Insurance for flight school bankruptcy

[mrsurrey]

Hello,

Does anyone know any insurance companies that offer insurance in case a flight school goes bankrupt?

(The logic being that if a flight school offers say 10% payment for upfront payment then it would make sense to take them up on the offer if the insurance cost less than the 10% discount.)

Thanks.

[Piltdown Man]

Yes, the insurance cover costs exactly 10%... You pay them as you go (and not a penny before) then you are never exposed.

[taxistaxing]

If you pay with a VISA and possibly other types of credit card the credit card company will reimburse you for funds paid over in the event of non delivery of services (check the smallprint).

This might be attractive e.g. paying in £5,000 blocks using a VISA credit card so as to benefit from any discount for paying in advance, while keeping downside protection.