While no one plans on having to cancel or return early from a trip, it is an unfortunate reality. Unforeseen events like illness, injury, death and more can happen to anyone at any time.
For snowbirds and seniors, insuring your trip in the event you need to cancel or come home early can make a lot of sense for multiple reasons:
- The cost of your travel can be significant, often having a dollar value well into the five-figure range
- The need to cancel or interrupt a trip due to illness, injury and other reasons can increase with age
Trip cancellation and interruption insurance can help protect you from big financial losses by reimbursing you for non-refundable, pre-paid travel expenses like airfare, cruises, tours, hotels and vacation rentals.
Don't put yourself at risk of losing thousands, or even tens of thousands, of dollars.
Our agents can help you determine if it’s worthwhile for you to obtain trip cancellation and interruption insurance based on the type and value of your travel expenses.
What Does Trip Interruption and Cancellation Insurance Cover?
Trip interruption and cancellation insurance covers you for non-refundable, pre-paid travel expenses like airline tickets, cruises, tours, hotels and vacation rentals.
Be aware that your expenses will only be covered if you cancel or interrupt your trip for a reason that is covered by your policy.
It's also important to know that this type of travel insurance doesn't cover you for medical expenses - you'll need a single-trip travel medical insurance policy or multi-trip annual travel medical insurance policy for that.
If you're looking to combine travel medical insurance and trip interruption and cancellation insurance, we suggest you consider an all-inclusive travel insurance policy that covers both types of risk.
When Does Trip Cancellation Insurance Cover You?
Trip cancellation insurance provides coverage from the time you purchase your policy up to the day you leave on your trip. Should you have to cancel your trip due to unexpected or unforeseen covered risks, this coverage can help you recoup non-refundable, pre-paid travel costs.
When Does Trip Interruption Insurance Cover You?
Travel interruption insurance provides coverage while you are on your trip if you have to return home early due to an unexpected or unforeseen covered risk, or your scheduled carrier is delayed by weather conditions.
What Risks are Covered By Trip Cancellation and Interruption Insurance?
Common covered risks that may entitle you to reimbursement if you have to cancel or interrupt your trip include:
- Injuries
- Sickness
- Death
- Canadian Government has issued an advisory against travelling
- Disaster at your residence in Canada
- Job loss
- Flight cancellation
It's important to note that you can't cancel your trip for any reason and get your money back. In order for trip cancellation and interruption insurance to apply, the cancellation or interruption of your covered trip must meet the following criteria:
- It must result from an unforeseen event
- It must be for a reason covered by your insurance policy
- It must occur during your coverage period
- The travel expenses you are claiming must be non-refundable and pre-paid
How Much Does Trip Cancellation and Interruption Insurance Cost?
Premiums for trip cancellation and interruption insurance are calculated as a percentage of the value of the travel expenses you are insuring, so it's important to know what these expenses are when you inquire about a quote.
