Rock Insurance launches cruise protection policy designed for agents
Rock Insurance is launching a new Cruise Protection Cover policy specifically designed for agents who are dynamically packaging cruise breaks on behalf of their customers. The cover includes cruise abandonment cover which safeguards agency money spent on travel arrangements on behalf of the customer, in the event of a passenger abandoning a trip. The policy also provides benefit payments to the customer of £20 per person for every six hours they are delayed, while also covering agents for additional accommodation and travel expenses spent in getting a customer to the next port, should they have missed the start of the cruise. The policy offers cover of up to £1,500 although there are a number of terms and conditions which must be met before a payment can be made. The premium can be raised to £5,000 with additional payments. However, because the policy is a commercial product, agents do not need to be regulated by the Financial Services Authority.