Why buy this policy and what are the risks I could possibly encounter
Illness: you do not get a warning signal before any illness strikes you. They always come suddenly. Same applies to injuries and deaths. You may be booked on to a flight when you come down with a bad flu, what can you do but cancel your ticket? In such a case, however much you’ve paid for the ticket, all that money will be lost. You will never recover it but should you get yourself a trip cancellation cover, your money will be refunded back to you.
Misfortunes at home: you get cover even if you miss a flight because of an accident at home or should some calamity strike your house.
Operator: you also get covered if a travel agency operator or airline should collapse. However the cover applies only if you go through an agency.
Disasters: you also get covered should the destination you are heading out to should be struck by any natural calamity or should there be any political stir happening or should they be plagued by some disease.
You will also get reimbursed if there is a strike and your travel is halted. It also applies if it is required for you to pass by that region.