Noah Meyer-Delouya, 25, only bought trip cancellation insurance once — and it paid off.
The Toronto-based accountant did it because he, his mom and his brother bought cheap tickets to Los Angeles this past January. They figured $67.89 for trip cancellation insurance for all three of them wasn’t too much extra money to protect their trip.
Five days before the trip, his mom tested positive for COVID. Two days later, his brother tested positive too. Meyer-Delouya got lucky and didn’t contract COVID. But the family decided to cancel all their tickets and cash in their trip cancellation policy. According to McAleer, not only does trip cancellation insurance cover flight fare if a ticket holder becomes ill and can’t fly, but also if a family member gets sick, an accident before the trip or some other unforeseen circumstance. Other non-refundable trip purchases, like accommodations, may also be included under the policy.
Despite his success with trip cancellation insurance in January, Meyer-Delouya doesn’t plan on buying trip cancellation insurance for his summer travels to Morocco, Spain and Japan. Trip cancellation tends to amount to about four to 10 per cent of the cost of the non-refundable expense of a trip, according to Ratehub. The site estimates that the average trip cancellation insurance costs $170, which is close to half of that inaccessible $300.
The next thing to consider is the actual trip cancellation policy. McAleer said that many people have trip cancellation insurance through their credit cards and employers, so you may not need to purchase an additional policy.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
What you need to know to decide if trip cancellation insurance is worth the costNoah Meyer-Delouya, 25, only bought trip cancellation insurance once — and it paid off. The Toronto-based accountant did it because he, his mom and his brother bought cheap tickets to Los Angeles this past January. They figured $67.
Read more »
Trevor Noah's new gig? A Spotify podcastTrevor Noah may have left hosting 'The Daily Show,' but he's not giving up the spotlight. It was announced Tuesday that he will be hosting a new Spotify podcast.
Read more »
What you need to know to decide if trip cancellation insurance is worth the costNoah Meyer\u002DDelouya, 25, only bought trip cancellation insurance once — and it paid off. The Toronto\u002Dbased accountant did it because he, his mom and his brother…
Read more »
Ask Lisi: Dad wonders if dance classes are worth it for awkward kidAdvice: It’s the growth of the child, the social interaction, the exercise, the fun that you’re paying for.
Read more »
Cookie scion sells Quebec startup Poka as private equity continues to eat software firmsDeal worth roughly $200-million for startup incubated at CEO’s family company Biscuits Leclerc
Read more »