This article was reproduced from Travelex’s newsletter.
In ‘Plane’ Language
Trip Cancellation / Interruption benefits regarding job termination, layoff, etc.
In this economy and with many employment concerns, Travelex insurance plans protect against employment termination, layoffs,
transfers, mergers and acquisitions.Please see applicable policy language below.
Travel Basic, Travel Select and Travel Max:
Term: Employment Termination / Transfer
Benefit: The Company will pay a benefit, up to the maximum shown on the Confirmation of Coverage, if You are prevented from taking or unable to continue Your Covered Trip due to:
TraveLite and Travel Plus
Term: Employer Termination or Layoff
Benefit: You are covered for the amount purchased for Published Penalties and unused non-refundable prepaid expenses for travel Arrangements, whenever You are prevented from taking a Covered Trip for any of the following reasons that occur after the Effective Date of Your Protection Plan:
Squaremouth recommends travel insurance.