Will I get a refund if my travel company goes bust?

Will I get a refund if my travel company goes bust?

Air Travel Organisers’ Licence (ATOL) Under the ATOL scheme, if a firm goes out of business your booking will be refunded. If it happens when you are abroad you will be able to finish your holiday and fly home.

What happens if my holiday company goes bust?

Package holidays with flights have ATOL protection to protect you if a travel firm goes bust. All UK firms selling holidays with air travel must be signed up to ATOL (look for the logo, see right). If the worst happens, under ATOL you’ll get a refund for your holiday or an alternative holiday/transport.

Will I lose my money if I cancel my holiday?

You can cancel your holiday plans for personal reasons, but you’ll probably have to pay a termination fee. The cost of the fee is usually a percentage of what you paid, and can increase the closer your trip gets. For example, if you cancel 60 days before it starts, you could lose 50% of its cost.

What does ABTA cover me for?

ABTA’s scheme can provide protection for non-flight based holidays, linked travel arrangements and monies paid to travel agents. ABTA ensures that all of its Members properly protect their package holidays, as required by law. Packages not including a flight are covered by ABTA bonding, or insurance policies.

What does an ATOL certificate cover you for?

ATOL is a UK financial protection scheme and protection applies to most air package holidays sold by UK travel businesses. The law says your holiday must be protected if you book a holiday with a single travel firm that includes: flights and accommodation (including a cruise), or. flights and car hire, or.

Do you have to pay a cancellation fee for a holiday?

You can cancel your holiday without having to pay a fee. You’ll get a full refund but won’t be entitled to any compensation.

Which is better ABTA or ATOL?

What is the difference between ABTA and ATOL? ATOL (Air Travel Organiser’s Licensing) sits alongside ABTA but is specifically designed to cover people who fly. Whereas ABTA covers rail, road, or sea travel holidays. Many ABTA tour operators also provide bonds to the Civil Aviation Authority under the ATOL scheme.

How long does it take for ABTA to pay out?

Payment of the award is due within 21 days from the date it is issued. You can appeal the award within 14 days.

What happens if love holidays cancel my holiday?

For bookings due to travel from and including 1 May 2021, we will refund the entire cost of your holiday within 14 days of the booking’s cancellation date. You’ll also have the right of cancellation or full refund, if you cancelled your holiday in circumstances under regulation 12(7) of the Package Travel Regulations.