Trip Cancellation Insurance
There will be times that you need to cancel traveling: sudden illness, death, house burnt down, etc. But what about the money you’ve already deposited? There are some major trips and charters that require one to give more than 50% downpayment, sometimes the full payment before giving you the ticket. This is where your Trip Cancellation travel insurance comes in.
It’s a way to reimburse for any financial loss a traveler incurs when the travel don’t push through. It covers all the situation above, except if you suddenly change your mind—that one’s not covered because that was a decision based on a whim.
Get one after you buy that ticket.