Everything you need to know about Cancellation Insurance
Introduction
Cancellation insurance can save you a lot of financial worries if you have to cancel or end your trip early. Whether it concerns illness, death in the family, or other unforeseen circumstances, cancellation insurance offers important protection. In this blog we delve deeper into what cancellation insurance entails, when it comes in handy and what you should pay attention to when choosing the right coverage.
1. What is Cancellation Insurance?
Cancellation insurance covers the costs of a trip that you cannot make or have to cancel prematurely. This may involve:
Cancellation costs: Reimbursement of the travel sum or part thereof.
Interruption costs: Coverage of unused vacation days if you have to end your trip early.
2. What is Covered by Cancellation Insurance?
Personal circumstances:
Illness, accident or death of yourself or an immediate family member or travel companion.
Pregnancy complications or a medical indication.
Family circumstances:
Death, serious illness or accident of a family member in the first or second degree.
Work-related reasons:
Unexpected dismissal.
Getting a new job with obligations during your planned trip.
Unforeseen events:
Damage to your home due to fire or burglary.
Important events such as an unexpected call for a medical procedure.
Optional additional coverage:
Coverage for cancellation due to, for example, a natural disaster at your destination.
Coverage for composite trips (flights and accommodations booked separately).
3. How does cancellation insurance work?
Take out the insurance immediately:
It is important to take out cancellation insurance immediately when booking your trip. This prevents unforeseen circumstances that occur before the effective date from not being covered.
Declare your costs in case of cancellation:
If your trip is canceled, you can file a claim with your insurer. Make sure you have all relevant documents such as cancellation confirmations, medical certificates and booking invoices at hand.
Please note the maximum reimbursement:
Always check the maximum amount that will be reimbursed. This may vary per insurer.
4. What are the Exclusions?
Although cancellation insurance offers extensive coverage, there are also situations that are often not covered:
Traveling to risk areas: Cancellation due to negative travel advice may be excluded.
Pre-existing conditions: Medical conditions that were already known when taking out the insurance.
Own negligence: For example, if you forget to arrange necessary visas or documents.
Uninsured traveling companions: If a traveling companion without cancellation insurance has to cancel, your insurance cannot cover this.
5. Different Types of Cancellation Insurance
Short-term cancellation insurance:
Specific for a one-way trip.
Ideal for occasional travellers.
Continuous cancellation insurance:
Covers several trips per year.
Convenient for frequent travelers.
All-risk cancellation insurance:
Coverage for virtually any reason for cancellation, including personal reasons such as breaking up a relationship.
Usually higher premiums, but extensive flexibility.
6. Why do you choose Cancellation Insurance through Finass Verzekert?
Expert advice:
Finass Verzekert helps you choose the right cancellation insurance, tailored to your travel plans.
Collaboration with top insurers:
Renowned partners such as Allianz and Hiscox ensure reliable coverage and fast claims handling.
Custom options:
Choose from additional modules for extra security, such as cover for composite trips or natural disasters.
Peace of mind:
By taking out good insurance, you can make plans for your next trip without any worries.
Conclusion
Cancellation insurance is an indispensable addition to your travel insurance. It protects you against high costs and provides security if your trip does not go according to plan. At Finass Verzekert you can count on expert advice and insurance that fully meets your needs. Contact us for more information and enjoy worry-free travel preparations.
