Trip cancellation insurance is a type of insurance designed to reimburse policyholders for expenses incurred when a trip is canceled due to unforeseen circumstances. Such circumstances may include illness, urgent professional obligations, disasters or other events that result in the cancellation of a trip. The insurance provides compensation for prepaid expenses such as airline tickets, hotel reservations and other travel-related expenses in the event of cancellation.
The risks covered under this insurance are:
- Accidental death for persons over 14 years of age;
- Trip cancellation expenses;
- Trip curtailment or interruption expenses;
- Trip extension expenses;
- Flight delay;