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TRAVELFUND PROVIDES ROCK SOLID INSURANCE

Published by Gbaf News

Posted on September 4, 2014

2 min read

· Last updated: November 27, 2018

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Travelfund signs ROCK to provide its supplier failure insurance,ultimately providing travellers with complete protection

Travelfund Partners With ROCK Insurance

Travelfund, the innovative first-to-market virtual storecard for travel, has signed an agreement with industry specialists, ROCK Insurance, to provide its supplier failure insurance.

Comprehensive Protection for Travellers

travel fundOperating under the brand of Fly Now, Pay Later, customers of Travelfund will now enjoy the market leading suite of products offered by ROCK, an established supplier of insurance to the travel industry. Under the new agreement, passengers are guaranteed a refund, replacement or repatriation in the event of carrier or supplier failure. This move puts Travelfund customers on solid ground, both before and during travel, filling any gaps in consumer protection that may not have been covered by ATOL or ABTA.

ROCK Insurance Expands Industry Presence

The Travelfund win is yet more good news for ROCK who recently secured a long term agreement with the Midcounties Cooperative, the UK’s leading independent travel agent.

Executive Perspectives on the Partnership

Jasper Dykes, TravelFund’s CEO, commented: “Today’s agreement is fantastic news for Travelfund, our partners and customers. The industry experience and knowhow of Rock mean our customers will have the very best protection available, ensuring they can book and fly secure in the knowledge that they will never have to pay for a service they don’t receive”.

Antony Martin, ROCK’s MD said: “We are delighted to be partnering such an innovative company as Travelfund and look forward to working closely together.”

Key Takeaways

  • Travelfund has partnered with ROCK Insurance to offer supplier failure insurance under its Fly Now, Pay Later service.
  • Customers receive refund, replacement, or repatriation if a carrier or supplier fails, beyond ATOL or ABTA protections.
  • The agreement strengthens Travelfund’s customer security by covering gaps in typical consumer protection.
  • ROCK Insurance also recently secured a long-term agreement with Midcounties Co‑operative, boosting their market foothold.

References

Frequently Asked Questions

What is Travelfund’s new insurance offering?
Supplier failure insurance provided by ROCK Insurance under the Fly Now, Pay Later scheme, covering refunds, replacements or repatriation if a supplier fails.
What does supplier failure insurance cover?
It guarantees a refund, replacement service or repatriation for passengers if a carrier or supplier fails, filling gaps beyond ATOL or ABTA protections.
Why is this partnership significant?
It gives Travelfund customers enhanced protection and peace of mind by backing travel purchases with robust insurance from an established provider.
Has ROCK Insurance secured other major deals recently?
Yes, ROCK recently signed a long-term agreement with the Midcounties Co‑operative, a leading UK independent travel agent.

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