End Supplier Failure

[smurfchops]

I have taken out End Supplier Failure on my travel insurance, we are going on a coach holiday. If the coach tour company goes bust am l covered for a full refund?

[Buenchico]

Yes.
https://www.comparethemarket.com/travel-insurance/content/end-supplier-failure/

[Buenchico]

. . . unless, of course, there's an 'excess' written into the policy.

[smurfchops]

At the bottom of everything covered it says excess £65, is it still ok?

[jno]

presumably that means a refund minus £65?

[smurfchops]

Hopefully, that would be fine.

[zebo]

If the travel company is part of ABTA then do they not cover losses in the case of the companyu going bust?

[Buenchico]

^^^ Very few coach holiday companies are ABTA members, Zebo. The 'old' Shearings (that went bust) was but the 'new' Shearings (which is actually part of Leger Holidays) isn't. Neither is their parent company. Wallace Arnold were in ABTA but they went bust too.

Other big coach holiday operators, such as National Holidays, Grand UK Holidays, etc, aren't members of ABTA and neither are smaller local companies. That's probably because they haven't got the capital to put up the massive bonds that ABTA requires from its members. They prefer instead to offer their customers insurance policies, which (among other things) includes the possibility of them going bust.