How do I know if my travel supplier is covered by travel insurance?
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.