What is Financial Default?

Financial Default can reimburse a traveler’s trip costs if they need to cancel because of a complete suspension of operations by their travel supplier due to financial circumstances, whether or not bankruptcy is filed.

Financial Default coverage is included by some policies under the Trip Cancellation and Trip Interruption benefits. Depending on the provider, this benefit may be time-sensitive and will only be available for 14-30 days after the initial trip deposit date. Additionally, there may be a 10 to 21-day wait period after the policy is purchased before this benefit goes into effect.

Please be aware that coverage and eligibility requirements for this benefit differ by policy. The tables below show the providers that offer Financial Default coverage.

Looking for a policy with Financial Default coverage?

Enter your trip information on our custom search form. Once you receive your results, select the Financial Default filter to find the best policy for your trip with the coverage that you need.

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Each policy's Financial Default coverage is summarized below. View the full benefit wording for all policies here.

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