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What Does “100% of Trip Cost” Mean in Travel Insurance?

When you see “Trip Cancellation: up to 100% of Trip Cost” in your plan benefits, it simply means: your policy will reimburse you for all prepaid, nonrefundable travel expenses you insured, up to the amount you entered when purchasing.

💵 What Counts as Trip Cost?

Include any prepaid, nonrefundable expenses, such as:

  • Airfare (including taxes and fees)

  • Cruises and tour packages

  • Vacation rentals, hotels, or resorts

  • Prepaid excursions or event tickets

👉 If you can get a full refund from the provider, don’t include that amount in your insured trip cost.

 

➗ How to Handle Shared Costs

If the price you paid covers multiple travelers (like a cruise cabin for two):

  • Split the cost evenly between the travelers on your policy

  • Example: $6,000 cruise cabin for two → insure $3,000 per traveler

 

⚖️ Why Accuracy Matters

  • Underestimating trip cost: If you insure less than you paid, you may not be fully reimbursed if you cancel.

  • Overestimating trip cost: You’ll pay a higher premium than necessary without extra coverage.

 

🔄 Changing Your Trip Cost

If you make additional payments after purchasing (like final balances or added excursions):

  • Update your insured trip cost with your agent or through a change request form

  • Keeping it accurate ensures your full investment is protected

 

🛡️ Bottom Line

“100% of Trip Cost” means your policy reimburses the full amount you insured, as long as the expenses were prepaid and nonrefundable. Be careful to calculate your trip cost correctly, and update it if your plans change.

👉 Need help calculating your trip cost? Use our quote form, and we’ll walk you through it.

 

⚖️ Disclaimer

This article is for general informational purposes only and does not guarantee coverage or benefit eligibility. Plans vary by provider, and all benefits are subject to policy terms and exclusions.

Please note: Insurance Consultants International is not the claims department and does not determine claim outcomes. All decisions regarding coverage and reimbursement are made by the licensed claims administrator named in your plan documents.

It is the insured’s responsibility to review their full policy documents to understand what is and is not covered.