Home Products Services What's New FAQ Contact Us Resources Sunday, October 20, 2019


Our Products : Travel Insurance

Trip Cancellation Insurance
Trip Cancellation Insurance
Show Larger Photo

This would reimburse you if the cruise line or tour operator goes out of business. It would also provide coverage if you have to cancel the trip due to sickness, a death in the family or another calamity listed in the policy.

In addition, if you or an immediate family member becomes seriously ill or is injured during the trip most policies would reimburse you for the unused portion of the vacation.

The cost is generally five to seven percent of the price of the vacation, so a $5,000 trip would cost roughly $250 to $350 to insure.

Trip cancellation is very different from a Cancellation Waiver that many cruise and tour operators offer. Waivers are relatively inexpensive, costing approximately $40 to $60. They provide coverage if you have to cancel the trip, but they have many restrictions. They must be purchased when you book the trip and will usually not cover you immediately before departure (the time period most people cancel) or after the trip has begun. Most importantly, waivers are not insurance. Cancellation Waivers are not regulated by the state department of insurance, so if your tour or cruise operator gets into financial difficulty, you may not be able to collect.

 
 



 
WHAT'S NEW

10/1/2015

Tax Planning Season 2015

9/1/2015

RRSP Deadline March 2, 2015

1/15/2015

Opportunity for Income

8/17/2010

Critical illness insurance: Essential coverage

More News  

TOOLS
Get a Quote
Calculate Retirement Income
Income from RRSP Contributions
How much Life Insurance
Calculate Length of Disability

JOIN OUR NEWSLETTER

Name:
Email:
 
Home | Products | Services | What's New | FAQ | Contact Us | Resources | Request Quote |

© 2006. Created and maintained by WebPro Solutions Inc
This site is optimized for Netscape 5 and Internet Explorer 5 or higher. Please download an updated version now.