Trip cancellation insurance—why you might need it
Trip cancellation insurance—the ‘just-in-case’ coverage for extra financial protection
7 min read
- What trip cancellation insurance covers: Trip cancellation insurance reimburses your losses if you need to cancel a trip due to illness, legal obligations, extreme weather, death, or other unforeseen issues. There are usually conditions for which events are covered.
- What isn’t covered: Most trip cancellation insurance policies have exclusions such as pre-existing medical conditions, mental health issues, pregnancy, self-inflicted injuries, and substance misuse. Make sure to carefully read and understand the terms of your policy.
- How to get reimbursed: To make a claim, you’ll need to provide the necessary documentation and follow the specific procedures outlined in your policy. You might need to provide proof of why you’re canceling, such as a doctor’s note for a medical emergency.
Whether it’s your dream vacation, a family reunion, or a week in the sun, the last thing you want to do is cancel a trip you’ve planned. And yet, like it or not, things happen, and it’s a good idea to be prepared for the worst-case scenario. That’s where trip cancellation insurance comes in.Travel insurance is a great idea in most situations, and many travel insurance plans will also include a cancellation policy. But it’s worth checking yours to see if travel is covered, and to look at how comprehensive it is. If you find it doesn’t cover much, you might want to take out an extra insurance policy for true peace of mind.
What is trip cancellation insurance?
What is covered by trip cancellation insurance?
- You or your travel companion becoming unexpectedly ill or injured
- If you or your travel companion cannot travel because of legal obligations, like being called for jury duty
- Extreme weather or a natural disaster in your destination or current location that would make it dangerous to travel
- Your death or the death of your travel companion
Who needs trip cancellation insurance?
Choosing a trip cancellation insurance policy
- Check coverage limits: Choose a plan that covers the total cost of your trip, including flights and accommodations. Make sure the coverage limits match your travel expenses.
- Understand covered reasons: Standard policies usually cover unexpected events like illness or severe weather. But if you cancel a trip because of a pre-existing medical condition, or you simply change your mind, you usually won’t be covered. Check for exclusions like these in advance to avoid any unwelcome surprises.
- Add extra protection: For added peace of mind, consider extras like trip interruption coverage or baggage delay insurance. Depending on what kind of travel you’ve got planned, it might come in handy.
- Consider comprehensive options: Evaluate the cost, duration, and destination of your trip. More expensive or longer trips might need more comprehensive coverage. Some policies even include "Cancel for Any Reason" options.
- Do your homework: Read customer reviews about different insurance providers to check the reliability and quality of their service. Comparing plans can help you find the right balance between coverage and cost.
How do I claim trip cancellation insurance?
- Receipts, booking confirmations and invoices
- Any tickets or documents that show when you were planning to travel
- Documentation of the reason you’re canceling (e.g., a doctor’s letter, a death certificate, a jury summons)
Protect what you love
Get peace of mind for your laptop, smartwatch, tablet, or smartphone with N26 Insurance.
Explore insurances at N26Trip cancellation insurance at N26
Source: https://www.travelinsuranceexplained.co.uk/policy-wordings-explained/cancellation/
FAQs
- What is trip cancellation insurance?
- What does trip cancellation insurance cover?
- When should I buy trip cancellation insurance?
- What’s the difference between trip cancellation insurance and trip interruption insurance?
- What bank accounts offer trip cancellation insurance?
- How do you take out trip cancellation insurance?
- How much does trip cancellation insurance cost?
- What additional insurance coverage is there for trip cancellations?
- Can I transfer my trip cancellation insurance to another trip?
- Can I get trip cancellation insurance after I've booked my trip?
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