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Scheduled Airline Failure Indemnity
Scheduled Airline Failure Insurance
**STOP PRESS*
The dramatic collapse of Globespan has again highlighted the deficiency of the current arrangements for providing consumer protection...
Out of the 4,500 passengers stranded overseas only 1,100 were on packages and therefore protected under the ATOL scheme. The remaining 3,400 seat only passengers will all have to pay their own way home unless they were fortunate enough to be covered for airline failure through their travel insurance or through their travel agents Scheduled Airline Failure Insurance (SAFI).
The picture is even bleaker when looking at forward bookings with only 27,000 people covered under the ATOL scheme but 90,000 seat only passengers not benefitting from ATOL protection.
Fortunately, a good deal of Advantage members in Scotland will be able to look after their “Globespan” customers as they had protection under the Advantage SAFI scheme. The beauty of the scheme is that it is the member/agent who is protected hence allowing you to claim for any monies paid to the failed airline and then be able to refund or more importantly re-book your valuable client.
To find out more about how Advantage’s Scheduled Airline Failure Insurance can help you protect your agency while looking after your customers contact:
Andrew Donnelly – 0207 324 3957 or email Andrewd@advantagetravelcentres.com
Want a quote?
If you are interested in receiving a quotation, simply complete the application form and return it along with an excel spreadsheet detailing the following:-
• List of tickets issued per Airline for a 12 month period (estimated or actual)
• Total value of tickets per Airline for a 12 month period (estimated or actual)
Download the application form here: 
SAFI Application form.pdf
Read the policy wording here: CORPORATE SAFI policy wording.pdf
You can return this information to us either by email or fax and we can provide a quote within 48 hours.
Please take care to enter all the airlines you use or plan to use in the appropriate section to ensure the most accurate quotation
P.S. We can also provide additional cover to protect you and your customer against the failure of any travel supplier under our Supplier Failure Insurance scheme.
REMEMBER:
If you are acting as a principal and selling packages to your customers then as you are no doubt well aware, you are liable to your customers for the delivery of all the elements of that package.
So what happens when one of your suppliers goes bust? Without insurance you would have to use your own funds to either re-book or refund your customer.
However, you can protect your operation by having either Scheduled Airline Failure Insurance, protecting you specifically against any losses following the financial failure of an airline (including “no frills”). If you want to have more comprehensive protection, you can opt for Complete Supplier Failure Insurance that will provide cover to your operation against the financial failure of any supplier (not bonded elsewhere). You even have the option to only cover non- airline suppliers with Supplier Failure Insurance.
For more information contact ;
Andrew Donnelly – 0207 3243957
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