What Happens to your Travel Insurance Policy if a Trip Gets Cancelled?

Travel insurance is a kind of general insurance that protects you against a variety of difficulties that might occur while travelling or even before you depart. Travel insurance relieves the stress of travelling by offering a variety of medical and non-medical advantages, including as compensation for medical expenditures incurred due to illness or accident, as well as reimbursement for delayed luggage, missed flights, and other mishaps.

However, due to unforeseen circumstances, we are occasionally obliged to cancel our travels. As a consequence, getting Travel Insurance coverage is an essential while planning a trip, particularly if you want to travel internationally.

Policy regarding cancellations

Travel Insurance allows you to be compensated if you are unable to travel on your trip for a legitimate cause as established by the insurer, such as:

1. A medical emergency, such as the sickness of a family member;

2. Work-related reasons, such as unauthorised leave; or,

3. A natural disaster or terrorist assault hits your vacation destination.

A Travel Insurance Policy offers cancellation benefits based on the amount covered in the case of a trip cancellation to compensate for financial losses suffered due to a sudden cancellation.

You may claim reimbursement for pre-paid and non-refundable expenses such as airline tickets and hotel bookings if your trip is cancelled before the planned departure date.

Complete cancellation

The insurance provider may terminate the policy and reimburse the premium amount to the policyholder after subtracting the minimal expenses in the event of a total trip cancellation.

Partial cancellation

An insurer may terminate the existing plan and reissue the policy without any deductions in the case of partial cancellation, such as a change in travel duration.

How do you make a claim on your insurance policy?

Insurance companies allow consumers to cancel their policies and obtain a refund within 10-20 days of purchase as long as the insurer has not gone on vacation or filed any claims. Proof of not travelling, on the other hand, is necessary.

If you need to cancel your trip, call your Travel Insurance Company's 24-hour customer service line for assistance. They'll help you through the steps of submitting a claim and gathering the relevant documentation. In most circumstances, you will be able to complete the claim process online. They will refund you after your claim has been examined and settled.

When purchasing Travel Insurance, read your policy document carefully to ensure that you understand the terms and conditions, as well as the coverage's exclusions and restrictions. This will tell you what your insurance coverage covers. Also, bear in mind that, depending on how the Travel Insurance Policy is created, the actual Travel Insurance Plan may vary from policy to policy and insurer to insurer.