"Cancellation benefits" refers to the advantages or perks that come with canceling or ending something. It implies that there are positive outcomes or rewards associated with discontinuing a particular service, plan, or agreement. Full definition
The standard Trip Cancellation benefit does not include this limitation, so there are still protections in place for claims covered under the terms of the plan. (tripassure.com)
Unfortunately, a visa being denied is typically not a covered reason for a traveler to cancel their trip under the Trip Cancellation benefit of travel insurance. (squaremouth.com)
Additionally, loan consolidation might lead to the loss of some borrower benefits, such as interest rate discounts, principal rebates, or loan cancellation benefits as a result of switching lenders. (credible.com)