Trip Cancellation Insurance is a type of coverage that reimburses travelers for non-refundable expenses if they need to cancel their trip due to unforeseen circumstances. These circumstances can include illness, injury, or other emergencies that prevent the traveler from going on their planned journey. This insurance typically covers costs such as airline tickets, hotel reservations, and tour bookings. It is important for travelers to read the policy details carefully, as coverage can vary and certain conditions may apply. Having this insurance can provide peace of mind and financial protection when unexpected events occur.