What is cruise 'trip cancellation insurance TCI'?

What is cruise 'trip cancellation insurance TCI'?

Dan Ilves (Dan Ilves, CTC, MCC) gives expert video advice on: What steps can I take to save money when booking a cruise?; Who can help me book a cruise?; What are the benefits and drawbacks of a cruise in the off-peak season? and more...

All the cruise lines offer their own insurance protection. Some of them are better than others, and they all vary. There's advantages and disadvantages to the consumer to buy one or the other. Most travel agencies and travel companies sell travel insurance that is separate of the cruise lines coverage, which is different. What are the pros and cons there? It requires looking into and comparing, because there are different coverages available there as well. The disadvantage of booking the cruise line's own insurance is if for some reason the cruise line goes bankrupt, that insurance is worthless. A lot of people will discourage consumers from booking the cruise lines coverage because, should that event happen, they have no coverage. Has that happened? Yes, it has. It doesn't happen frequently - big brand cruise lines aren't going to go bust tomorrow, however it has happened. The bottom line is, regardless of whether you buy the cruise line's coverage or a third party coverage, that you buy a coverage, because it's your vacation that's at stake, and in todays world things can go wrong and that can impair your vacation. It's very important for the consumer to have protection and coverage today - they must protect their vacation investment.