When planning a trip, whether it is internationally or within the United States, you may be required to pay for many of your reservations in advance. This is common when booking a cruise, reserving a hotel room, purchasing airline tickets or joining a tour group. Depending on the type of service for which you are required to make a deposit, these pre-payment amounts may not be refundable. This is where Trip Cancellation Insurance can provide you with protection in the event that you are unable to travel on your scheduled vacation. This type of insurance policy will reimburse you for any lost monies caused by your need to cancel your trip.

There are many unexpected reasons why you must cancel your planned vacation, but not every reason would qualify for a reimbursement under your trip cancellation insurance policy. For instance, if you just changed your mind, or decided to go somewhere else, this would not be considered a qualifying reason for reimbursement.