[Akshay]

Trip insurance is used to help alleviate some of the financial loss that may be incurred because your trip is interrupted, delayed, or cancelled by unforeseen events.

[sumit2nice]

Many travel products are non-refundable: the best airline and cruise deals usually come with few options if you can't actually make the trip. Last week, the airline joyfully booked your flight. This week, it declared bankruptcy. Last month, you reserved space on a cruise to the Caribbean. A few weeks later, a close loved one became critically ill.