Tuition Fees Insurance
What Does Tuition Fees Insurance Mean?
Tuition fees insurance is insurance that schools can purchase to cover tuition reimbursements to students in the event the school must close during a semester due to a covered peril. It is similar to business interruption insurance.
Insuranceopedia Explains Tuition Fees Insurance
For example, if a hurricane strikes a college campus and destroys many of the buildings, the school may have to close in the middle of a semester to rebuild the buildings and make other repairs. Tuition fees insurance would then reimburse the college for tuition refunds to enrolled students.