The Association of British Travel Agents (ABTA) has launched a brand new insurance policy designed to protect travellers if holiday products, not protected by an existing financial protection scheme, go bust.
The ABTA Protection Plan will give independent travellers peace of mind for the first time as it protects them against the financial failure of individual holiday components not covered under a current scheme.
These components include car hire, accommodation and airlines, protecting against airline failure, and problems with transport and hotels.
ABTA members who don't currently offer protection under any other scheme will be required to offer the Protection Plan under the ABTA Code of Conduct.
Brian McLean, managing director at IPP, said: "This new concept will provide the more independent traveller with protection that has never been available before and at a nominal cost. It will also give ABTA retailers great added value."
The Protection Plan does not replace the need for conventional travel insurance, however, as it does not offer the breadth of cover needed by most travellers.Click here to ensure you have peace of mind on your holiday this summer.
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