The consensus is that, while this is not going to go away, it will recede into the background somewhat. If you can't then take your flight or holiday due to infection it will be one of those things, similar to not turning up for a concert, festival, train journey or whatever. The credit companies won't get involved.
While not making light of the seriousness of the situation now, the large scale enforced cancellations won't be a factor when borders start to reopen.
It maybe that people won't be able to rely on insurance to smooth out every wrinkle in their lives.
This is the situation for almost everybody in the World anyway.