The benefit allows you to cancel your trip without citing a reason, but the 24-hour intimation rule could limit its utility.

Health insurance costs more but covers more for medical issues, while dental insurance is cheaper but doesn’t cover as many costs. Find out more about how these coverages compare.

Marianne Bonner, CPCU, ARM, covers business insurance topics for Investopedia, building on 30 years of experience working in the insurance industry. She has written extensively for The Risk Report, ...