I can see most major airlines around the world getting bailed out by respective governments but can't see the same happening with cruise lines which unfortunately which as an industry will take a lot longer to recover.
We have a cruise booked for next April which having been able to have my deposit from a July cruise rolled into without charge, my concern is whether the cruise line will survive.
Having looked into my corporate travel policy with AIG, any financial defaults by any airline, tour operator, cruise line etc affecting the holiday is not covered with a similar exclusion with Amex. My Citi card does provide some cover up to $5,000 per person and $12,000 per family though unfortunately was not been used in paying the deposit.
My corporate policy is up for renewal in October so the broker will seek to have some cover included then though may well be a mute point by then.
I am probably going to go all in and not cancel next years cruise and am wondering firstly if others are taking the same approach and also know of travel policies that include loss due to a travel provider defaulting.