Covered Supplier

A question for the very informed group here:

First, my travel insurance experience is limited to purchasing policies with Allianz. They limit their policy coverage to a specific list of airlines, cruise lines, and travel agencies on their list of "Covered Suppliers."

For those of you who use other travel insurance providers, do each of these insurance purveyors also have a "Covered Supplier" list?

How do small travel agencies stay in business if they are not on the CS lists?

Many thanks.

Allianz is the only major insurer that has this type of "white list". Others may have a "black list" of suppliers they will not cover (usually suppliers that are currently in bankruptcy) but otherwise they accept just about any suppliers.

Allianz does not include travel agencies on their list because they (along with everyone else in the industry) don't ever cover losses that arise from the travel agency. If the agency goes bankrupt and you lose your money you're on your own no matter what insurer you use. For example, this is from TravelSafe which does not use a "white list" like Allianz:

Bankruptcy or Default means the total cessation of operations due to

insolvency, with or without the filing of a bankruptcy petition by an airline,

cruise line, tour operator or other travel provider provided the Bankruptcy or

Default occurs more than 14 days following Your Effective Date for the Trip

Cancellation Benefits. There is no coverage for the Bankruptcy or Default

of any person, organization, agency or firm from whom You purchased Trip

Arrangements supplied by others.

So no coverage if you lose your money because the agency goes bankrupt. Any losses created by the agency by any means have to be resolved by you and your lawyer. No matter what insurer you're using and regardless of any "white list" or "black list".