Insurance Update

Intermundial has presented a couple of days in the Spanish capital, an innovative model of insurance in the Iberian market, which is already operating in different territories such as Britain, where it is termed the ATOL system. This new policy is known as the Passenger Protection Certificate (CPV), and can be taken by the various wholesale tour operators to be included in their packages around the world.

This policy does not involve additional expenditure for the person you hire a travel or the travel agency, it will be the wholesale tour operator who assumes the value according to the number of travelers to mobilize. Anyway, the cost will never be in excess of € 5 per person, according to the words of CEO Intermundial, Manuel Lopez.

In the words of CEO AMAVE, Ruperto Dona, one of the main benefits is that when there are strikes in one of the tour operators, travelers who are on a journey not even be given a blind eye. This is achieved by the lodging, travel and other services are assumed by other tour operators covering the same routes. However, it is very important that the traveler has sufficiently clear what the tour operators that have signed the CPV, and recognize the advantages that it includes both the wholesalers to end users.

So far we have confirmed the hiring of this new insurance wholesale tour operators Ambassador Tours, Royal Holiday Politours, and is likely to sooner or later, almost all members of AMAVE end up adopting this policy.

Lopez continues, and does not hesitate to say that the arrival of the CPV is the answer to a difficulty many years ago, and which ensures the traveler accommodations, food and the way back if the tour operator stopped their business. This implies a greater unity throughout the tourism sector.

Within the short-term plans is the creation of a crisis committee, which will act when the work stoppage this commercial tour operator. This committee will participate in the tour operator that has problems, the insurance company Intermundial, associations and groups of travelers and tour operators related to CPV.

However, tour operators with the intention of the insurance will have to demonstrate a minimum level of liquidity, in the words of Javier del Nogal, administrative Intermundial.

In Spain had already experimented with a similar policy known as Air Travel Organisers Licensing (ATOL) also originated in the British Isles, and in the same way that the CPV is designed to cover passengers in the event of bankruptcy of a tour operator. According to information from ATOL, if a wholesaler linked ATOL can not meet its obligations, the system ensures travelers ATOL commitment to the policyholder to return to the city of origin, without additional costs.

Possibility Related Posts:

• Calculate Travel Insurance Cost
  Travel insurance helps cover the cost of travel-related incidents such as lost luggage, medical expenses while traveling and even the cancellation of a trip. This insurance can be purchased from tr...
• Travel Insurance Requirements
  The last thing you may think about when planning a relaxing vacation is illness and natural disasters, but unfortunately events like these sometimes happen. To avoid adding insult to injury by losing ...
• Travel Insurance: Yes or No?
  Before going on a trip, perhaps you wonder whether you should buy travel insurance coverage or not. This is an overlooked form of insurance that can provide you with some valuable benefits. At the sam...
• Private Insurance Plan Changes
  Since the Government has determined that the promise to remove the tax lien to a private mutual health will no longer be held. It is worth remembering that this proposal was launched in full election...
• Insurance for a possible plant accident
  Japanese authorities have endorsed a set of measures intended to alleviate the plight of Tokyo Electric Power (TEPCO), due to the high compensation that will pay for the accident of the nuclear plant ...