Consumers advised to think carefully about their holiday insurance

Whilst the summer holidays are pretty much over there may still be many people that are looking to book a winter holiday or even book their break for spring of next year. However, for many holidaymakers the various horror stories about airlines and holiday firms going bust has made them nervous about who they book with.

Over the course of 2009 over fifty airlines and travel companies went bust, and this has continued into 2010. For travellers that were not ATOL protected this meant losing money hand over first, losing their holiday, and even being stranded abroad unable to get back for lengthy periods.

Whilst many travellers and holidaymakers would never have dreamt about going abroad without any form of travel insurance anyway there are now many that may be reconsidering which policy they take out. This is because many travel insurance policies in the past have not covered policyholders in the event that their airline or travel firm goes bust, and this is something that is now making people more nervous than ever.

Given the number of travel firms and airlines that have gone bust over the past couple of years a number of insurance firms are now offering more comprehensive policies that will cover travellers in the event of the airline or travel firm going bust. Whilst these policies may be more expensive that standard policies it is likely to be well worth the peace of mind for many travellers.

A number of travel insurance firms are now adding this clause to their policies, and consumers that are planning to travel are advised to check the policies carefully to ensure that they are actually covered if there are problems such as the airline or holiday firm going under.

Tags: Insurance, travel firms, travel insurance firms, airline, travel insurance