TravelSafe, Wyomissing, Pa., became the latest insurance carrier to
refuse to issue trip-cancellation policies to clients of
Renaissance Cruises.
The carrier, a division of Chester Perfetto Agency in
Wyomissing, informed travel agencies it was dropping Renaissance
because its underwriter, Commercial Union Insurance Co., would no
longer underwrite the policies.
As reported, a number of insurance carriers no longer insure
Renaissance's clients because of the line's stiff penalties for
cancellations.
For example, there is no grace period for cancelling without a
penalty, which begins at $750 per person. Starting just under
four-months before departure, the penalty is 100% of the cost of
the cruise.
Renaissance said recently it would maintain "strict adherence"
to the policy, citing the line's low tariffs.