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 Insurance of the travel agency against bankruptcy

Travel agency insurance against bankruptcy

Europäische Reiseversicherung AG (Európska cestovná poisťovňa) confirms that the travel agency is insured by course of law No. 281/2001 of the Collection of Laws , It made a contract about the insurance of the package holidays in case of bankrupcy of the travel agency on the sum 16, 250, 000.- SKK.

The insurance is taken out in case that the insured travel agency, because of its bankruptcy or insolvency,

1. will not be able to provide the buyer of the package holiday with all the agreed and ordered services, for example transport from the foreign holiday resort back to Slovakia or to the starting point of the trip, when it was included in the price of the holiday,
2. ir will not be able to return the advance payment or the whole price of the package holiday in case it could not take place, or
3. it will not return the difference in the price between the paid price and the price of the package holiday if it did not take place in the range as it had been originally ordered.

Beginning of the insurance: Jan 1, 2008

The end of the insurance: Dec 31, 2008

The original insurance contract can be seen TU.

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