{"id":6859,"date":"2018-11-12T22:44:03","date_gmt":"2018-11-13T04:44:03","guid":{"rendered":"http:\/\/TripInsuranceStore.com\/blog\/?p=6859"},"modified":"2018-11-12T22:44:03","modified_gmt":"2018-11-13T04:44:03","slug":"why-must-i-insure-the-full-trip-cost","status":"publish","type":"post","link":"https:\/\/tripinsurancestore.com\/blog\/why-must-i-insure-the-full-trip-cost\/","title":{"rendered":"Why Must I Insure The Full Trip Cost?"},"content":{"rendered":"
Subscribe<\/a><\/span><\/div>\n

Hello Steve, I don’t think it’s right that in order to have the Pre-Existing Medical Conditions exclusion waiver and \/ or the Cancel For Any Reason coverage, the Travel Insurance company makes me insure all my non-refundable prepaid trip costs. If I want to self-insure any of my prepaid trip costs I should not be penalized for doing this. After all, it’s less risk to the Travel Insurance company. Doesn’t this make sense to you?<\/p><\/blockquote>\n

and<\/p>\n

Can you kindly provide some more color behind why I have to insure the full cost of my trip to get the Waiver of the Pre-Existing Conditions Exclusion? It seems strange to insure the full cost of something I’d be getting a credit on if I cancelled my trip. For example, I bought a plane ticket a few years ago and had to cancel the trip. I paid the $100 fee and the airline gave me a non-transferable credit I had to use within a year. I booked something new and took the trip. I do not agree with how the travel insurance company is defining a trip cost.<\/p><\/blockquote>\n

We often get Trip Cost questions like these. I sympathize with the spirit and logic of the questions, but the reason companies require you to insure all your non-refundable prepaid trip costs to have the Pre-Existing Medical Conditions exclusion waiver and \/ or the Cancel For Any Reason coverage (and possibly other coverages) is that is their rule.<\/p>\n

An insurance company has the right to determine how its policy works. As a consumer, you are not obligated to buy any specific insurance policy. However, if you want to insure against a specific risk with an insurance policy, you are obligated to accept all the policy wording.<\/p>\n

Put another way, the insurance company, like any business, has a right to create a product it expects to make a profit on. No one is being forced to buy the policy being offered. It’s a free market and if the potential purchasers do not like the product terms being offered, they have the right too refuse to buy it.<\/p>\n

If you want to learn more, read this to find out what the “Trip Cost” means: https:\/\/tripinsurancestore.com\/what-is-your-trip-cost\/<\/a><\/p>\n

Here’s another tip: Don’t round your trip cost down to save money: https:\/\/tripinsurancestore.com\/blog\/dont-round-your-insured-trip-cost-down\/<\/a><\/p>\n

I hope this made sense. If you have any questions about travel insurance, email Steve (me), The Travel Insurance Guru, here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Subscribe Hello Steve, I don’t think it’s right that in order to have the Pre-Existing Medical Conditions exclusion waiver and \/ or the Cancel For Any Reason coverage, the Travel Insurance company makes me insure all my non-refundable prepaid trip costs. If I want to self-insure any of my prepaid trip costs I should not […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-6859","post","type-post","status-publish","format-standard","hentry","category-how-travel-insurance-works"],"_links":{"self":[{"href":"https:\/\/tripinsurancestore.com\/blog\/wp-json\/wp\/v2\/posts\/6859","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tripinsurancestore.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tripinsurancestore.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tripinsurancestore.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tripinsurancestore.com\/blog\/wp-json\/wp\/v2\/comments?post=6859"}],"version-history":[{"count":0,"href":"https:\/\/tripinsurancestore.com\/blog\/wp-json\/wp\/v2\/posts\/6859\/revisions"}],"wp:attachment":[{"href":"https:\/\/tripinsurancestore.com\/blog\/wp-json\/wp\/v2\/media?parent=6859"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tripinsurancestore.com\/blog\/wp-json\/wp\/v2\/categories?post=6859"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tripinsurancestore.com\/blog\/wp-json\/wp\/v2\/tags?post=6859"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}