Travel Insurance

Planning a vacation?  As your personal insurance advisor, HUB International wants to ensure that you’ve thought of everything. When you book your trip, consider travel insurance. Between the time you book your trip and the time you depart, there are no guarantees that something won’t happen that could make travel impossible. For example, a family member could become ill or injured, requiring you to stay at home to care for them.

If you purchase Travel Cancellation/Interruption Insurance (TCI), you have more options and fewer worries, if you need to cancel your trip. TCI covers any prepayments and deposits you can’t first recover from your suppliers.  Travel insurance enables you, for a small percentage of the total cost of your trip,  to try again another day to make that journey.

The key thing to watch for with travel insurance policies is that compensation is payable for a “covered” medical reason or a “named peril” event. If your reason for cancellation is covered under the policy, the policy will pay.  Here are some nuances you need to be aware of when selecting your coverage:

Sickness and Accident - Policies sometimes exclude coverage for pre-existing conditions, but if you buy the policy at the time that you pay for your trip, that exclusion may be waived.

Terrorism -  In general, policies do not reimburse cancellation for terrorism unless an overt terrorist attack has occurred in your specific destination within a few weeks of your planned arrival. Many policies only cover terrorism if you buy within a week or two of making your first payment on the trip. Some policies will allow cancellation due to terrorism without a specific event, if an official government warning has been issued.

Natural Disasters vs. Weather - Natural disasters are generally covered, but weather often is not. This can lead to some fine print and disagreements over things like volcanic eruptions (e.g. Iceland in 2010) or hurricanes.

Work -  There are a policies that will compensate you if you have to cancel for a work-related reason, but these are the exception, not the norm.

You can buy a travel insurance policy that allows you to cancel for any reason. Broader coverage comes at a higher premium, but an “any reason” policy can provide flexibility when you need it.

Talk to your HUB International broker and make sure that the policy you select provides the level of coverage you need.

Learn More about Travel Safety

Passport to Safe Travels: Practical Advice for Affluent Travelers

Smooth your Cruise:  Heed these Personal Safety Tips While at Sea

Travel Warnings - US State Department 

Travel Warnings - Canada