cancellation coverage

Cancellation coverage is a type of insurance that protects you financially if you need to cancel a reservation, trip, or appointment due to unforeseen issues like illness, emergencies, or other covered reasons. It reimburses your prepaid costs, such as flights, hotels, or event tickets, minimizing your financial loss. Conditions and covered reasons vary by policy, so it's important to review the specific terms. Essentially, it provides peace of mind by offering a safety net if circumstances prevent you from following through with your plans.