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Travel Cancellation Insurance
Travel can be very expensive
and many travel products are non-refundable. Travel cancellation
insurance coverage can reimburse the cost of your pre-paid trip
expenses, but not all travel insurance plans include this coverage. Once
you’ve paid your trip deposit (or even the full amount), any number of
unexpected reasons can cause you to have to cancel your trip. Canceling
your trip can cause you to lose some or all of your prepaid travel
expenses, and many travelers find that travel cancellation coverage is
well worth the cost.
Examples of Reasons for Canceling a Trip
Travel plans sometimes have
to be canceled, and you’re better off safe than sorry when it comes to
travel expenses and trip cancellation insurance. Trip cancellations may
occur for the following reasons:
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a sudden injury or
illness (for you, a family member, or your travel companion)
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common carrier
cancellations as a result of inclement weather or labor strikes
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financial insolvency
of a common carrier |
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unexpected and
unavoidable responsibilities at your place of employment
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termination of
employment or a transfer of employment to a new city
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travel document
theft, such as printed tickets, passport, or visa
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an act of terrorism
at your location of departure or destination
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an evacuation is
ordered at your home or travel destination
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and others
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Rules to Expect with Trip Cancellation
Insurance
Some plans include
exclusions that define the overall trip amount to be reimbursed. Some
plans include trip cancellation as optional coverage and require that
the coverage be purchased within a specified number of days after paying
the initial trip deposit. Most plans require some type of proof that
backs up the reason you are canceling the trip.
Of course, each travel
insurance plan is unique and you have to check to be sure trip
cancellation coverage is included with the plan you choose.
Making a Trip Cancellation Claim
If you have to make a claim
for a canceled trip, you may have to provide proof depending on the type
of cancellation, such as providing proof of an injury or illness with a
doctor’s note for example. The proof you have to supply will vary
depending on your trip insurance plan and the reason for which you are
canceling the trip. |
