Trip cancellation insurance protect your financial losses that might occur if your trip gets cancelled due to some unforeseen events. In simple words, trip insurance minimizes the risk of loss by covering you for cost tickets in case you cancel your trip because of covered reasons.

Let’s say that you already booked your trip for Hawaii. Everything has been booked right from your flight tickets, hotels rooms; rental car reservation. But just a day before you start your trip , your spouse gets sick and she is not allowed to travel. You might lose all your money you invested in your trip if you have to cancel your trip. With trip cancellation coverage you are protected against financial losses should unforeseen circumstances make it necessary to cancel.

Usually a trip cancellation will cover you for any or all of the following:

• If you or your spouse or any of your dependant falls sick and because of whom you need to cancel your trip.
• You, a traveling companion or family member dies.
• Due to a natural catastrophic destroying your house, like flood, fire or earthquakes.
• If there is a complete cessation of travel services due to strike.
  Because of terrorism in the place where you are going to visit you cannot go for the trip.
• If you or your companion is affected by a termination or a lay off.
• Due to inclement weather you cannot start your trip.
• You cancel your trip because you or your spouse becomes pregnant and is not allowed to travel during the pregnancy.
• You or your traveling companion is quarantined.
• Either you or your traveling companion is summoned by court order or subpoena to appear in a court.
  

Some plans are also available which may provide optional coverage on flexible terms. Those are known as “Covered for any reason” plans. This will allow you to cancel your trip for any reason. Few examples for “covered for any reason” would be:

• You just don’t feel like traveling as you don’t feel safe to travel because of swine flu or any such reason.
• You have last minute important work in your office which needs to be done immediately.
• You child or grandchild wants you to support him by being with him for the tournament he is playing for his school.

Who may needs Trip Cancellation insurance?

It is wise to get trip cancellation coverage by the traveler due to the following reason:

• Expensive Trips: If you are going on an expensive trip , it always a wise decision to insure yourself against the risk of losing the money involved in cost of tickets and other non-refundable cost, should you need to cancel the trip. This will help you to protect against the financial loss that you might face due to cancellation of the trip.
• Travel plans made in advance: If you have booked your travel tickets far in advance than your departure date, chances of any unforeseen incident is quite higher. In such a cases it is advisable to get a trip cancellation coverage.
• Cruises: It is quite difficult and cumbersome to cancel the cruise booking . Also the process of canceling is very complex. It is a peace of mind to have a trip cancellation.
• Traveling with kids: Kids are more prone to any sickness. And they increase the chance of last minute sickness. Insuring yourself against last moment cancellation protects your investment in trip.

Following are the plans that provide trip cancellation coverage:

• Travel Guard -: Basic , Essential and Med Evac ; Protect Assist
• CSA -: Travel Protection
• HTH - : Trip Protector

Facts & important things to know:

1. Typically most of the plan is available for US or Canadian residents.
2. The trip length is usually 30 days. For trip more than 30 days additional fee per day basis is charged.
3. Pre- existing coverage is available if you buy the trip coverage within restricted time limit mentioned in the plan.
4. Basic trip coverage generally includes trip cancellation, trip delay, trip interruption, baggage loss/delay, emergency medical coverage.
5. The pricing/cost of a trip insurance depends on the trip cost and the age of the traveler.

Call customer support at 866-384-9104 for immediate assistance, and speak to a Travel insurance expert.