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Global Alert - Cancel for Any Reason - "Financial Default of Travel Provider" Coverage
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.
What am I covered for?
15 day wait
(if purchased within 15 days of trip deposit)

Coverage for Financial Insolvency is included if:
Your premium for this insurance plan and your enrollment form is received within 15 days of the date your initial Trip deposit is received.

"Financial Insolvency" means total cessation of operations due to insolvency, with or without the filing of a bankruptcy petition, or the total cessation of operation following the filing of a bankruptcy petition, by a tour operator, cruise line or airline, other than the person, organization, agency or firm from whom you directly purchased or paid for your Trip provided the Financial Insolvency occurs more than 15 days following your effective date for the Trip Cancellation Benefits.

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