Airline failure cover now standard from Saga Insurance

Saga Insurance is now offering airline failure cover as standard in its travel insurance packages.

The over-50’s insurance specialist said its decision to include the cover as standard was prompted by the recent series of bankruptcies to high-profile airlines, including XL Airways and SilverJet.

Airlines are being squeezed by the credit crunch, leaving travellers at greater risk of losing out on their holiday plans because of airline collapses, Saga said.

People who book their flights independently are the most at risk from airline failure because package tour operators usually provide insurance cover against airlines going bust, Saga added.

Saga’s cover offers up to £1,500 for each insured traveller, covering the cost of flights paid for in advance, or the cost of return flights to the UK.

The cover is effective for new policies purchased from 2nd January, and for annual renewals from 25th January.

Saga head of communications Paul Green said airline failure cover will allow independent travellers to ‘travel with confidence’.

Discuss this in the Finance Markets forums

Story link: Airline failure cover now standard from Saga Insurance