Imagine yourself flying to South Korea to finally watch a K-pop girl group for the first time, in person. The concert ticket was bought and you're ready to catch the fever and enjoy this unique and exquisite musical experience. Unfortunately, upon arriving to Seoul, you were informed that for a certain reason, the concert won't push through.
What if you are attending a Digital Start-up Conference in Berlin, but before you board the plane, you were informed that for a number of reasons, the organizers were prevented to set up and it cannot push through.
In cases of events cancellation, travel insurance can definitely help as it offers coverage for cancelled events.
For a claim to be valid, the following conditions should be met:
There are two (2) circumstances that can occur when availing this insurance coverage. These are:
Since this is an additional cover, do check if your standard or comprehensive policy has this feature. If it doesn't, you can always contact the insurer to include this feature.
It's noteworthy that your claim cannot be considered if the event is re-scheduled before your flight back home. Also, the insurance should only indemnify those that are not reimbursed by the organizers. The claim also doesn't include costs of food and drink, as these are regular, recurring, everyday expenses.
To experience an event cancellation, specially one you have financially and emotionally (significantly) invested in it can be heart-breaking. That's why it's worthwhile to ensure that we are able to recover our pre-payments upon the occurrence of this cancellation and one can do that through the purchase of the right travel insurance policy with event cancellation cover.