Rock Insurance is introducing a new policy tailored specifically for dynamically packaged holidays.

The policy includes cancellation cover of up to £15,000 and covers failure of the companies that are providing the independent components.

Underwritten by Europ Assistance, the policy has no upper age limit for single-trip policies, offers discounts for couples and families, and provides optional cover for elements such as winter sports.

Rock Insurance managing director Antony Martin said: “To keep up with the changes in the way people are booking their holidays, travel insurance products need to include cover for each component that makes up a holiday.”