Does A Future Credit Result In A Lower Trip Cost?

by Steve Dasseos on November 30, 2011

Hi Steve, There’s been a price reduction on the air portion of our trip. We have already paid up front for the higher price, and the savings that we will receive will come in the form of a credit toward future air travel, once I go about this procedure online. My Travel Insured policy states (page 19, part 1) concerning the pre-existing conditions waiver, “You must purchase the policy for the full non-refundable cost of Your Trip.”

Does the amount that I should insure to get the pre-existing conditions waiver and Cancel For Any Reason remain the amount with the higher air charges, or can I insure up to the new lower amount, even though the higher amount has been paid, and there will be no cash refund? Thanks, Elizabeth

Hi Elizabeth,

You won’t be able to lower your trip cost. That’s because the savings is coming in the form of a future credit and not a refund to you. If you can get the airline to refund you the money in cash you can lower your trip cost.

If you don’t get a cash refund and keep the credit, be sure to insure your plane ticket’s cost after the credit is applied so you don’t over-insure your ticket and pay too much for the trip insurance.

I hope this makes sense. If you want the right travel insurance advice, call us at 1-888-407-3854 and we'll help you figure it all out.

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