What does Meituan's hotel cancellation insurance mean

Hotel cancellation insurance refers to: after paying the prepaid room fee or credit card guarantee, due to some accidents, the guests who stayed in can't use the hotel service on schedule, and the cancelled room can't return the accommodation deposit or deposit, resulting in the loss of prepaid room fee or credit card guarantee amount, and the insurance company will pay compensation to reduce the loss.

1. Treatment of compensation

Article 17 In the event of losses within the scope of insurance liability, the insurer shall compensate by paying insurance money.

article 18 when losses within the scope of insurance liability occur, the insurer shall calculate the compensation within the insured amount after deducting the deductible (rate) specified in the insurance policy according to its actual losses.

2. Dispute settlement and application of law

Article 19 The parties shall choose one of the following two ways as agreed in the contract:

(1) Disputes arising from the performance of this contract shall be settled by the parties through consultation; if negotiation fails, they shall be submitted to the arbitration commission specified in the insurance policy for arbitration;

(ii) any dispute arising from the performance of this contract shall be settled by the parties through consultation; if negotiation fails, a lawsuit shall be brought to the people's court according to law.

article 2 all disputes related to this insurance contract and arising from the performance of this insurance contract shall be handled in accordance with the laws of the people's Republic of China (excluding the laws of hong kong, Macao and Taiwan).

Reference: China People's Property Insurance Co., Ltd., the hotel cancelled the insurance clause.