By now most of you have heard about the financial collapse of Thomas Cook Travel. We the general public do not know what is going on behind the workings of travel companies. Recently I read about another international well known company that is having financial issues. Back in the 1990’s an organization was formed to help protect the traveling public. To belong, financial and ethical criteria were required, as well as $1M protection for clients due to bankruptcy. Today that number is clearly not high enough. That being said, not all tour operators belong to USTOA and international tour operators like Thomas Cook do not. This is why I always encourage trip protection insurance when you are spending over $2,000 on nonrefundable charges. I often ask you these questions. Financial collapse of the tour operator or cruise company I usually do not ask as it is unpredictable, I will now remind everyone.
* Do I have trip cancellation insurance with my credit card? If I need to cancel or interrupt my trip, what covered reasons are eligible?
* Can I cancel if my traveling companion or family member gets sick?
* Is emergency medical/dental and evacuation included as primary coverage with no deductibles?
* Are pre-existing medical conditions covered?
* If my luggage is lost, stolen or damaged, can I be reimbursed?
* Can I be reimbursed for essential personal items that I must purchase if my luggage arrives late at my destination?
* If my flight is delayed overnight, can additional expenses like hotel stays, meals and taxi fares be reimbursed?
Insurance is not very expensive. Most are by age and amount of coverage. One can always add insurance. To cover preexisting purchase needs to be within 21 days of deposit. Make sure your holiday investment is protected. Call today! I can help with insurance, even if you purchased your own holiday.