Do I need Cancellation cover in my travel insurance policy?
Yes. Cancellation is one of the main reasons people claim on a travel insurance policy and as no one can predict the future, when it comes to booking a holiday and purchasing travel insurance it’s better to be safe than sorry.
If you are the type of person that books last minute city breaks leaving in a day or two then you may not feel it is necessary to buy a travel insurance policy that includes cancellation. But, say something was to happen whilst you are away and you needed to come home early, you would need a policy with this cover included.
In addition, you may have spent weeks organising your dream family holiday to Disney World and now you’re considering whether or not you need to take out a policy with cancellation cover because it’s more expensive and there is no way you’re going to miss this trip – right?! Unfortunately, illness and injury are unavoidable no matter how careful we are – without the protection of cancellation cover you will be left out of pocket should you or a travelling companion fall ill and can no longer travel!
Beware, travel insurance should be purchased as soon as you have booked your holiday to ensure you are covered straight away should the worst happen – and this includes multi trip policies too!
FAQs
The benefit is designed to protect prepaid, nonrefundable reservations, including flights, hotel reservations and other bookings if the trip is canceled due to an extraordinary circ*mstance. Each policy will state exactly which events are considered valid reasons for cancellations.
What is a travel cancellation insurance? ›
A trip cancellation plan provides coverage if your trip is cancelled for a covered reason before you depart for your trip. The benefits could include reimbursing you for the cost of non-refundable travel expenses, like trip deposits and flight change fees, if your trip is cancelled because of a covered cause.
What does cancellation cover on travel insurance? ›
What does holiday cancellation insurance cover? It covers pre-booked transport – so flights, transfers, train or ferry tickets, as well as accommodation. It will also cover the cost of any activities, excursions or tours you've paid for or are committed to paying for.
How does cancellation work on travel insurance? ›
Cancellation generally covers you for the cost of cancelled flights, hotels, visas, tours/excursions, paid-for activities or sports, and prepaid meals, less applicable excess. This is all assuming that the expenses cannot reasonably be recovered from any source.
What is the cancellation policy for travel insurance? ›
Yes, travel insurance can be canceled at any time and for any reason. However in order to receive a refund, the cancellation must occur within a policy's Money Back Guarantee period. To cancel a policy, a traveler can contact their provider directly.
How to claim trip cancellation travel insurance? ›
Document everything. If you purchased trip cancellation insurance, you'll need to submit documentation that shows why your trip was cancelled and the total amount of your pre-paid, non-refundable trip expenses which you need to be reimbursed.
What is the difference between travel insurance and trip cancellation insurance? ›
Travel protection focuses primarily on trip cancellation and gives limited protection for unforeseen circ*mstances that may cause you to cancel or interrupt your trip. Travel insurance supplies broader coverage, protecting against a wider range of possible financial losses during your travels.
Do I need cancellation travel insurance? ›
Travel insurance can help if you have to unexpectedly cancel your planned trip for a number of reasons, allowing you to claim back your non-refundable expenses and keep your money where it belongs… in your pocket.
Is travel insurance refunded for trip cancellation? ›
A trip cancellation cover offers a refund on your pre-paid, non-refundable, and deferred expenses related to the trip. In case you have made all the bookings but cannot travel due to sickness, illness, or death of the insured, travel buddy, or a family member, you will be eligible for an insurance claim.
What are valid reasons to cancel a flight and get a refund? ›
Top Reasons Most People Cancel Trips
- Injury or Illness. Sickness and injury are the top reasons for cancelling a trip. ...
- Death. ...
- Natural Disaster. ...
- Acts of Terrorism/Evacuation. ...
- Financial Default of the Travel Company.
- Death or Hospitalization of Host.
- Residence Damage. ...
- Jury Duty or Military Deployment.
The details vary from provider to provider and with each plan. If you do need to cancel, you will be reimbursed 100% of the prepaid, non-refundable trip cost for which you are insured and can provide documentation. All of this coverage, is only if the trip is cancelled due to a specific, unforeseen covered reason.
