Home | Travel | Business | Bookmark this site!
Travel Insurance

Agents Brokers - Travel Insurance


Agents & BrokersEssential TravelMedibrokerOINCPortwoodTravsure
PulseBeacon1stQuoteAnsellColumbus DirectCitybond Suretravel
NetCoverDirectPost Office™Age ConcernHelp The AgedSAGABUPAChurchill
Insurance ChoiceProtectMyHoliday
ProtectMyHoliday Airline Failure Insurance

Airline Failure Insurance

BBC Review Video

Airlines often add significant charges if paying by credit card compared to debit card. Airline Failure Insurance is reported to provide the additional cover at a lower cost. Dom Littlewood (BBC) provides a Video on how to protect yourself against the threat of your airline going bust: BBC Review

In light of the large number of airlines collapsing International Passenger Protection Limited recently launched the first online holiday financial failure protection website ProtectMyHoliday.com where anyone booking their holiday can purchase a simply online financial protection policy.

Globespan collapse highlights the need for travellers to check their Travel Insurance Protection

International Passenger Protection Limited, the worldwide leader in travel financial failure, advise that the collapse of Globespan demonstrates the necessity for all travellers to check their travel insurance policy to ensure that they have adequate cover for such financial failures.

This follows a warning last month from ProtectMyHoliday.com, the specialist travel protection website, that there would be airline failures over the festive period.

As a budget airline an estimated three quarters of Globespan customers booked their ticket directly via their website. These tickets fall outside of the governments ATOL scheme which protects travel arrangements sold as packages as opposed to an individual component booking.

The success of websites such as www.tripadvisor.com demonstrate the popularity of independent travel providing freedom to consumers to design their travel arrangements to meet their desires. Estimates are now that over 50% of overseas travel from the UK is not sold as part of a package.

The millions of trips which are not ATOL protection are increasingly being covered by travel insurance providers who provide Financial Failure cover on their retail travel insurance policies with sections such as Scheduled Airline Failure and End Supplier Failure.

The cover provides a refund if the loss occurs prior to the trip, which can be put towards making alternative arrangements. If an airline collapses during the trip then the cost of replacement tickets is covered, which are usually several times more than the original ticket value.

For those who do not have cover in their travel insurance policy then stand alone policies are available from www.protectmyholiday.com, where travellers can purchase a tailored policy to financially protect their trip.

With over 60 airlines collapsing since the start of the recession, the airline industry expected to lose €11 billion during 2009 and stabilisation not expected for several years it is important that travellers understand what protection is in place for and what options are available to them.


ProtectMyHoliday.com is a trading name of International Passenger Protection Limited (IPP) formed in 1990.
IPP is the largest and main supplier of Scheduled Airline Failure Insurance (SAFI) and cover for other parts of the holiday in the UK and world-wide operating in over 30 countries.
IPP operates as an underwriting agency on behalf of insurers and re-insurers who’s combined net worth exceeds Euro 100 Billion.

In the twelve months to Mid 2009 some 50 airlines failures occurred including carriers such as MaxJet, Eos, SilverJet, Nationwide, Zoom and XL Airways resulting in the travel industry facing its worse losses in aviation history and passengers stranded overseas.

Record losses are continuing with many industry experts predicting worse to come.

During 2008 oil prices reaching record highs and the world credit crunch effecting banks and preventing them from financially supporting airlines, many more are expected to fail during 2009.

Consumer protection has always been unclear in this respect and many of us take for granted that we are automatically covered. The fact is if you book a holiday independent of a package and a growing number of people are, you could face a lack of financial protection for the elements of your holiday going bust such as the airline.

There is a form of perception that paying for your holiday by credit card will fully protect you but you are usually only covered for transactions over £100 and if your stranded abroad, credit card companies do not cover repatriation costs which are always far more expensive than the original return ticket.

The travel industry has to inform a customer under the Unfair Commercial Practices Directive (UCPD) if any part of their holiday is not financially protected.

In light of the increased Airline collapses, International Passenger Protection Ltd, who operates their financial failure products globally in over 30 countries have launched the first online consumer protection website allowing the public to protect their holiday with one simple online insurance policy.

For peace of mind consumers can purchase a low cost insurance to cover the financial failure of all end suppliers such as Airlines.

ProtectMyHoliday.com is administered by International Passenger Protection Ltd (IPP). IPP is an underwriting agency specialising in financial failure insurance within the travel industry. IPP was formed in May 1990 by its founder and Managing Director, Brian McLean, who had previously 25 years experience in the travel industry. IPP is a family run business with his son Paul Mclean with 14 years previous experience in the Insurance industry.

Today, more than a decade later, IPP has become the world-wide market leader in providing financial failure products to the travel industry and has the support of some of the largest insurance groups in the world. IPP operates in over 30 countries around the world as the largest provider of financial failure / credit insurance type products.

In addition to finding alternatives to the travel industry's own financial protection requirements, IPP with its long standing experience, provides the public with financial protection on many aspects of the modern holiday which are not normally fully protected today.

ProtectMyHoliday.com is the first website of its kind to allow consumers to buy financial failure protection insurance for component parts of their holiday booked in the UK. These include Scheduled airlines, Hotels, Car ferries, Villas abroad & cottages in the UK, Railway journeys (including the Eurostar), Coach journeys, Cruises not bonded, Car hire, Caravan sites / Campsites / Mobile Homes, Camper Rental, Safaris, Excursions, Euro Tunnel and Theme Parks such as Disneyland Paris.

With the economic downturn and soaring oil prices over 30 airlines went bust in 2008. For The One Show, Dom Littlewood looked at protecting yourself from getting stranded abroad - watch his film about airline failure insurance. BBC Review


This insurance is arranged by International Passenger Protection Ltd, the worldwide leaders in providing financial insurance to the travel industry for over 20 years, and underwritten by a consortium of Association of British Insurers member Companies & Lloyds Syndicates.

International Passenger Protection Ltd is authorised and regulated by the Financial Services Authority.

Why ProtectMyHoliday

ProtectMyHoliday was formed to address the gap in consumer protection for independent travellers or people who book direct with airlines and other end suppliers. These travellers (around 50% of people who travel from the UK are not covered by ATOL or any other Government initiative.

At ProtectMyHoliday.com you name who you need protection against and the policy is tailored for your trip so that you can travel with full peace of mind during these turbulent times.


As this is a financial protection policy there are no health requirements.


The policy wording gives you full details of what is and what is not covered and what to do if you need to claim. It is very important that you read the whole of this policy before you travel and make sure the cover is suitable for you. Please make sure that you take it on holiday with you in case of an emergency. A copy of the policy wording is available on request.


The policy covers up to £1,500 per person.


Here are conditions and exclusions that apply to individual sections of the policy and general conditions and exclusions that apply to the whole policy.


As this is a financial protection policy there are no hazardous activity exclusions.


If your cover does not meet your requirements, please return the documentation within 14 days of receipt and your premium will be refunded in full unless you have travelled made a claim or intend to make a claim. Please note that your cancellation rights are no longer valid after this initial 14 day period.


There are no policy excesses.


The policy contains a complaints procedure which tells you what steps you can take if you wish to make a complaint.


Please read the policy wording for full terms and conditions.

Up to £1,500 for each person names on the policy.

International Passenger Protection Ltd
22-26 Station Road
West Wickham
Underwritten by Mapfre Assistance
Citybond SureTravel Travel insurance

FREE cover for over 300 medical conditions and option to include pre-existing medical conditions.
Single trip policies with NO upper age limit.
10% Discount using Know-Insurance.