Insurance

[msumom2001]

Does anyone know why New York residents are excluded from Princess Vacation Protection plan (cruise insurance

[Rick&Jeannie]

I cannot quote the specific law or ordinance...but it is something that your NY state lawmakers have decided for you...

[mtnesterz]

It's something like this. New York insurance laws use the term, a "fortuitous event," to describe insurance, meaning no party has control. Common now on cruise ships is Cancel For Any Reason, CFAR. Since you have control with a CFAR, it is not insurance in their eyes. Well, that's what I was told anyway.

[DCThunder]

When I attempted to sell life insurance over 40 years ago, I remember being told that New York had laws/regulations on all insurance that were different from almost every other state and that the big life insurance or property and casualty insurance companies had to set up a New York only subsidiaries to sell to customers in New York State.  I'd guess that the cruise insurance is similar.

[msumom2001]

Thanks for info. Seems odd, as in all previous cruises we used Princess insurance with no problems. Even paid out on a claim!