If you buy expensive tickets for a concert, festival, musical, sports game etc. and are for some reason unable to attend the event, a ticket insurance will cover the costs in case of an unforseen cancellation.
The insurance must be effected alongside with the booking but at least 30 days before the event. If there are less than 30 days between the reservation and the event, the effecting of the insurance policy should take place than at the latest on the third working day after your reservation.
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