A new specialist travel policy covers passengers who lose out because they miss a scheduled flight.
The policy, from No Exclusions, is currently only available to passengers who are flying with EasyJet, but the company hopes to extend it to cover other airlines.
The cover isn't designed to replace traditional travel insurance, and doesn't offer any protection against lost luggage or possessions, or medical costs. Instead it is aimed as a top-up for travel insurance, or as an option for people making domestic flights.
Some traditional travel insurance policies pay out for missed flights, but usually the passenger must show it was caused by a specific event beyond their control such as a car breaking down. The No Exclusions policy allows a claim for any reason, including something that was the passenger's fault.
To qualify for a payout, the passenger must arrive at the airport sales desk no later than four hours after their flight was scheduled to take off. They must also be in a fit condition to fly (in other words, sober.)
The policy costs £7.50 for a single flight or £9.50 for both legs of a return trip. It will pay out the cost of a seat on the next available flight, even if this is more expensive than the original ticket.
Cynics have already pointed out that the policy could be open to abuse, with passengers booking a seat on an early, cheap flight then arriving later on and claiming a free seat on a more convenient and expensive flight. This would be subject to the later flight having space, however.