September 18th, 2008
Experts Warn Holiday Goers About Insurance Policies
Consumer experts are reminding the public that securing holidays with the right insurance policy is more important today that it has ever been. The economy is down and the collapse of the XL Leisure Group is only a reminder of how bad things are getting.
British Insurers are advising holiday going families to read their travel insurance policies thoroughly. Many Holiday insurance providers do not cover trips that are cancelled because of air carrier or tour operator going bust. In today’s weakening economy, it may be safer for people to spring for travel insurance policies with extensive coverage. It may be more expensive but at least travelers can rest assured that their Holidays are covered.
Holiday experts are also saying that it may be safer to pay for trips using credit cards or debit cards. A lot of carriers have an easier time refunding clients if they use these modes of Payment.
The XL leisure group collapse was announced on September 12, 2008. As of now, 11 companies associated with XL have been put on administration. The XL Leisure group’s crash is considered the biggest British air carrier/tour group crash ever since 1974. XL once considered itself the biggest tour provider in the United Kingdom.
Anyone needing help getting their money back from XL, please check the Moneysavingsexpert site for help: http://forums.moneysavingexpert.com/showthread.html?t=1152827
