Questions for my Aussie mates ..

[Little Monty]

All this talk of the change in payment arrangements (ie 12 months before sailing) got me thinking about insurance.

 

As an aside, the 12-month payment rule does not apply in Australia - not yet anyway. We booked and paid a deposit yesterday for a November 2020 cruise and no further payment is due till July 2020 (when payment in full is required). Nevertheless we have 3 other future cruises booked and our NZ cruise next month is obviously already paid in full. I checked our travel insurance document (3rd party) and now realise it does not cover bankruptcy / insolvency of travel providers (including cruise lines).

 

I have searched various other policies and they are the same. Some provide limited cover ($5,000 per person max or $12,000 per family). I have also read various blogs on the issue. Bottom line .. we Aussies do not seem to be able to get full cover for the insolvency / bankruptcy of a travel provider. 

 

There are suggestions payment made by credit credit card might give cover as you could claim you had paid for a service which was not received (ie if a travel provider becomes insolvent

after payment but before cruise) but that seems unlikely and would no doubt be tightly time limited.

 

Am I correct in my understanding of insurance cover for this ?

 

Are there policies available in Australia which do cover this risk ?

 

What do fellow Aussies do for insurance cover ?

 

Cheers

[Pushka]

I had to google too to find out insolvency cover. 

Seems like credit card is the major go to but then found this

https://www.finder.com.au/insolvency-and-travel-insurance

[Little Monty]

Thank you Pushka