Position Statement Grecian Economic Crisis

Posted: 7/8/2015

The economic crisis in Greece has many travelers concerned about visiting the popular tourist destination.

Unfortunately, the current situation does not fall under any of the covered events within Tin Leg’€™s Trip Cancellation or Trip Interruption benefits.

However, if a traveler’€™s tour operator or travel supplier becomes financially insolvent, or if there is a common carrier strike related to the crisis, Trip Cancellation and Interruption benefits can become available.

In order to be eligible for the financial default benefit, the Tin Leg policy must be purchased within 14 days of the initial trip deposit and the financial default must occur more than 14 days following the policy’€™s effective date.

Travelers who have booked a trip to Greece within the past 14 days are also eligible for the Cancel for Any Reason upgrade. This benefit allows travelers to cancel their trip for reasons that aren’t covered under standard Trip Cancellation coverage, including those who no longer wish to visit Greece.

In order to be eligible for Cancel For Any Reason, travelers must meet the following criteria:

  • Purchase their policy within 14 days of their initial trip deposit
  • Insure 100% of their trip cost

Tin Leg also requires the trip be cancelled at least 72 hours prior to the scheduled departure, and reimburses up to 75% of the prepaid and nonrefundable trip cost.

Coverage may also be available under Travel Delay if the customer’s itinerary is delayed.

In any event, all claims will be examined and adjusted based on their individual merits on a case-by-case basis. Please contact Tin Leg with any questions at 844-240-1233, we are delighted to answer any additional questions.