Financial default is included in Patriot T.R.I.P. it is defined as--- “The complete suspension of operations due to financial circumstances whether or not a bankruptcy petition is filed, or a partial suspension of operation following a filing of a bankruptcy petition in a court of competent jurisdiction under Chapter 7 or Chapter 11 of the US Bankruptcy Code.”
Also there is 30 days waiting period before the financial default benefit
"It means that at the effective date of the Trip plan you purchase, you must wait 30 days before the financial default provision is effective. So, for example, you purchase the Trip plan today for a cruise in May, the financial default provision won't be effective until February 19. If the cruise line goes out of business before February 19, there is no benefit for financial default. "
