What is cancellation insurance

Other People Are Reading


Trip cancellation insurance covers the loss of your deposit or payment if you or a family member get sick, if you have a change in plans, if the company you paid goes bankrupt, or in the event of bad weather either canceling your trip or damaging your destination hotel. Often included with trip cancellation insurance is medical coverage for illness or injuries sustained on the trip, or for emergency medical evacuation. Not all trip insurance covers all changes in plans, so make sure you check the details carefully before you buy.

Special Events

This type of insurance is also available on a limited basis for the cancellation or postponement of special events. It covers the loss of non-refundable deposits, damage to any special items involved with the event and vendor bankruptcy.


Wedding cancellation insurance covers the postponement or cancellation of a wedding in the event of extreme weather, unexpected illness, termination of the bride or groom's leave by the military, or vendor bankruptcy. It also covers the loss of deposits and damage to special wedding-related items such as the bride's gown or the wedding cake.



Please enable JavaScript to view the comments powered by Disqus.
  • Photo Credit hurricane clouds, background image by JoLin from Fotolia.com

More Like This

Valid Reason for an Insurance


How Does Travel Insurance Work?

What Is Travelers Insurance?

You May Also Like

Any Form 1099 reports various types of income of more than $600 from sources other than an employer. The 1099-C reports debt.

Need to cancel a current insurance policy? This insurance sample cancellation letter can help. Learn what you need to say to end.

Investment is essential to building wealth over time. When you have excess cash, you could simply stash it in a safety deposit.

Trip cancellation insurance reimburses you for prepaid, nonrefundable expenses - such as airline tickets - if you are forced to cancel a.

Trip cancellation insurance should be purchased if you are planning an expensive trip or if you are making travel plans well in.

An insurance policy is a contract between two parties: you and the insurance company. The contract has specified inception and termination dates.

A contract termination calls off of an existing contract between two parties, for example an agreement between a landlord and tenant or.

To successfully terminate a cell phone contract, you will be required to give the company formal notice. Usually, you can do this.

A trip can get canceled for many reasons including when an individual or traveling companion becomes sick. Individuals can purchase trip cancellation.


View Blog Post

Source: ehow.com

Category: Insurance

Similar articles: