We’ve all been there — you purchase tickets to events days or weeks in advance, only to have them unexpectedly canceled the day of. Whether it’s a concert, conference, or business trip, event cancellation can be a considerable inconvenience and even a financial burden. But does travel insurance cover event cancellation?
What is Covered by Travel Insurance?
Travel insurance plans typically offer trip cancellation coverage to reimburse travelers for non-refundable expenses if their trip is canceled due to a covered reason such as illness, severe weather, flight interruptions, or travel advisories.
Some policies also include canceling coverage for any reason and allowing travelers to cancel their trip for any reason and receive a partial refund.
In addition to event cancellation, travel insurance can cover other types of losses, including lost luggage, medical expenses incurred while traveling, and more.
Does Travel Insurance Cover Event Cancellation?
Be sure to read the fine print of your policy to understand what is and isn’t covered. For instance, some policies may not cover event cancellation due to pandemics or government-mandated travel restrictions.
If you plan on attending an event during uncertain times, ensure you have the right coverage before purchasing a plan.
It’s important to note that travel insurance companies will not cover any costs associated with the actual event itself; they will only reimburse non-refundable costs related to canceling the trip, such as airfare or hotel stays.
If you have already purchased tickets for an upcoming event and it gets canceled unexpectedly, you should contact the ticket issuer directly to obtain a refund or credit on those purchases before filing a claim with your travel insurer.
Event Coverage Add-On with Travel Insurance Policy
Whether traveling for business or pleasure, investing in travel insurance is wise. But what happens when an event that you have tickets for is canceled?
A great way to ensure that you are protected against these kinds of unexpected losses is to consider getting the Cancel For Any Reason (CFAR) add-on with a VisitorsCoverage policy.
The CFAR add-on is an excellent option if you want to go above and beyond the basic coverage offered by most types of travel insurance.
This add-on allows you to receive reimbursement if non-refundable prepaid costs related to your trip are canceled due to circumstances not generally covered under a standard travel insurance policy, such as concert or event cancelations.
It’s important to note, however, that CFAR does not cover 100% of your costs — generally only covers up to 75%.
Additionally, depending on the policy, there may be restrictions on when you can purchase the CFAR add-on — some policies require it to be purchased at least 20 days before your trip departure date. Be sure to read all of the details of your policy and any additional add-ons before purchasing so that you know precisely what is included in your coverage and when it takes effect.
A CFAR add-on can give you peace of mind if something unexpected happens and you have already paid for tickets or other expenses related to an event or concert.
By investing in travel insurance with this added protection, travelers and concertgoers alike can rest assured knowing they will receive some reimbursement if they have to cancel their plans due to unforeseen reasons.
Conclusion
If you plan on attending an upcoming event and want peace of mind if something prevents you from going, purchasing travel insurance may be worth considering.
Travel insurance plans typically offer trip cancellation coverage and may even provide additional protection depending on what type of plan and coverage you purchase. Just read through your policy thoroughly to know precisely what is and isn’t covered before making any decisions.
Liya Kravchenkin is an experienced portrait photographer. She has worked with clients worldwide and has even traveled to more than 50 countries. Liya loves photography because it allows her to capture a moment that can never be repeated. Liya also enjoys traveling, learning about new cultures, and seeing the world’s unique natural wonders. Her favorite travel memories are from swimming with dolphins in the Galapagos and eating cheesecake in New York City.
