Scheduled Airline Failure Insurance

Scheduled Airline Failure Insurance is issued on a corporate basis, covering the travel agent, tour operator or consolidator against the failure of a scheduled airline.  The usual sum insured is £1,500 per passenger.

For a quotation a simple proposal form is needed, giving brief information about the proposer, and a list of all airlines to be used, with a note of the anticipated passenger numbers for each airline. 

A Scheduled Airline Failure Insurance quotation will be provided as a premium per passenger.  A 25% minimum and deposit premium will be required to activate the cover, with declarations (monthly or quarterly as arranged) thereafter, with additional premiums payable once the deposit premium is exhausted.

Scheduled Airline Failure Insurance - Brief Details of Cover Provided:

• Costs relating to the cancellation due to the bankruptcy / liquidation of the airline prior to flight departure
• The cost of a return flight to the UK, or onward flight(s) to complete the pre-arranged journey, at the same standard as that booked

Scheduled Airline Failure Insurance - Main Exclusions:

• Claims arising from existing or publicly declared airline failure or collapse on or before the date of booking the trip
• Airlines that are in Chapter 11 or bankruptcy protection on or before the date of booking the trip

One of the benefits of this Scheduled Airline Failure Insurance is that only a deposit premium needs be paid at the start, additional premiums being payable as and when passenger numbers increase.