Rounding Up Your Trip Cost

by Steve Dasseos on January 11, 2008

We estimate our cruise’s per person cost at $4,171, but we might add a shore excursion. What trip cost should we insure? Thanks, Diane P.

Great question Diane! As you said, you don’t know exactly what your final prepaid non-refundable trip cost will be. Therefore, I suggest you round your trip cost up to the top of the range which is $4,500 each.

It’s the same cost to you as $4,171. If you round your trip cost up to $4,500 each, this gives you a cushion for the pre-existing medical conditions waiver in case you prepay other non-refundable items and forget to tell us.

Another benefit of rounding up is when you require the waiver of the pre-existing condition exclusion or you are getting the Cancel For Any Reason benefit. Many plans’ rules include “you must insure the entire per person prepaid non-refundable trip cost“. If you under-insure the trip cost you’ll lose these benefits.

Depending on the plan, the per person trip cost is in $500 or $1,000 increments. You can learn more about what’s included in your Trip Cost here.

I hope this made sense. If you have any questions about travel insurance, email Steve (me), The Travel Insurance Guru, here.

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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