Travel Insurance FAQ

Will travel insurance cover trip cancellation as a result of financial difficulties or bankruptcy of the traveler?

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While many travel insurance policies offer coverage in the event of financial default or bankruptcy of a travel supplier, financial difficulties on the part of the traveler, an immediate family member, or traveling companion are not generally not covered. Purchasing a policy with a “cancel for any reason” benefit would provide coverage for any cancellation reason providing you meet all the required conditions which usually include purchasing with 14 – 21 days of first deposit or payment date, insuring the full prepaid non-refundable trip cost and you cancel 2 days or more prior to your departure date. The cancel for any reason benefit usually pays a reduced amount.