This article below underscores the importance of protecting your travel investment and insuring your vacation via a separate, well-respected, third-party insurance provider. You are not protected from vendor default if your cruise line or tour operator abruptly goes out of business. You may be left stranded and lose your full investment!
Read the article below from Travel Market Report.
Last Thursday, Nov. 29, an email went out from Worldview Tours of Newport Beach, California, saying that the company and its sister company, One World Travel, had closed, effective immediately. “A downturn in business,” said the email, “has affected the corporation’s ability to service its debt.”
The email was signed by Nino Mohan, who founded the tour operation in 1978 out of a retail travel agency that grew into a provider of “custom designed private or group tours.”
Worldview Tours built a strong reputation for value and service. On Yelp, it has all five-star reviews. After 40 years of doing business on the up-and-up, it was a shock to those who had worked with the company to see it suddenly go under.