Trip cancellation insurance is designed to compensate for expenses incurred when a traveler must cancel a trip due to unforeseen circumstances. These may include illness, urgent work commitments, disasters, or other events that necessitate trip cancellation. The insurance reimburses for prepaid expenses, such as airline tickets, hotel reservations, and other travel-related costs.
The risks covered by this insurance include:
- Accidental death for individuals over the age of 14;
- Trip cancellation expenses;
- Trip curtailment or interruption expenses;
- Trip extension expenses;
- Flight delay.