Travel Agency Bankruptcy: How Not to Lose Your Money and What You Can Actually Do!
Every year, especially during the summer season, we hear more and more about well-known travel agencies going bankrupt. Yes, you read that right – the very agencies that sold you a trip and took your money upfront suddenly vanish! Panic? Totally justified.
Who’s to Blame and What’s Happening?
Travel agencies are required to have insurance and travel guarantees. This means if the agency goes bankrupt, the insurance should cover the loss and refund your money. But is it always that simple? Of course not.
Lawyer Branko Antić explains that the first step is to activate the insurance and file a claim with the insurance company. But to have a chance, you must have all the paperwork – the travel contract, payment confirmation, and general travel conditions. No documents, no money.
How to Protect Yourself Before Buying a Package?
Antić advises that before you pay anything, check if the agency is registered and active in the Business Register. Also, check if they have insurance and the amount of coverage. You can even check the agency’s operations through the National Bank of Serbia – whether they have the proper account numbers where you make payments.
What If You Already Paid and the Agency Goes Bankrupt?
Don’t despair immediately! File a claim with the insurance company and attach all necessary documents. With luck and proper paperwork, the insurance will refund you. But be prepared for waiting and possible complications.
Summer Season and Risks
Summer is the peak travel time but also when these unpleasant situations happen most. Tourists are often vulnerable, especially abroad. That’s why it’s important to be informed and prepared.
Conclusion
Travel agency bankruptcies are nothing new, but that doesn’t mean you’re out of luck. Stay informed, check, keep your documents safe, and don’t pay unverified agencies. If the worst happens, know that insurance can help – you just have to activate it in time.
So, dear travelers, have you ever had a bad experience with a travel agency? Or know someone who has? Share your stories so we can all laugh or cry over our vacation misfortunes! Who knows, maybe your story will save someone’s money and nerves.
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