This insurance provides protection or guarantee against the risk of ticket cancellation in an event or unforeseen occurrence resulting from the risks written in the policy where tickets cannot be used or canceled, and when the tickets purchased cannot be used in time as stated in the policy. Therefore, compensation will be paid in the amount of the Sum Insured on the ticket.
Risks included in the category are :
Fire, Explosion, Impact of Falling Aircraft and or anything falling thereof, damage to which is indirectly a result of firefighters performing their duties over your house
Accidents that befall you and or your siblings and or your children and or your biological parents where one(s) must be hospitalized
Death that befalls you and or your siblings and or your children and or your biological parents
Natural disasters, including but not limited to Earthquakes, Volcanic Eruptions, Tsunamis, Typhoons, Storms, Rainstorms, Floods, Landslides and geological and or meteorological disasters
Riots, Strikes, Commotion, Crime, Looting
Terrorism and Sabotage
Demolition and Armed Robbery
Sudden assignments from the office or place where you work.
Compensation will be provided in cash payments up to an amount that does not exceed the amount stated in the coverage summary.