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When planning a trip, whether it is internationally or within the United States, you may be required to pay for many of your reservations in advance. This is common when booking a cruise, reserving a hotel room, purchasing airline tickets or joining a tour group. Depending on the type of service for which you are required to make a deposit, these pre-payment amounts may not be refundable. This is where Trip Cancellation Insurance can provide you with protection in the event that you are unable to travel on your scheduled vacation. This type of insurance policy will reimburse you for any lost monies caused by your need to cancel your trip.
There are many unexpected reasons why you must cancel your planned vacation, but not every reason would qualify for a reimbursement under your trip cancellation insurance policy. For instance, if you just changed your mind, or decided to go somewhere else, this would not be considered a qualifying reason for reimbursement. For more information on the circumstances that qualify for reimbursement, visit the Valid Reasons for Trip Cancellation Insurance Reimbursement section. You will find the reasons listed under this section of our trip cancellation resources will include only those situations which are unpredictable and uncontrollable.
Besides providing reimbursement for lost deposits on cancelled trips, a trip cancellation policy will usually provide other benefits. These benefits can be useful both prior to and during your scheduled vacation. These benefits can include things like trip interruption, delay in travel, lost luggage and emergency medical transportation. For more information on additional benefits, visit the Trip Cancellation Insurance Covered Benefits section of our website.
As with any type of insurance policy, trip cancellation insurance may exclude paying benefits under certain circumstances and for specific reasons. Among the common exclusions are pre-existing conditions, acts of war, participation in dangerous sports and incarceration. For more information on common exclusion and exceptions to receiving benefits, visit Trip Cancellation Insurance Exclusions section of our website.
An application for trip cancellation can usually be submitted at anytime after your deposits for travel and reservations have been made. It is best to apply for this type of insurance promptly after your initial trip deposit has been made.
*The information provided on these pages is for informational purposes only and is not a guarantee of benefits. Always review your travel insurance policy thoroughly for any variations.