Definition - What does Trip Cancellation mean?
Trip cancellation refers to a type of insurance coverage that covers travelers in the event of a trip cancellation. Travel insurance companies frequently offer trip cancellation insurance for various specified reasons. As long as the reason why the trip is being cancelled is covered in the policy, the policy holder will be covered for the losses of the cancelled trip.
Insuranceopedia explains Trip Cancellation
Traveling can represent a significant financial expense for many people. This is why travel insurance companies often offer trip cancellation coverage. Examples of trip cancellation reasons that are typically covered in a travel insurance policy include illness, injury, or family emergencies. Many trip cancellation policies will require the sick or injured person to get a letter from a doctor proving their inability to go on the trip in order for the coverage to be activated.
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