With travel virtually grounded worldwide, travel suppliers are being impacted significantly by the coronavirus pandemic. On May 5, 2020, Norwegian Cruise Line announced it as a result of their financial issues. Squaremouth’s travel insurance providers share their official position statements explaining coverage for Norwegian Cruise Line’s potential financial default.
We request travel insurance position statements from all of our providers. If you do not see a position statement from your travel insurance provider listed below, we recommend contacting them directly for information on your policy’s specific coverage.
Norwegian Cruise Line has indicated they are having financial troubles and may seek bankruptcy protection. This became a known event on 5.5.2020. Policies would need to have been purchased prior to that date for coverage to apply.
In order to qualify for financial default coverage the policy would have to have been purchased within the early purchase time period. The default also must have occurred more than 14 days from their policy effective date. Policies would need to have been purchased by 4/19/20 to meet that stipulation.
On May 5, 2020, Norwegian Cruise Line announced that they may enter administration as a result of financial issues caused by the coronavirus pandemic.
For Tin Leg Economy, Standard, Luxury, and Adventure policyholders:
What you need to know about your policy:
As of May 5, 2020, Norwegian Cruise Line’s potential financial default is no longer considered an unforeseen event. In order for the Financial Default benefit to provide coverage, the default also must have occurred more than 14 days for the effective date of a traveler’s policy. For the Norwegian Cruise Line financial default, policies would need to have been purchased by April 19, 2020.Coverage is not available within any Tin Leg policies purchased after this date.
Tin Leg Standard, Luxury, and Adventure policies purchased prior to April 19 may provide Financial Default coverage related to the situation.
Tin Leg Economy policyholders do not have Financial Default coverage.
In the event of an emergency, please contact Tin Leg’s 24 Hour Emergency Assistance department as soon as reasonably possible at:
Emergency Assistance Inside US: 844-927-9265 (Toll Free)
Emergency Assistance Outside US (Collect Call): 001-727-264-5657
Emergency Assistance Email: email@example.com
In the event of a claim, please contact Tin Leg’s Claim department at 844-240-1233 or firstname.lastname@example.org. Start your claim online: https://tinleg.com/claims/online
Please contact Tin Leg with any questions at 844-240-1233, we are delighted to answer any additional questions.
Effective May 5, 2020 Norwegian Cruise Line as well as Oceania and Regent has warned that it may have to seek bankruptcy protection due to the coronavirus pandemic. Enrollments may still be processed for travelers booking through these Cruise Lines, however, there would be no eligibility for Financial Default coverage if a policy is purchased on or after the date listed should cruises be cancelled as a result of this situation.