With travel virtually grounded worldwide, travel suppliers are being impacted significantly by the coronavirus pandemic. On April 23, 2020, Virgin Atlantic announced that it may enter into administration as a result of their financial issues. Squaremouth’s travel insurance providers share their official position statements explaining coverage for Virgin Atlantic’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 provider listed below, we recommend contacting them directly for information on your policy’s specific coverage.
Virgin Atlantic is experiencing financial troubles and it was recently publicized that they expect to go into administration (similar to bankruptcy). This became a known event on 4.23.2020. 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 4/7/20 to meet that stipulation.
On April 23, 2020, Virgin Atlantic 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 April 23, 2020, Virgin Atlantic’s 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 Virgin Atlantic financial default, policies would need to have been purchased by April 7, 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 7 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: firstname.lastname@example.org
In the event of a claim, please contact Tin Leg’s Claim department at 844-240-1233 or email@example.com. 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.
Virgin Atlantic is experiencing financial troubles and it was recently publicized that they expect to go into administration (similar to bankruptcy) due to the impact of the coronavirus on their business. Travelex and their underwriters determined that Virgin Atlantic has experienced financial default effective April 23, 2020.