Financial Default Coverage Statement
In unstable economic times, travel suppliers can experience financial issues, causing some suppliers to partially or completely suspend their operations. Travelex Insurance Services Inc. (“Travelex Insurance”) would like to remind you of the importance of purchasing travel protection for reasons such as financial default.
Some Travelex Insurance protection plans provide coverage for financial default occurring more than 14 days following an insured’s effective date for the trip cancellation or trip interruption benefits. A Travelex Insurance protection plan with coverage for financial default must have been purchased prior to the date when financial default became foreseeable per the terms of the policy in order to be eligible for coverage.
The suppliers listed below have either defaulted or are not yet considered to be in Financial Default and are at risk for Financial Default with foreseeability dates as indicated below. Travelex is still accepting enrollments for these suppliers, but plans purchased after the listed foreseeability date will not include Financial Default coverage.
Company |
Foreseeable Date |
Purchase by Date |
|
Niceair |
May 19, 2023 |
May 3, 2023 |
|
Ultra Air |
March 30, 2023 |
March 14, 2023 |
|
Viva Air |
February 10, 2023 |
January 25, 2023 |
|
Garuda Indonesia |
September 23, 2022 |
September 7, 2022 |
|
Genting Hong Kong (Crystal Cruises**, Dream Cruises, Star Cruise)* *Effective 01/18/2022 Travelex is no longer accepting enrollments for trips booked with these suppliers **Effective 01/01/23, cruises purchased from Crystal by A&K are eligible for financial default coverage |
August 19, 2020 |
August 3, 2020 |
|
Aeromexico |
June 30, 2020 |
June 14, 2020 |
|
Scandinavian Airlines System (SAS) |
February 16, 2022 |
January 31, 2022 |
|
Georgian Airways |
December 31, 2021 |
December 15, 2021 |
|
Czech Airlines |
February 26, 2021 |
February 10, 2021 |
|
Norwegian Air |
November 18, 2020 |
November 2, 2020 |
|
LATAM Airlines Group |
May 26, 2020 |
May 10, 2020 |
|
Hertz |
May 22, 2020 |
May 6, 2020 |
|
Virgin Atlantic Airways |
April 23, 2020 |
April 7, 2020 |
|
Air Mauritius |
April 22, 2020 |
April 6, 2020 |
|
Miami Air International |
March 24, 2020 |
March 8, 2020 |
|
ITB Holland (Amsterdam) |
February 11, 2020 |
January 26, 2020 |
Please refer to your appropriate policy document for complete details, including purchase requirements, regarding Financial Default coverage.
Other Travel Suppliers
Travelex Insurance and its underwriters have made a business decision to no longer accept enrollments for trips using the following list of travel suppliers.
Company |
Foreseeable Date |
Purchase by Date |
|
Air Moldova (Zurich) |
April 21, 2023 |
April 5, 2023 |
|
Air Moldova (Berkshire Hathaway) |
February 2, 2023 |
January 18, 2023 |
|
Blue Air |
March 21, 2023 |
March 5, 2023 |
|
ExpressJet |
August 23, 2022 |
August 7, 2022 |
|
Comair |
June 9, 2022 |
May 24, 2022 |
|
Onur-Air |
April 15, 2022 |
March 30, 2022 |
|
Pandaw River Expeditions |
October 25, 2021 |
October 9, 2021 |
|
Mango Airlines |
July 26, 2021 |
July 10, 2021 |
|
Lifestyles Presidential Suite Punta Cana |
March 8, 2021 |
February 20, 2021 |
|
Sail Windjammers |
January 27, 2021 |
January 11, 2021 |
|
Wayfarers USA, Inc |
January 22, 2021 |
January 6, 2021 |
|
Story Land and Sea/Savvy Affordable Tours (Queenslander LLC) |
December 8, 2020 |
November 22, 2020 |
|
Starlight Tours LLC (DBA Melita Trips) |
November 26, 2020 |
November 10, 2020 |
|
Interjet Airlines |
November 1, 2020 |
October 16, 2020 |
|
SNA Tours, LTD |
September 2, 2020 |
August 17, 2020 |
|
STA Travel in Switzerland |
August 19, 2020 |
August 3, 2020 |
|
WorldStrides |
July 21, 2020 |
July 5, 2020 |
|
Cruise & Maritime Voyages |
July 20, 2020 |
July 4, 2020 |
|
Global Endeavors |
July 1, 2020 |
June 15, 2020 |
|
America By Rail |
June 15, 2020 |
May 30, 2020 |
|
New York City Vacation Packages |
June 10, 2020 |
May 25, 2020 |
|
Jacada Travel Limited |
May 27, 2020 |
May 11, 2020 |
|
Legacy Global Sports |
May 20, 2020 |
May 4, 2020 |
|
Thai Airways International |
May 18, 2020 |
May 2, 2020 |
|
Avianca Airline |
May 10, 2020 |
April 24, 2020 |
|
TAME Airlines |
May 9, 2020 |
April 23, 2020 |
|
Beyond Band of Brothers Tours (Procom America, LLC) |
April 15, 2020 |
March 30, 2020 |
|
Sweet Magnolia Vacation Tours |
April 8, 2020 |
March 23, 2020 |
|
RavnAir Group |
April 5, 2020 |
March 20, 2020 |
|
Cancelon.com |
March 26, 2020 |
March 10, 2020 |
|
Nordic Destinations LLC |
March 20, 2020 |
March 4, 2020 |
|
Bookit.com |
March 17, 2020 |
March 1, 2020 |
|
Go Real Travel |
March 8, 2020 |
February 21, 2020 |
|
Flybe |
March 5, 2020 |
February 18, 2020 |
For travel partners who submit Travelex plan enrollments through an API or roster, you must no longer offer Travelex insurance or accept plan enrollments for any of the suppliers identified on these lists.
This list may not be a full representation of all events. For a summary of the plans details on coverages, benefits, limitations, and exclusions of the insurance plan, please refer to the applicable Description of Coverage or state specific Individual Travel Protection Insurance Policy. PLD