be an agent of a company that does, in which case it must tell the customer when they book which ATOL they are protected by, and as soon as money is exchanged, issue an ATOL Receipt to the customer.
2. Check your travel insurance policy. Quality policies are now including cover for Financial Protection under sections like Scheduled Airline Failure (airline only) and End Supplier Failure (airline plus all other suppliers, e.g. hotels, car hire, etc).
3. Take a dedicated policy from an on-line protection website such as ProtectMyHoliday.com. With no excess, this tailor made policy will capture the details of the airline and other suppliers of the trip and produce a unique policy on-line in minutes.
To view the Press Release in full visit the page on the jml-insurance web site Here