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.