In many cases, airfare, hotel reservations, tours, and cruises are non-refundable—either up-front or within a specific time frame before your travel date. Should unforeseen circumstances force you to postpone or cut your vacation short, trip insurance can recoup some or all of those expenses.
It would help if you considered the cost of your trip, what situations you’re looking to cover, and how much you’re willing to spend. Cheaper plans sometimes have a price cap. If the value of your vacation exceeds the cap, consider upgrading. There’s also a variety of policies to cover different circumstances.
As your travel advisor, we’re here to answer any questions you may have about finding a policy, but always remember to know the specifics of what you’re buying. While "cancel for any reason" policies can be tempting, be aware that they might not cover as much as a more expensive plan.