Is Your Holiday Cancellation Cover High Enough?

When people compare Travel Insurance, they often focus on price.

But one of the most important things to check is something many travellers overlook – how much cancellation cover you actually have.

If you’ve booked an expensive holiday, choosing a policy with a cancellation limit that’s too low could leave you out of pocket if you need to cancel for an insured reason.

What is Cancellation Cover?

Cancellation cover can help reimburse the non-refundable costs of your trip if you have to cancel before you travel for a reason covered by your policy, such as:

• Serious illness or injury
• Bereavement
• Jury service
• Certain emergencies at home
• Other insured events listed in your policy wording

The amount you’re covered for is known as your cancellation cover limit.

Why the Cancellation Limit Matters

Imagine you’ve booked a holiday that costs:

• Flights: £1,500
• Hotel: £3,000
• Cruise and excursions: £2,000

That’s £6,500 per person already committed before you’ve even packed your suitcase.

If your Travel Insurance only provides £5,000 cancellation cover per person, you could be responsible for the remaining £1,500 if you needed to cancel for an insured reason.

That’s why it’s important to make sure your cancellation cover reflects the total value of your share of the holiday.

Holidays are becoming more expensive

Whether it’s a luxury cruise, a once-in-a-lifetime safari, a family trip to Disney or an extended tour of Australia, holiday costs have risen significantly in recent years.

Many travellers now spend several thousand pounds on a single booking, making adequate cancellation cover more important than ever.

If you’ve added up the cost of your holiday and it’s higher than the cancellation limit available on your chosen policy, don’t panic. Depending on the insurer and policy you’ve selected, there may be options to increase your cancellation cover without changing your entire policy.

What if your trip costs more than your insurer’s standard limits

Most Travel Insurance policies have a maximum cancellation limit built in.

If your holiday costs more than the standard limit available, you may be able to increase your level of protection with Boost: Cancellation Insurance.

Boost allows eligible customers to increase their cancellation cover, helping ensure the value of their trip is better protected if they need to cancel for an insured reason.

This can be particularly useful for:

• Luxury holidays
• Cruises
• Long-haul trips
• Family holidays
• Multi-centre itineraries
• Once-in-a-lifetime adventures

What is Boost: Cancellation Insurance?

If your holiday costs more than your policy’s standard cancellation limit, Boost: Cancellation Insurance may allow you to increase your cancellation cover.

In some cases, adding Boost to a lower-tier policy, such as Bronze, can provide the cancellation cover you need and may cost less than moving to a higher-tier policy, such as Gold. The best option will depend on your destination, age, medical history and the value of your trip.

Boost Cancellation Insurance is a standalone product that provides up to £25,000 per person in additional cancellation cover on top of an existing Travel Insurance policy. Underwritten by Starr International (Europe) Limited, it’s designed to provide extra financial protection when the total cost of your holiday exceeds the cancellation limit included within your core Travel Insurance policy.

Available by telephone only, our team can discuss your holiday plans, explain how Boost Cancellation Insurance works and help you choose the most suitable level of cancellation cover for your trip.

Before you travel…

Before you buy your Travel Insurance, take a few moments to check:

✓ The total cost of your holiday

✓ The cancellation cover included in your chosen policy

✓ Whether the cancellation limit is enough to cover your prepaid, non-refundable costs

If your holiday is worth more than the cancellation limit available, speak to our team about whether Boost: Cancellation Insurance could be the right option for you.

*Terms, conditions and exclusions apply. Always check your policy wording.