When you decide to go on a trip, you’ll probably conclude a travel insurance agreement with your insurer. We recommend that you should include the trip cancellation insurance in your travel protection plan.
When we mention travel insurance, we usually mean medical insurance or the coverage of expenses in case of an illness or an accident. However, in addition to these, there are some other costs you may incur regardless of how well organized you are. In case of flight delays, trip cancellation, flight interruption, burglary or a theft, there are additional and unforeseen costs you may have to cover on your own. The costs of the flight delays, for instance, are only partially covered by the airlines. In case your travel documents are stolen, you will have to interrupt or cancel your trip abroad. Trip cancellation insurance will cover many unpleasant situations that are beyond your control. Different insurers treat this type of insurance differently, accept different risks and specify different covered reasons.
For example, Trip/Flight Cancellation applies after you purchase your plan but before departure. Trip Interruption applies after departure. The same reasons are covered for both Trip/Flight Cancellation and Trip Interruption.
Travel Delay, Missed Connection and Itinerary Change are offered in plans as benefits separate from Trip/Flight Cancellation and Trip Interruption.
This is clearly a complex issue, so in case you decide to take out this type of insurance, you should first consult your insurer of choice so as to avoid any misunderstanding or make sure all possible situations are covered. An unexpected event may spoil or interrupt your travel. This type of coverage is not a luxury but a need, so our recommendation is that you should also seriously consider taking out trip cancellation insurance before your trip.