{"id":24,"date":"2007-11-24T23:21:00","date_gmt":"2007-11-25T05:21:00","guid":{"rendered":"http:\/\/www.tripinsurancestore.com\/blog\/?p=24"},"modified":"2007-11-24T23:21:00","modified_gmt":"2007-11-25T05:21:00","slug":"does-travel-insurance-cover-bankruptcy","status":"publish","type":"post","link":"https:\/\/tripinsurancestore.com\/blog\/does-travel-insurance-cover-bankruptcy\/","title":{"rendered":"Does Travel Insurance Cover Bankruptcy?"},"content":{"rendered":"<div align=\"right\"><a href=\"http:\/\/eepurl.com\/wCXYr\" target=\"_blank\" rel=\"noopener noreferrer\">Subscribe<\/a><\/div>\n<blockquote><p>My family of four is planning a trip to Italy in June 2008. If I purchase your trip cancellation insurance, does it cover bankruptcy of the airline I have booked flights on?<\/p><\/blockquote>\n<p>The answer is technically &#8220;No&#8221;. Bankruptcy is commonly misunderstood to be the same as Financial Default. That&#8217;s because may travel insurance sellers use the terms interchangeably.<\/p>\n<p>Just going into bankruptcy by the airline or travel supplier isn&#8217;t covered. On the other hand, all our plans can cover Financial Default. Financial Default means the travel supplier must cease operations compared to bankruptcy which means the company&#8217;s seeking legal protection to hopefully work out its financial problems.<\/p>\n<p>Go here for more information: <a href=\"http:\/\/www.tripinsurancestore.com\/3\/default.shtml\" target=\"_blank\" rel=\"noopener noreferrer\">What&#8217;s Supplier Financial Default?<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Subscribe My family of four is planning a trip to Italy in June 2008. If I purchase your trip cancellation insurance, does it cover bankruptcy of the airline I have booked flights on? The answer is technically &#8220;No&#8221;. Bankruptcy is commonly misunderstood to be the same as Financial Default. That&#8217;s because may travel insurance sellers [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-24","post","type-post","status-publish","format-standard","hentry","category-ask-steve-dasseos"],"_links":{"self":[{"href":"https:\/\/tripinsurancestore.com\/blog\/wp-json\/wp\/v2\/posts\/24","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tripinsurancestore.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tripinsurancestore.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tripinsurancestore.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tripinsurancestore.com\/blog\/wp-json\/wp\/v2\/comments?post=24"}],"version-history":[{"count":0,"href":"https:\/\/tripinsurancestore.com\/blog\/wp-json\/wp\/v2\/posts\/24\/revisions"}],"wp:attachment":[{"href":"https:\/\/tripinsurancestore.com\/blog\/wp-json\/wp\/v2\/media?parent=24"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tripinsurancestore.com\/blog\/wp-json\/wp\/v2\/categories?post=24"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tripinsurancestore.com\/blog\/wp-json\/wp\/v2\/tags?post=24"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}