travel insurance - airline insolvency cover needed!

electron

hi, can someone please tell me this: are there any companies in ireland who would cover me for the event of my flights being cancelled due to an airline bankruptcy?
preferably in a single trip policy, too

i've had a look through AIB's single trip travel insurance T&C http://aib-travelcover.ina-box.co.uk/Documents/AIB/AIB_Lite_Holiday_Travel_PolicyWording_2011a.pdf , and it's neither included nor excluded in the list - which i am taking to mean that in practice it will be excluded. am i right?

from their policy:

CANCELLATION, CURTAILMENT OR

REARRANGEMENT

will pay =

a Public Conveyance

being cancelled or
curtailed because of
adverse weather, industrial
action, strike, riot,
civil commotion or
mechanical breakdown

or derangement

will not pay =

if a strike or industrial
action is public knowledge
when this Policy is
taken out or a Holiday

is booked;
iii. if an aircraft, sea vessel
or train is withdrawn
from service on the orders
of the recognised
regulatory authority in

any country;

no mention of default/insolvency/bankruptcy/"airline failure"

cookie1977

Not sure of specific poicies, you may have to call and ask but I do know if the airline is a member of the itaa
http://www.itaa.ie/
Then you are protected from bankruptcy to some extent. As in they'll get you home at the very least. Check out their site above.

Sheep Shagger

If you pay for the flight using a Visa or MasterCard you should automatically be covered should an airline collapse (not saying you shouldn't have travel insurance for other stuff though).

There should be no need to have special cover as part of a travel insurance policy.

EDIT:actually use these guys and it seems they now airline failure specifically.
http://www.getcover.ie/travel-insurance.aspx

coylemj

Which specific airline are you expecting to go bust have you booked with?

electron

coylemj wrote: »

Which specific airline are you expecting to go bust have you booked with?

hahaha

i don't think im allowed to say this.

btw i paid using someone else's credit card (with their consent, obviously), so im not sure whether it's still covered or not?

electron

Sheep Shagger wrote: »

EDIT:actually use these guys and it seems they now airline failure specifically.
http://www.getcover.ie/travel-insurance.aspx

just found this:

You are not covered for

Any costs resulting from the Insolvency of:
a) Any scheduled airline which is insolvent or in respect of which any prospect of Insolvency is known at the date of issue of the policy.

define "any prospect"