Why subscribe travel cancellation insurance?

Are you going on a trip soon? Consider taking travel cancellation insurance, in order to benefit from a security guarantee for your budget!

Underwriting travel cancellation insurance is to guarantee your financial security. Organizing a stay abroad, whether it’s a weekend or a great holiday, is usually a long time in advance. The hazards of life make that sometimes you are forced to cancel this trip. Do you want to pay a stay you won't enjoy? If this is not the case, subscribe travel cancellation insurance!

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Is travel cancellation insurance mandatory?

No, travel cancellation insurance is not required. Some countries require travel insurance , this is the case of Algeria , Russia , China and Cuba (and soon Thailand ). However, in order to obtain a visa or to be able to cross the border, depending on the conditions of the countries, the compulsory travel insurance must cover medical expenses. The aim of these countries is to limit health spending for tourists.

Travel cancellation insurance is only a guarantee of travel insurance. No country will require you to subscribe. However, is it reasonable not to endorse such a guarantee? Nothing is less certain.

Why subscribe the travel cancellation guarantee?

If you fly to go abroad, it is often understood that it is best to book about 6 months in advance. Why? Just because the price of the airline tickets is fluctuating and, often, prices are lower when bookings are opened.

But in six months, it can happen a lot. There are many reasons why you can cancel your trip. However, as long as it is reserved, cancellation fees will be charged. It would be a shame to pay a trip that you will not. With the travel cancellation insurance, you get a refund and can provide for another stay abroad.

How much does it cost to cancel your trip?

The National Travel Officers’ Union (SNAV), now known as “Les Entreprises du Voyage”, has established a progressive scale for the cancellation of a seasonal rental. All accommodations do not fit on this one, but it can give an idea of what will cost you a cancellation.

However, it is more prudent to consult the general conditions of your rental. According to this scale, here are the fees that may be applied to you:

• Cancellation between 30 and 21 days before departure: 25% of the price paid;
• Between 20 and 8 days before departure: 50% of the price paid;
• Between 7 and 2 days before departure: 7% of the price paid;
• Cancellation on the eve of departure: 90% of the price paid;
• Cancellation on departure day: 100% of the price paid.

If you cancel your flight ticket, unless you have a refundable ticket without charge, the cancellation fee is equal to 100% the ticket price.

What does travel cancellation insurance cover?

In terms of insurance, each company is entirely free to determine the nature of the guarantees. There is therefore a strong bet that two travel insurance companies will not offer exactly the same conditions.

However, by making a comparison of travel insurances, and in particular the cancellation guarantee, it may be considered that it allows you to obtain a refund of your expenses if you cancel for the following reasons:

• Accidents, death or illness the traveller, the companion or a member of the family;
• An accident that occurred at home or secondary residence of the insured;
• An accident that occurred at vehicle of the insured;
• One Unknown pregnancy when booking or pregnancy complication ;
• One. Professional impediment or obtaining a job ;
• One. economic termination the traveller or his spouse;
• One Administrative summons or one review ;
• One medical contraindication ;
• One. theft of identity papers necessary for the trip;
• One. visa refused.

Exclusions of this travel insurance

When you sign a travel insurance contract, or any insurance, we can only advise you well read general conditions . The devil is hiding in the details. This is where you will discover the possible exclusions of your contract.

Once again, each insurance company (Chapka, Europ Assistance or Global Assistance become Allianz Partners France) free guarantees and exclusions.

However, certain grounds are never taken into account by insurers:

• Transport strike ;
• Cancelled ;
• Surbooking ;
• Etc.

“all justified causes” insurance

With a higher cost, some travel cancellation insurance offers you compensation as long as you are able to justify the cause of your cancellation. This makes it possible to bet on wider events. This time, when you cancel due to a sudden, unpredictable and independent event of your will, the warranty applies.

Study the guarantee ceilings

Again, as for any insurance, it is important to check the guarantees ceilings. For example, in case of travel cancellation, insurance can take care of your accommodation up to 5 000€ . Depending on the duration of your stay, your destination and the nature of the accommodation you had chosen, this may not be sufficient.

Attention to the franchise

Another very important point to check before anything: the amount of the franchise your insurance. Of course, there are contracts without deductibles, but it is not uncommon that in the event of a cancellation, you have to take charge of some of the costs. With one Mastercard , for example, you pay a deductible 20% in case of cancellation.

The steps to be taken if you cancel your trip

If, unfortunately, you have to give up your trip, you must alert within 5 days your travel insurance company. Your request must be accompanied by a supporting documentation (medical certificate, death certificate, loss certificate, etc.) so that your insurer can study your file and make sure that this cancellation is properly handled under the terms of your contract.

In parallel, contact all persons concerned by your cancellation (airline, hoteliers, etc.) and learn about the steps to be taken so that your insurance can proceed with compensation as soon as possible.

Travel cancellation insurance: how much does it cost?

The cancellation insurance price will vary according to different criteria:

• The selected insurer ;
• The level of guarantees ;
• Compensation ceilings.

Generally speaking, it is estimated that this guarantee costs between 3 and 6% the amount insured. However, only a comparison of travel cancellation insurance will allow you to know a more accurate rate. Do not hesitate to do some request for quotation , it’s free of engagement .

How to subscribe travel cancellation insurance?

You have several solutions for this. However, some solutions will certainly be better adapted and less expensive.

Subscribe to a tour operator

If you organize your trip with a tour operator, it can quite offer you a package. Flight, hotel and travel insurance will be included in your package.

This solution can present a limit : travel insurance will not be not necessarily customizable . Tour operators define rates that include certain guarantees, it is not certain that it is always suitable. Read the conditions before signing and, above all, compare the offers before you enter.

The tour operator is not an insurer, it is only an intermediary and must win its life. His commission could cost you a lot.

Choose a high-end banking card

If you have a Gold Mastercard, you receive a travel cancellation insurance with a travel cancellation cap 5 000€ but a franchise 20% is applied.

With the Mastercard Platinium or Elite, the ceiling is 10 000€ , but always with a franchise 20% .

If you have a high-end card, it is important to check guarantees, franchises, ceilings and exclusions. In some cases it will be amply enough and subscribing travel insurance will duplicate, a loss of unnecessary money. In other cases, a supplementary guarantee will be appropriate.

In addition, once again, you are required the guarantees and you cannot customize your offer.

Write to an insurer

This is certainly the best solution. By comparing the offers of different travel insurances, you will be able customize your guarantees and only subscribe to the blankets you need.

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For your travel cancellation insurance, each insurer will determine safeguards levels. You choose the best solution. The objective is not to subscribe to subscribe. You need to optimize your budget by choosing insurance that offers you the best value for money. This insurance must be consistent with your travel and cost.

Needless take a guarantee with a ceiling 10 000€ if your trip didn't cost you €3 000 . It is undoubtedly by making a comparison and customizing that today it is possible to find the best travel cancellation insurance.

Now that you are well informed, you can now take (or not) the most suitable travel cancellation insurance. However, we hope that it will remain in security and that your stays will go perfectly!