{"id":3120,"date":"2010-08-30T12:08:29","date_gmt":"2010-08-30T20:08:29","guid":{"rendered":"http:\/\/www.TripInsuranceStore.com\/blog\/?p=3120"},"modified":"2010-08-30T12:08:29","modified_gmt":"2010-08-30T20:08:29","slug":"mexicana-airlines-bankruptcy-and-travel-insurance-coverage","status":"publish","type":"post","link":"https:\/\/tripinsurancestore.com\/blog\/mexicana-airlines-bankruptcy-and-travel-insurance-coverage\/","title":{"rendered":"Mexicana Airlines Bankruptcy and Travel Insurance Coverage"},"content":{"rendered":"<div align=\"right\"><a title=\"Subscribe to my Wall Street Journal Recommended Blog\" href=\"http:\/\/eepurl.com\/wCXYr\" target=\"_blank\" rel=\"noopener noreferrer\">Subscribe here<\/a><\/div>\n<p>Here&#8217;s some advice on the Mexicana Airlines Bankruptcy &#038; Travel Insurance. I hope you find it useful.<\/p>\n<p>It&#8217;s now being reported in the <a title=\"LA Times\" href=\"http:\/\/latimesblogs.latimes.com\/laplaza\/2010\/08\/mexicana-airlines-suspends-all-flights.html\" target=\"_blank\" rel=\"noopener noreferrer\">LA Times<\/a> that Mexicana Airlines has suspended all flights.<\/p>\n<p><strong>Here are my Tips:<\/strong><\/p>\n<ul>\n<li>Do not assume all Trip Cancellation Travel Insurance plans work the same way. They do not and it&#8217;s a big mistake to assume they do.<\/li>\n<li>Some Trip Cancellation Travel Insurance plans exclude non-US based airlines.<\/li>\n<li>You need to read your Trip Cancellation Travel Insurance plan&#8217;s Certificate of Coverage carefully to find exactly how they cover Financial Default. Sometimes going into Bankruptcy is covered, but most plans I know wording requires the travel supplier to completely cease operations.\n<p>Here&#8217;s how some plans define it:<\/p>\n<blockquote><p>&#8220;Supplier Financial Default&#8221; is a complete suspension of operations due to financial circumstances whether or not a bankruptcy petition is filed. In other words, just the act of filing for bankruptcy or becoming bankrupt doesn&#8217;t necessarily qualify as a valid Financial Default claim. The travel supplier has to completely cease operations.<\/p><\/blockquote>\n<\/li>\n<li>Depending on the documentation your policy requires, you may have to depart on your trip to end up being delayed or get a cancelled flight in order for your travel insurance to work.<\/li>\n<\/ul>\n<p>I know this short list doesn&#8217;t cover all the possible scenarios, but this should give you a place to start. I also suggest you keep a phone log of the people&#8217;s names &#038; what they told you when you call your travel agent and trip insurance company. That could come in handy later.<\/p>\n<p>Here&#8217;s some more information. While this page only covers the 5 companies I sell, you will get detailed information on the subject of &#8220;Supplier Financial Default&#8221;:<br \/>\n<a title=\"What is travel supplier default coverage?\" href=\"https:\/\/tripinsurancestore.com\/what-is-travel-supplier-financial-default\/\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/tripinsurancestore.com\/what-is-travel-supplier-financial-default\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Subscribe here Here&#8217;s some advice on the Mexicana Airlines Bankruptcy &#038; Travel Insurance. I hope you find it useful. It&#8217;s now being reported in the LA Times that Mexicana Airlines has suspended all flights. Here are my Tips: Do not assume all Trip Cancellation Travel Insurance plans work the same way. They do not and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-3120","post","type-post","status-publish","format-standard","hentry","category-how-travel-insurance-works"],"_links":{"self":[{"href":"https:\/\/tripinsurancestore.com\/blog\/wp-json\/wp\/v2\/posts\/3120","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=3120"}],"version-history":[{"count":0,"href":"https:\/\/tripinsurancestore.com\/blog\/wp-json\/wp\/v2\/posts\/3120\/revisions"}],"wp:attachment":[{"href":"https:\/\/tripinsurancestore.com\/blog\/wp-json\/wp\/v2\/media?parent=3120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tripinsurancestore.com\/blog\/wp-json\/wp\/v2\/categories?post=3120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tripinsurancestore.com\/blog\/wp-json\/wp\/v2\/tags?post=3120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}