Your dream vacation on sailboat!
ASTOI Fund Insurance
Vela Dream Holidays also secures your booking with ASTOI Fund!
Have you secured the booking and the tour package of your holiday?
Sailing with Vela Dream is even more reliable!
Organize you dream holiday with us and payments, including the advance, will be secured by ASTOI Fund.
As of 2017, all our contracts signed by “Holidays S.r.l.” (the partner Tour Operator of Vela Dream) are protected by ASTOI Guarantee Fund per la tutela del viaggiatore.
What is ASTOI Guarantee Fund?
The ASTOI Guarantee Fund (ASsociation of Tour Operators in Italy) is an Association formed on June 29, 2016 under Art. 14 C.C., under the auspices of CONFINDUSTRIA.
The purpose of the Fund is “to collect and manage the financial resources needed to cope with the total or partial failure of the tour package due to the insolvency or failure of the Tour Operator Member“:
- Refund of the price paid for the purchase of the tourist package;
- Immediate return.
What laws it refers to?
It allows, in particular, the Tour Operator Members to comply with the regulatory provisions of paragraphs 2 and 3, shown below, of Art. 50 of the Tourism Code, as last amended by the Art. 9 of the Law n. 115/2015.
- Article 50, paragraph 2: In any case, organized tourism contracts may be assisted by insurance policies that, for travel abroad, guarantee the immediate return of the tourist due to emergencies attributable or not to the behavior of the organizer or intermediary, and that ensure the tourist assistance also of an economic nature. Such policies may also guarantee, in cases of insolvency or bankruptcy of the intermediary or the organizer, the reimbursement of the price paid for the purchase of the tourist package. If the costs of assistance and repatriation are incurred or anticipated by the competent public administration, the insurer is obliged to reimburse directly to him..
- Article 50, paragraph 3: The organizers and intermediaries may form consortiums or other forms of association suitable to collectively provide, including by setting up a special fund, to cover the risks referred to in paragraph 2. The purposes of this paragraph may also be pursued through the involvement of direct in the consortia and other forms of association of companies and associations of the insurance sector, also providing for forms of reinsurance.
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