Most countries don’t have consumer protections as strong as the United Kingdom’s. That is why it is so important to purchase travel insurance before a major trip.
Furthermore, that insurance should never be purchased from the company you’re buying travel from. If it goes belly up, there will be no one answering the phones, and you’ve likely lost your insurance, too.
Only buy policies that protect travelers if a travel company ceases operations—surprisingly, not all policies cover this issue.
To find the right policy for you, we highly recommend searching such marketplaces as InsureMyTrip.com, SquareMouth.com, and TravelInsurance.com.
Read the full Frommer’s article online here: https://www.frommers.com/blogs/arthur-frommer-online/blog_posts/thomas-cook-shuts-down-what-to-do-and-how-to-protect-yourself-now