Generally, travel insurance policies cover unforeseen events. Financial default often requires meeting additional conditions such as purchasing within an advantage period from the date of first deposit (usually 14 – 21 days) and most have a 14 day waiting period from the time insurance is purchased. Make sure the policy covers your travel provider. A few insurance carriers (i.e Elvia) list companies it will cover if they suddenly default. AIG Travel Guard, Travelex and MH Ross list troubled companies they will not cover.
Related articles:
- What is "supplier default" insurance?
- Are there conditions that apply to the Supplier Default & Bankruptcy benefit in my travel insurance?
- Does travel insurance typically cover the financial default or bankruptcy of a travel supplier?
- Some travel insurance companies refer to a "black list" or "white list" of covered travel suppliers. What does this mean?
- What is "Financial Default" cover?
