Trip protection

Trip protection is a type of travel insurance that reimburses prepaid, non-refundable trip expenses if you cancel or interrupt your trip for covered reasons. Trip protection policies include coverage for trip cancellation due to illness, injury, or death as evidenced by providers like Allianz and AIG.

Policies typically reimburse costs like airfare and hotel fees if a trip is cancelled under terms listed in the certificate of insurance, as reported by the Insurance Information Database. Trip protection covers interruptions from events such as hurricanes or jury duty, with 40% of claims in 2022 involving weather disruptions according to Squaremouth.

Pre-existing medical condition waivers are offered by insurers like Travel Guard if you purchase coverage within 15 days of initial trip deposit. Lost baggage and travel delay protections are included in most trip protection plans, covering daily expenses up to $200 per day per person in cases cited by Travelex.

Cancel For Any Reason (CFAR) upgrades increase reimbursement flexibility, reimbursing up to 75% of non-refundable expenses according to Generali Global Assistance. U.S.

Banks such as Chase include limited complimentary trip protection benefits with select premium credit cards for trips purchased using the card. Policy exclusions typically include known events at time of booking, war, and self-inflicted harm per guidelines from InsureMyTrip.

Refund timing after claim approval ranges from two to four weeks as reported by consumers through the National Association of Insurance Commissioners (NAIC). Maximum coverage limits differ; for example, Allianz caps standard single-trip plan payouts at $10,000 per traveler per policy period.