Trip Cancellation Insurance – Trip Interruption Insurance

Unlike travel medical insurance, which is meant to protect your health/your body, trip cancellation insurance is designed to protect your finances against loss of non-refundable trip deposits, non-refundable tickets, etc.. It also protects you in case you cannot go on a planned trip or must return home early before your trip is complete.

Many travel agents offer travel insurance – meaning trip cancellation insurance coverage. However, not only is it more expensive than travel medical insurance, it often has very poor travel medical benefits.

The trip cancellation insurance products offered through Good Neighbor Insurance all feature strong travel medical coverage and benefits. They also offer excellent trip cancellation benefits. This includes up to 100% return on investment and/or what is called “cancel for any reason.”

Most trip cancellation insurance policies list specific reasons you may be refunded in case you must miss your trip. These may include:

Sickness, injury or death of you the insured, an immediate family member, traveling companion, or business partner. Medically imposed restrictions as certified by a Physician at the time preventing your continued participation in the trip.
If you, the insured must cancel or interrupt your trip due to injury or sickness of an immediate family member not traveling with the insured, because their condition is life threatening.
If you must assume daily management of a business.
Financial Default of an airline, cruise line, or tour operator. This is provided the financial default occurs more than 14 days following your effective date for the Trip Cancellation.
Strike resulting in complete cessation of travel services at the point of departure or Destination.

Your primary residence or your destination is made inaccessible or uninhabitable by fire, natural disaster, vandalism, or burglary.
(Note: Benefits are often not payable if a hurricane is named on or before the effective date of the Insured’s Trip Cancellation coverage.)
If you are subpoenaed, required to serve on a jury, hijacked, or quarantined.
If you are called to active military service or your military leave is revoked or reassigned.
A terrorist incident occurs, in a city listed on your itinerary, within 30 days of your scheduled arrival.
If you or a traveling companion’s employment is terminated or laid off through no fault of his or her own. This is provided that he or she has been an active employee for the same employer for at least one year. (This provision is not applicable to temporary employment, independent contractors or self-employed persons.)

Some policies also allow for trip cancellation due to a pre-existing medical condition.
However, we also have policies that allow you to “Cancel for any reason.” If interested, we encourage you to contact us for more details.

Other Items to Watch For

You should pay attention to how early after you pay your deposit you must choose to purchase trip cancellation insurance. Sometimes it is within 10 days, or sometimes 30 days.

There are also limits on trip costs (for example, “Coverage up to $25,000 per person”), and length of trip it will cover.

We are ready to help you select the right trip cancellation insurance policy that is right for you and your travel needs.
Contact us at 1(480)813-9100 or email us at info@gninsurance.com for a recommendation.