Your clients cannot escape the nightly news of major job layoffs these days. Even those with good positions might feel nervous about traveling in case they suffer a job loss between booking and departure. Travel Insured’s Worldwide Trip Protector comprehensive, WTP Gold and WTP Lite & Lite Expanded all offer Trip Cancellation and Trip Interruption coverage for job terminations or layoffs when the insured or their travel companion lose their job after being continuously employed a minimum three years at the place where the job termination occurs.
Clients with less than three years on their jobs can still protect themselves by opting for Cancel for Any Reason coverage. The option, which must be purchased within 14 days of initial trip deposit, allows your client to cancel for any reason up to two days prior to his or her scheduled departure date and receive up to 75% of their prepaid, non-refundable trip cost in a cash reimbursement. Note that unlike some plans, including many offered directly by suppliers, the Travel Insured Cancel for Any Reason option pays a cash, not credit, benefit and does not require your client to rebook the same trip within a booking deadline such as one year.