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Posted: 7 years ago | 863 Views

Sounds like Swan Hellenic and Voyages of Discovery are going under.

Apparently the Brexit had something to do with it also "U.K. owner All Leisure Group, warned last year “Trading conditions are expected to remain very challenging, especially in the light of the escalating conflict in the Middle East and recent acts of terrorism.”

Always hate to hear about these. Just imagine having thousands already paid up for a cruise then receive a letter from a bankruptcy trustee "Don't call us we'll call you". Then the chase is on, does the insurance cover such? Small print says naught, lawyers say yes, etc, etc.

I would like to have more pertinent info myself on cruise market conditions, conflicting reports abound. A couple of months ago Moody's downgraded some cruise lines and said the Caribbean was in an "over supply mode" and Europe and the Mediterranean were stagnant market wise due to political upheaval. http://www.independent.co.uk/travel/news-and-advice/mystery-over-sudden-cancellation-of-new-year-cruises-by-british-firm-a7507041.html

4 Answers

Posted: 7 years ago

It is a shame to see them go under. I had looked into some cruises with them that I wanted to take in the future Crying
Posted: 7 years ago

Interesting---I can't recall all the details but there was a lot of forum discourse and heartburn regarding insurance coverage, or the lack thereof, when Renaissance went bankrupt as well as when Alaska Sightseeing/Cruise West went belly up.----------------- We always get voyage insurance. On our last two cruises we simply bought the Princess Vacation Protection package which included for us the upgrade to the Princess Platinum Vacation Protection. About 6 weeks before we departed, on our last cruise, the vessel hit a rock in France. One 12 day cruise was canceled as a result and there was a lot of discussion regarding insurance coverage, if necessary. As it turned out insurance wasn't needed as Princess covered all loses but if it was needed the policy, underwritten by Stonebridge Casualty a Transamerica company, does not provide benefits for much other than delays and medical emergencies. Cancellation of a cruise by the cruise line is not covered.------------- However, normally, I get more serious about the insurance and work through a broker, mainly to insure that we get a good policy with the preexisting condition waiver since my wife is always changing med's. So for the heck of it, I just took a look at our last such policy by AXA Assistance USA, underwritten by American Modern Home Insurance. This language got my attention "Travel Supplier"--means any entity involved in providing travel services or travel arrangements." And: "We will pay You for the following:-------In no event shall the amount We pay exceed the lesser of the amount You prepaid for the Covered Trip or the maximum benefit shown on the Schedule of Benefits. Coverage does not include Default of a Travel Supplier or other organization that results in LOSS OF SERVICE."---------------- Don't sound too good. Next time I look closer.

Posted: 7 years ago

Good to know this. Thanks!

Posted: 7 years ago

" Then the chase is on, does the insurance cover such?". As a matter of fact, the insurance I sell to my clients DOES cover if a line goes out of business. You would get a 100% refund.

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