Insurance info if Thomas cook goes bust

[myaquarium]

I’m hoping not to cause alarm here. But we have a flight booked with Thomas cook separate to our Disney holiday so it’s not a package.
Hopefully Thomas cook will sort out its problems but in the worst case scenario and they went bust would we be able to claim on our holiday insurance, which is an annual Barclays insurance, for the accommodation part of our holidays. Do we need a separate insurance or an add on. We paid for our flights with a credit card so that does not worry me.
There’s a lot of talk on the tv about takeovers etc. So I’m hoping it gets sorted and not hoping to cause alarm.

[sprocket]

I would phone Barclays insurance and check. Sometimes you need an add on to cover cancellations due to airline failure. Some policies even have exclusions for DIY holidays.
Although the holiday would be cancelled by airline failure, your insurance may say otherwise as they always try to pass the buck. Of course they will also look into the cancellation policy for the hotel, so if you booked via Disney holidays and had to cancel in time, they would only cover the £50 deposit per person. Often tickets etc arent covered.

[myaquarium]

Update. I contacted Barclays and I’m not covered for any part of my holiday if Thomas cook went bust. They don’t have an add on for companies going insolvent.
Does anybody know were you can get this cover.

[Festersaint]

Originally Posted by myaquarium

Update. I contacted Barclays and I’m not covered for any part of my holiday if Thomas cook went bust. They don’t have an add on for companies going insolvent.
Does anybody know were you can get this cover.

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The problem you'll have now is that it's in the public domain that they are in doo doo, so any insurance company with a bit of smarts isn't going to pay out on them going under. I would be slightly more reassured that the fact they are so big and there is so much interest from other businesses in them that they wont fold, they'll get bought out instead. The market, particularly at this time of year, is too lucrative to let them slide. I know it's easy to say from someone unaffected by their issues, but if I was in your situation I genuinely wouldn't be stressing too much.

[jim jehosofat]

Originally Posted by myaquarium

Update. I contacted Barclays and I’m not covered for any part of my holiday if Thomas cook went bust. They don’t have an add on for companies going insolvent.
Does anybody know were you can get this cover.

See more...

At this stage in Thomas Cook's affairs the answer would most likely be nowhere as I don't think that any underwriters would take on the risk.

[Pigmyhippo]

I've booked through holiday extras, booked from a Moneysupermarket search. Paid £84 for the family for 3 weeks, so not the cheapest, but was rated highly.

Policy states.

A2 If your scheduled airline stops trading
Cover for any amounts already paid and unused for your flight if the scheduled airline on which you are booked to travel stops trading before your departure. £1,500

Conditions

 your flight is booked independently of your accommodation and you have not been
offered an alternative/refund from any other agent.
 the scheduled airline is not in administration or, in the USA and Canada, in Chapter 11 at the time of taking out your policy.

[Quensabob]

facebook/18881967767...334899&sfns=mo
Statement from the Thomas Cook CEO

[JoJoBell]

We fly a week today and have to admit I am a bit anxious

Think this week is going to drag

[Bugsy]

Originally Posted by JoJoBell

We fly a week today and have to admit I am a bit anxious

Think this week is going to drag

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I understand, we go in 6 weeks and I’m anxious as well.

However, all the available info shows that TC will be fine this summer. In fact Citigroup expect their debt to reduce by around £600m in the summer.

[myaquarium]

I have paid for my flights with a credit card but the dilemma is paying Disney my balance in June. If I pay with a credit card will that give me cover.