Ayax extends its airline bankruptcy coverage
AYAX continues adapting to the markets needs and extends its airline bankruptcy coverage by insuring against the bankruptcy of final suppliers.
In such a changing environment, not only the airline industry is being hurt, but all service providers related to the tourism sector are suffering the consequences of the current situation. Large companies such as the American Herzt, dedicated to car rental and with more than 100 years in the market, have declared bankruptcy in recent weeks after their business almost disappeared during the coronavirus pandemic due to travel restrictions imposed by the governments of each country.
Now, this type of risk would also be covered by AYAX with the End Supplier Bankruptcy Insurance, a coverage included in all travel insurance policies issued with AYAX, which guarantees the tranquility of the insured by offering reimbursement of the cost caused by bankruptcy or insolvency before and after the departure not only of airlines, but also of any type of travel/leisure end supplier: