XL went into administration today, I myself personally stood to lose out on £900 which was the cost of the package holiday I booked to Gran Canaria for myself and my wife to start in just over a week.

I was very surprised to find that my Columbus travel insurance, like many other travel insurance companies do not cover situations like this where your tour operator / travel agency becomes bankrupt and enters administration. Fortunately for me on this occasion I was able to claim money back through my credit card in full under section 75 of the consumer credit act.

I found out today that there is one big brand travel insurance company that covers airline insolvency, administration, bankruptcy that I will be taking out travel insurance with next time (seems like a pretty fundamental thing for a travel insurance policy to have!). And that is the Post Office travel insurance, if I had not have used a credit card to pay for our holiday and insured with the Post Office travel insurance then I would be entitled to claim my money back for the failure of XL.