Insurance broker / Travel organiser insolvency insurance / Policy wording archive Travel insolvency cover
Deutscher Reisesicherungsfonds (DRSF) DRSF Absicherung für Reiseveranstalter: the policy wording in full
Insolvenzabsicherung über den Deutschen Reisesicherungsfonds mit direktem Anspruch der Reisenden, Rückbeförderung und Unterkunft, gegen Sicherheitsleistung und umsatzabhängiges Entgelt.
German market: tariffs for people living in Germany.
Done in two minutes: your details are enough, we take care of the rest.
- Free for you, same price as going direct
- 4.97 out of 5 stars from 5,048 reviews
- On your side when you claim
Take out this policy through NAMMERT
You have already worked out with your AI what fits you.
All we need now are your details and a few answers.
We prepare your application with Deutscher Reisesicherungsfonds (DRSF).
- AI has advised
- 2Your details
- Application to Deutscher Reisesicherungsfonds (DRSF)
Thank you, we have your application.
We prepare it with Deutscher Reisesicherungsfonds (DRSF) and get back to you with the documents.
Everything about this policy
What the policy covers: 60 points, each with its clause
Quotes are shortened.
The full German wording of each point is on the German page for Deutscher Reisesicherungsfonds
(DRSF) DRSF Absicherung für Reiseveranstalter.
Basics
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Sum insured or maximum liability per insolvency | as stated in the policy schedule | ||
| Liability cap for small organisers (in Germany EUR 1m per insolvency if turnover is below EUR 3m) | not addressed | ||
| Annual aggregate limit for all insolvencies in an insurance year | not addressed | ||
| Pro rata reduction if all travellers' claims exceed the maximum | not addressed | ||
| Sum insured based on package travel turnover (previous or planned year) | yes | „mit welchem der maßgebliche Umsatz des Reiseanbieters“ | Ziffer 6.8, page 4 |
| Security certificate for travellers issued by the insurer | yes | „Der Reisesicherungsfonds stellt dem Reiseanbieter die Muster der Sicherungsscheine als …“ | Ziffer 4.1, page 3 |
| Time limit of the security certificate | yes | „Die Befristung entspricht einem Zeitraum von 12 Monaten.“ | Ziffer 4.1, page 3 |
| Direct claim of the traveller against the insurer | yes | „Inhaber der Ansprüche aus dem Absicherungsvertrag sind nur die Reisenden. Sie können …“ | Ziffer 3.1, page 3 |
| Minimum contract term (in Austria at least 12 months) | no | „Der Absicherungsvertrags beginnt zum vereinbarten Zeitpunkt und läuft auf unbestimmte …“ | Ziffer 9.1, page 6 |
Benefits for travellers
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Refund of the travel price paid if the trip is cancelled | yes | „erstattet gegenüber Reisenden den gezahlten Reisepreis, soweit Reiseleistungen ausfallen“ | Ziffer 2.1, page 3 |
| Deposits covered | yes | „erstattet gegenüber Reisenden den gezahlten Reisepreis, soweit Reiseleistungen ausfallen“ | Ziffer 2.1, page 3 |
| Balance paid before departure covered | yes | „erstattet gegenüber Reisenden den gezahlten Reisepreis, soweit Reiseleistungen ausfallen“ | Ziffer 2.1, page 3 |
| Repatriation if transport is part of the package | yes | „die vereinbarte Rückbeförderung des Reisenden“ | Ziffer 2.2, page 3 |
| Accommodation until repatriation | yes | „die Beherbergung des Reisenden bis zum Zeitpunkt der Rückbeförderung“ | Ziffer 2.2, page 3 |
| Continuation of the trip instead of refund | yes | „Der Reisesicherungsfonds kann im Fall der Zahlungsunfähigkeit Reisenden die Fortsetzung …“ | Ziffer 2.3, page 3 |
| Refund of payments demanded on site by service providers because of the insolvency | yes | „Reisende im Hinblick auf erbrachte Reiseleistungen Zahlungsaufforderungen von …“ | Ziffer 2.1, page 3 |
| Additional costs during the trip caused by the insolvency | not addressed | ||
| Linked travel arrangements covered | yes | „Vermittler verbundener Reiseleistungen im Sinne des § 651w Abs. 1 BGB“ | Ziffer 1.4, page 3 |
| Single services and arranged services covered | not addressed | ||
| Payments to travel agents treated as payments to the organiser | not addressed | ||
| Travel vouchers of the organiser covered | not addressed | ||
| Business trips and trips for clubs or schools covered | not addressed |
Insured event
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Opening of insolvency proceedings against the organiser | yes | „Der Zahlungsunfähigkeit des Reiseanbieters steht die Eröffnung des Insolvenzverfahrens …“ | Ziffer 2.4, page 2 |
| Insolvency petition rejected for lack of assets | yes | „die Abweisung eines Eröffnungsantrags mangels Masse gleich.“ | Ziffer 2.4, page 3 |
| Inability to pay without petition (stop of payments) | yes | „Der Reisesicherungsfonds leistet im Falle einer Zahlungsunfähigkeit des Reiseanbieters“ | Ziffer 2.1, page 3 |
| Cessation of business as trigger | not addressed | ||
| Failure due to insolvency of a supplier (airline, hotel) covered | not addressed | ||
| Cover also during the trip after departure | yes | „die Beherbergung des Reisenden bis zum Zeitpunkt der Rückbeförderung“ | Ziffer 2.2, page 3 |
Exclusions and limits
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Exclusion of failures not caused by insolvency | not addressed | ||
| Exclusion for travel warnings, pandemics or force majeure | not addressed | ||
| Exclusion of deposits above the permitted amount | not addressed | ||
| Exclusion of balances paid earlier than permitted | not addressed | ||
| Exclusion of consequential loss and lost holiday enjoyment | not addressed | ||
| Exclusion of trips by the organiser, its owners or staff | not addressed | ||
| Exclusion of payments made without a security certificate | not addressed | ||
| Exclusion for fraud or intent of the traveller | not addressed |
Claims handling for travellers
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Deadline for travellers to file claims | not addressed | ||
| Required evidence (certificate, booking confirmation, receipt) | not addressed | ||
| Time limit for payment to the traveller | yes | „wird der Reisesicherungsfonds diesen Anspruch unverzüglich erfüllen.“ | Ziffer 2.3, page 3 |
| Traveller's claims against the organiser pass to the insurer | yes | „Ansprüche von Reisenden gegen den Reiseanbieter gehen auf den Reisesicherungsfonds …“ | Ziffer 15.1, page 9 |
| Claims handler for travellers named | yes | „einen oder mehrere Schadendienstleister ein.“ | Ziffer 14.1, page 9 |
Organiser's obligations and framework
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Collateral required from the organiser | yes | „Der Reisesicherungsfonds wird den Abschluss und Fortbestand des Absicherungsvertrags …“ | Ziffer 6.1, page 4 |
| Recourse of the insurer against the organiser | yes | „Der Reiseanbieter hat dem Reisesicherungsfonds die vom Reisesicherungsfonds im …“ | Ziffer 16.1, page 8 |
| Duty to report turnover and bookings | yes | „Nach Ende eines jeden Absicherungsjahres oder nach Ende des Absicherungsvertrages wird …“ | Ziffer 13.6, page 8 |
| Duty to submit financial statements | yes | „alle aus Sicht des Reisesicherungsfonds benötigten Unterlagen zur Prüfung des …“ | Ziffer 8.1, page 6 |
| Maximum deposit as a percentage of the price | not addressed | ||
| Earliest due date of the balance before departure | not addressed | ||
| Insurer's right to terminate if creditworthiness worsens | yes | „Der Reisesicherungsfonds wird die außerordentliche Kündigung erklären, wenn ein …“ | Ziffer 10.3, page 5 |
| Run-off cover for certificates issued before termination | yes | „Die Einstandspflicht des Reisesicherungsfonds gegenüber Reisenden, deren …“ | Ziffer 9.5, page 6 |
| Premium based on turnover and creditworthiness | yes | „Das Entgelt gemäß § 7 RSG wird als Prozentsatz des Umsatzes festgesetzt.“ | Ziffer 13.1, page 7 |
| Fees per issued certificate | not addressed | ||
| Deductible or own share of the organiser | not addressed |
Market specifics
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Germany: guarantee for the German travel security fund | yes | „eine Versicherung bei einem im Inland zum Betrieb der Kautionsversicherung befugten …“ | Ziffer 6.4, page 4 |
| Germany: statutory certificate form and EEA organisers | yes | „den Reisenden nach Maßgabe des Art. 252 EGBGB zutreffend ausgefüllt in Textform zu …“ | Ziffer 4.3, page 3 |
| Austria: entry in the travel insolvency register (GISA) | not addressed | ||
| Austria: notice of changes to the ministry within 8 days | not addressed | ||
| Austria: minimum EUR 13,000, 18 % of annual or 50 % of peak month turnover | not addressed | ||
| Spain: guarantee of 5 % of package turnover, at least EUR 100,000 | not addressed | ||
| Spain: filing with the regional tourism authority | not addressed | ||
| Spain: alternative via a collective guarantee fund | not addressed |
Evaluated by NAMMERT from published policy wordings.
Despite care, a value may be misread;
legally only the wording of your own contract in the edition stated there applies.
Please report errors, we correct them the same day.
Policy wordings and provider
- Legal entity
- DRSF Deutscher Reisesicherungsfonds GmbH
- Distribution
- direct from the insurer only
- Allgemeine Absicherungsbedingungen des Deutschen Reisesicherungsfonds Edition: AAB Stand 01.09.2025, Version 09/2025 Original from the insurer (PDF, German)
Full text of the wording
The full text exists only in German.
It is printed on the German page for Deutscher Reisesicherungsfonds (DRSF) DRSF Absicherung für
Reiseveranstalter and available as plain text.
Volltext Deutscher Reisesicherungsfonds (DRSF) DRSF Absicherung für Reiseveranstalter Kundengeldabsicherung · As text (Markdown) Deutscher Reisesicherungsfonds (DRSF) DRSF Absicherung für Reiseveranstalter Travel insolvency cover