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Financial Default of Travel Provider
Research Coverage - Financial Default of Travel Provider
The table below shows you which travel insurance company and plan provides you with the most
comprehensive coverage for the Financial Default of Travel Provider
coverage element. The table is organized by product and ordered by amount of benefit
provided, coupled with our internal rating system that compares all plans within each
product.
Plan providing the most comprehensive coverage are rated 10 -
and are listed at the top of each section.
Plans with the least amount of coverage are rated 01 -
 .
Plans providing no coverage are rated 0 -
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The rating applies to the Financial Default of Travel Provider coverage
element and not the plan as a whole. If you see a plan listed more than once, this means
the plan offers different coverage for the residents of the states listed next to
the plan name.
To select another Coverage, select it from the menu on the left of the screen.
The coverage will change to the one selected by you. Remember, you are only 6 quick
questions away from an instant quote and getting prices from all the major travel
insurance providers.
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Financial Default of Travel Provider
Coverage is provided usually in the event of a complete suspension of operations due to financial circumstances whether or not bankruptcy is filed. All insurance companies offer different levels of coverage, please check individual coverage statements for more detailed info. Most companies do not provide coverage if you purchase your insurance directly from your tour operator. Some companies also have a limit on the time in between making your initial trip payment and buying your insurance.
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Travel Insurance Terms related to Financial Default of Travel Provider
Bankruptcy - means the filing of a petition for voluntary or involuntary bankruptcy in a court of competent jurisdiction under Chapter 7 or Chapter 11 of the United States Bankruptcy Code 11 U.S.C. Subsection 101 et seq. Financial Insolvency - means the total cessation or complete suspension of operations due to insolvency, with or without the filing of a bankruptcy petition, or the total cessation or complete suspension of operations following the filing of a bankruptcy petition, whether voluntary or involuntary, by a tour operator, cruise line, airline, rental car company, hotel, condominium, railroad, motor coach company, or other supplier of travel services which is duly licensed in the state (s) of operation other than the entity or the person, organization, agency or firm from whom you directly purchased or paid for your Covered Trip. There is no coverage for the total cessation or complete suspension of operations for losses caused by fraud or negligent misrepresentation by the supplier of travel services. No Default Coverage - means a claim for trip cancellation/interruption cannot be filed if your travel provider ceases operations No Insurance Will Be Issued - means insurance company has decided not to issue a policy/certificate if your trip includes one of the listed travel providers Travel Supplier - means an airline, cruise line, tour operator or rental car company that supplies travel services to you while you are taking your trip. Travel Supplier is not a travel agent who simply assists in making your travel arrangements.
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