What information must be disclosed regarding trip cancellation insurance?

The requirement to disclose the availability and cost of trip cancellation insurance is vital for consumers to make informed decisions when purchasing travel services. This information ensures that travelers understand the monetary aspects and can assess whether the insurance fits within their budget and travel plans. Providing the availability gives consumers insight into whether this protection is an option for their specific itinerary, while clearly stating the cost helps them weigh it against their overall travel expenses.

Disclosing this information aligns with the overarching goal of consumer protection in the travel industry, ensuring that travelers know what options are available to safeguard their financial investment in case of unforeseen events. It empowers consumers with the necessary information to decide whether to purchase the insurance or to look for alternative options.

In contrast, while details about the coverage's terms and expiration dates for claims are important, they are more specific to the policy's intricacies and may not be as critical in the initial decision-making process as understanding the basic costs and availability. Additionally, simply naming the provider does not provide travelers with enough information to evaluate their options adequately.