Cancellation insurance
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We tend to plan things so as to achieve them. But some situations make us not to achieve what we think. This happens very rarely. For example, when we plan an official trip or a holiday trip for about 5 persons, this may cost a large amount in many thousands of dollars. Suppose if any accidents occur a day before the trip and if we need to cancel the trip for any other reason, then we need to cancel the trip. This cancellation will not refund all the money. Thus we need to take the Trip Cancellation Insurance which can be able to pay us some money in excess of any trip cancellation. This is not that much in use as there are only a few people who cancel their trips. They would not mind if any loss of money happens in trip cancellation. This is similar to the International Student Insurance which is offered by very few companies in the world. But majority of the companies prefer going to health insurance as they can be able to earn more money in a very short period of time. Some examples of this type of health insurance are the Short Term Health Insurance.

