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What does trip cancellation ‘less any refunds’ mean?

October 6, 2011 By Damian Tysdal

Future travel vouchersTravel insurance trip cancellation coverage provides reimbursement for the pre-paid non refundable trip costs included in your itinerary less any refunds you receive from travel suppliers.

If you cancel a portion of your trip or your entire trip for a covered reason, you won’t encounter this situation. You’ll simply make your claim and receive a refund as long as the cancellation was covered by your policy rules.

If a portion of your trip or your entire trip is cancelled by a travel supplier, say a tour operator, an airline, a cruise line, for example, then it’s their responsibility to provide compensation to you. In the case of most travel suppliers – airlines and cruise lines in particular – this compensation is in the form of future travel vouchers and sometimes this doesn’t appeal to the traveler who may feel they have a right to receive cash reimbursement instead. Unfortunately, if a travel supplier’s compensation doesn’t appeal to you, you’ll have to take it up with the travel supplier because they’re the ones responsible in this situation.

You can think about it this way: if a travel insurance company provided reimbursement for cancellations where the insured also received future travel compensation from the travel supplier, then the insured would essentially be doubly compensated.

Similarly, you wouldn’t expect to be doubly compensated for a car accident by both your own automobile insurance and the other participant’s automobile insurance. As long as the car is repaired or replaced, that’s all that is expected. Travel insurance companies, just like any other insurance provider, have the right to limit their liability and this is one of the ways they do that.

Filed Under: Learning

About Damian Tysdal

Damian Tysdal is the founder of TravelInsuranceReview, and he believes travel insurance should be easier to understand. See more from Damian on Google+.

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My name is Damian, and I started this website in 2006 to help travelers understand travel insurance.

The site features company reviews, guides, articles, and many blog posts to help you better understand travel insurance and pick the right plan for your trip (assuming you actually need travel insurance).

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