We all love a good vacation. Most of us look forward to our annual holiday for several months. We spend our time planning excursions, buying weather-appropriate clothing, and winding down to prepare for the exciting trip.
Vacations are a great way to relax and let your hair down for a week or two. They provide your body and mind with the rare chance of relaxation, so you return home feeling refreshed.
Going away for a week or two also enables you to explore a new area of the world. It’s the perfect opportunity to meet new people, learn about different cultures, and try delicious cuisines.
Vacation vs Relocation
But for some, a week or two isn’t enough! They crave adventure and excitement, and one of the best ways to fulfill these cravings is by moving to another country.
For those who love exploring new countries uprooting their existing life and living in a completely new country is intriguing. It pushes them out of their comfort zone and opens multiple doors, in both personal and professional settings.
There’s much more to plan when you’re relocating to a foreign country than there is when you’re going on a short vacation. One of the most important factors is planning your transport.
If you’re moving to a country that is far away from your home country, you will probably need to book a flight. You’ll also need to book an international courier to transport all of your belongings to your new home.
All of this sounds great but, unfortunately, there’s always a risk of trip cancellation when you’re traveling abroad. Whether it’s for a short vacation or permanent relocation, you can’t always predict running into trouble while you’re traveling.
Getting Trip Cancellation Insurance
Sadly, you can’t control accidents and incidents. If something happens at the airport on your planned date of travel, it might result in your flight being canceled. This is not something that you have any control over. However, that doesn’t mean that you can’t prepare for a potential cancellation.
Getting Trip Cancellation Insurance is one of the best things that you can do to cover yourself in the event of a canceled flight. It is part of travel insurance and it covers some of the costs of your flight in the event of a cancellation that isn’t your fault.
The exact amount of money that you will be reimbursed if your trip gets canceled depends on your insurance provider and the policy that you have signed up for. Your provider will take several factors into consideration when determining your reimbursement.
Generally, trip cancellation insurance covers between $1000 and $6500 of travel expenses.
What is Covered By Trip Cancellation?
When you sign up for travel insurance that includes trip cancellation, you will be given a specified amount of coverage. Your provider will state how much money they are willing to pay out if your travel gets canceled.
If an incident or accident occurs and disrupts your air travel, you will be able to claim on your travel insurance policy. Similarly, if you need to cancel your travel at the last minute due to unforeseen circumstances, such as illness or bereavement, you will also be covered by trip cancellation insurance.
You will also be able to claim on your policy in the event of a natural disaster, fires, and floods, or if the circumstances in your destination country have changed since you booked the travel.
You can get various trip cancellation insurance policies, all of which have varying levels of coverage. Generally, the higher your insurance premium, the more coverage you will get and the more money you will get back if your travel is canceled.
What is Excluded From Trip Cancelation Insurance Policies?
Whether you are relocating to another country or traveling for a vacation, it’s important to know what is excluded from your travel cancellation insurance. Providers do not offer reimbursements for a number of different scenarios, including:
- Changing your mind at the last minute
- Being unable to travel because of a pre-existing chronic medical condition that you did not disclose to the insurance company when you signed up for the trip cancellation policy
- Getting injured under the influence of alcohol or recreational drugs and being unable to travel because of your injuries
- Being unable to catch your flight because the airline company canceled the journey
If your airline cancels your flights, they should get in contact with you and reimburse the costs of your travel themselves. In some cases, your trip cancellation policy may cover the costs of your flight if it is delayed by more than 24 hours.