What is travel reversal insurance and when can it be used?
When planning a vacation, you need to be well-organized. It is important to consider many details and consider many aspects that may affect your journey. It all starts with choosing a destination, buying tickets, packing things and setting an itinerary.
However, all these holiday plans can be turned upside down by various other factors, independent of you, such as bad weather, pre-travel medical problems, flight cancellations, etc.
If, for various reasons, you are unable to travel, cancellation insurance will help you recover your money! See what Storno travel insurance might be useful for you when planning a vacation.
Storno insurance is a (optional) travel insurance designed to protect your purchased tourist package, both before and after departure, in the event that a certain problem forces you to interrupt your vacation. This product ensures the cancellation of your trip, the insurance company covering the penalties due by the insured to the travel agency.
The risks covered by the Storno policy differ from one insurance company to another. However, the most common reasons found in most Storno insurance contracts are the following:
- Serious illness;
- Serious accident;
- Death of the spouse of the insured or a first or second degree relative;
- Devastation of the insured's home as a result of theft, fire, explosion or natural disasters, events that make it necessary for the insured to be present at home;
- Dismissal of the insured by his employer;
- Receipt by the insured of a summons to appear before a court within a time limit set during the trip;
Obviously, every reason mentioned must be proven with official documents! Only in this way, the policy can be activated and so you can recover your money according to the terms and conditions stipulated in the contract.
The following are not covered by insurance:
- Pre-existing diseases;
- Allergic diseases;
- Voluntary abortions;
- Consequences of war. Invasion, acts of foreign aggression;
- Epidemics, contamination, pollution;
- Natural disasters;
Important to know
In the case of Travel Cancellation Coverage, insurance coverage begins with the termination of the insurance contract (issuance of the insurance policy) and ends with the commencement of the trip.
The conclusion of the insurance and the payment of the premium for the insurance packages with protection in case of cancellation of the trip must be made on the day of booking the trip or within maximum 3 days from the date of purchase of the tourist package.
If the insurance is taken out later, only those events that take place from the 10th day after the insurance is taken out will be insured (exceptions: accident, death, elementary event). If the travel reservation is made less than 30 days before the departure of the trip, the insurance policy can be concluded within a maximum of 3 days from the date of purchase of the tourist package.
We recommend that you read carefully the terms and conditions of the cancellation insurance so that they differ depending on the insurer from which you take out your policy.