When my charter cruise was canceled and the organizer offered no refund, I thought that was covered under "default". Silly me! Since the organizer was not insolvent and had not ceased operations, Seven Corners refused to pay and Squaremouth agreed. Bottom line, Squaremouth is not going to pass up those sweet commissions by going against the "insurers". So I threw good money after bad by buying insurance from them. They are polite, but useless.