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Ontario Canada Cruisers-TICO ?


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For those of us that live in Ontario, TICO covers 


"A Standard Claim is a claim for travel services that were paid for but not provided as a result of the failure of an Ontario registered travel agency, an Ontario registered travel wholesaler (tour operator) or an airline or cruise line. "


Any Ontario Travel Agents here that can comment on this with respect to any cruise lines?  What is "failure" defined as for TICO?  


For Princess - if they were to declare "Chapter 11" in the US as some are suggesting,

would TICO cover deposits?  full payments? 

What about FCC's, especially now that Princess is offering the "Double your Deposit" FCC on some cruises?   


Are we covered?   


Thanks for your info!


Edited by cruisintoddler
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That would be good to know. I am getting quite concerned about my refund and I am debating filing a dispute with my credit card company because I am concerned Princess will declare bankruptcy before I see my refund. 

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