When planning a trip, it’s crucial to obtain trip or travel cancellation insurance because many hotels, airlines, and tour operators have tight cancellation rules. Without this protection, you risk incurring large financial losses if you are forced to abandon your trip due to unforeseeable circumstances.

For instance, you might have to abruptly cancel your trip due to illness, injury, or a family emergency. Trip cancellation coverage can provide reimbursement for any non-refundable costs.