Trip Cancellation and Interruption | Travelex Insurance (2024)

FAQs

What is trip cancellation and trip interruption insurance? ›

Protect your purchase with trip cancellation and interruption insurance. This coverage protects you financially in case you get sick or an unexpected event forces you to cancel your trip, come home early or delay your return home.

Trip cancellation insurance can reimburse you for 100% of your nonrefundable and prepaid trip costs if you cancel for a covered reason, which may include: Death of your travel companion, business partner or family member (policies differ on who is considered a family member).

The most common covered reason is unforeseen illness, injury, or death of the traveler, a traveling companion, or a non-traveling family member. Other common covered reasons include terrorism, inclement weather, or a natural disaster, among others. Not being able to travel as planned is a major concern among travelers.

Trip cancellation insurance will pay you back for your pre-paid, deferred, and non-refundable expenses if you cannot go on your trip because of the sickness, illness or death of the insured, travelling companion or an immediate family member.

These covered reasons vary according to the plan you purchase, but here are some examples: • A terrorist event happens at your destination within 30 days of the day you're scheduled to arrive. • The insured traveler, traveling companion or a family member suffers a serious covered illness or injury.

Refund of Insurance Cost After Trip is Cancelled

Therefore, if you need to cancel your trip for a covered reason, you would receive a refund for your prepaid and non-refundable costs, but not what you paid for the travel insurance.

US law does not mandate monetary compensation for canceled flights. However, many airlines offer forms of compensation such as meal vouchers, hotel accommodations, ground transportation to and from the hotel, and in some cases, travel vouchers.

Travel insurance can provide cover if you need to cancel your flight. This means that if you have to cancel your flight or your holiday for an insured reason such as illness, redundancy or your home becoming uninhabitable you can make a claim on your travel insurance to recoup the cost.

The majority of travel insurance policies will provide cancellation cover for the following limited reasons; Death, injury or illness of you or a travelling companion. Death, injury or illness of a close relative not travelling with you. You or a travelling companion are called for Jury Service.

A number of credit cards provide various types of travel insurance (including trip cancellation, trip interruption and car rental loss and damage insurance) when you use your card to pay for flights, rental cars and other travel expenses.

Can I cancel my trip if I have insurance? ›

Can I cancel my flight with travel insurance? In many cases, yes, you can cancel your flight and be reimbursed if you have an eligible reason for canceling. You may not cancel the flight because you've changed your mind. You must have a valid reason that is detailed in your travel insurance policy.

How much is travel insurance? The average cost of travel insurance is 5% to 6% of your nonrefundable trip expenses.

Trip cancellation kicks in if certain medical or non-medical events occur before you leave home, so you're reimbursed on all or some costs, depending on your coverage. Trip interruption reimburses you if a similar set of events occur after you leave home and during your trip and you're forced to return home.

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.

If your flight was canceled due to specific reasons listed in your travel insurance policy—such as mechanical failure, the bankruptcy of the airline or a shutdown of the air traffic control system—your trip cancellation insurance can reimburse your forfeited, non-refundable trip costs.

Policies differ between providers, but cancellation cover usually includes: An injury or illness that prevents you from travelling. A fire or flood at your home.

When you pay the full price of your tickets with your valid and active Visa card, you, your spouse and dependent children under 23 years of age are each automatically covered for prepaid travel and/or lodging expenses that are not recoverable if a covered trip is cancelled due to serious illness or injury, or due to ...