Quote:
Originally Posted by StevenW
A great deal of travel insurance (I'd go so far as to say most) does not include cover for an airline (or any other entity related to a customers travel) becoming insolvent, and as such would be of absolutely no use if Air Australia is insolvent.
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The travel insurance product I normally buy DOES cover insolvency (although not all the products from that provider do cover it) but I notice with interest that they specifically excluded Strategic/Air Australia from policies issued on or after 21 Dec, the date on which they wrote the exclusion into an addendum to their PDS. For what it's worth, insolvency is defined by them to include the appointment of administrators.