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TripProtector Preferred - "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?
7 day wait
(if policy is purchased
within 24 hrs of final trip payment)
(Washigton residents -
before or with final payment)

The TripProtector plan provides Supplier Financial Default protection for travelers. To qualify for Supplier Financial Default protection, travelers must:

  • Purchase a TripProtector Plan within fourteen (14) days of initial trip deposit.
  • Also, Suppliers must not have already filed for bankruptcy protection at the time of purchase or seven days after to policy purchase.

DEFINITIONS:

"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 provided the Financial Insolvency occurs more than 7 days following your effective date for the Trip Cancellation Benefits. 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.

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