Are you considering an expensive tour, cruise, or charter in the near future? Will you be making a large, non-refundable deposit for reservations? Then trip cancellation insurance is something you should look into. Designed to protect fliers from financial losses due to canceled travel plans, cancellation insurance is perfect to help you get back your money from nonrefundable tickets and deposits.
But travel insurance cancellation is not for everyone. Cancellation insurance only protects you in designated situations. Surprisingly, one of the best websites offering information on cancellation insurance is The Filipino Pavilion & Travel Emporium. There they describe the situations most trip cancellation policies will cover. They include:
- Illness, injury, and death. Coverage for losses resulting from ailments to travelers, traveling companions, family members, business partners, or member of a traveling companion's family as long as there are no pre-existing conditions.
- Operator failure. Coverage for tickets and reservations if travel agency, tour, or airline falls through.
- Home misfortunes. Coverage from unavoidable mishaps such as fire, flood, disaster, jury duty, or accident on way to the airport.
- Destination disasters. Coverage from hijacking, natural disasters, disease outbreaks, strikes, and terrorism/revolutions.
Please note that changing your mind or getting cold feet are not on the list.
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