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Any money you lose due to the bankruptcy
of an airline, cruise line, tour operator or other provider of
travel services will be covered by the Supplier Default Insurance.
Presently this type of travel insurance has been severely cut back
since the 11th September 2001. There are some travel insurance
companies that no longer offers this type of insurance anymore while
others tend to choose which travel suppliers they will insure while
some plans may require you to buy the insurance within two weeks of
paying the initial deposit for your trip. Most plans do not provide
cover if the travel supplier that goes bankrupt or defaults is the
same one that provides you with the travel protection plan. It is
important to note that customized 'wholesale' plans offered by
cruise lines or tour operators directly to you does not cover
bankruptcy or cessation of the cruise line or tour operator offering
the plan. |