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Travel cancellation insurance: What do I have to pay attention to?
Does travel cancellation insurance really make sense? Find out everything about costs, benefits and important tips from financial tip expert Saidi Sulilatu in an interview with SWR Aktuell. Protect your vacation budget!
Travel cancellation insurance: What do I have to pay attention to?
Traveling can be expensive these days, and it's frustrating when unforeseen circumstances ruin a planned trip. The question of whether travel cancellation insurance makes sense is often discussed. According to Saidi Sulilatu from the money guide Finanztip, it is not absolutely necessary to take out such insurance. It depends on whether the trip is expensive and whether cancellation fees would apply if it were canceled.
For an expensive long-distance trip where high costs have already been paid in advance, travel cancellation insurance can be useful. This primarily covers short-term illnesses, both for the insured person and fellow travelers. Other unforeseen events such as failed exams or disasters at home may also be covered under certain conditions.
In the event of illness before the trip, it is important to contact the insurance company immediately. It should be clarified whether cancellation is necessary or whether a postponement is possible. All relevant receipts for the costs incurred must be submitted, even for individually booked travel services such as flights and hotels.
When choosing travel cancellation insurance, it is advisable to pay attention to comprehensive benefits and insurance for the most important reasons. Annual contracts are often cheaper, but it is important to cancel them in good time if they are no longer needed. The conclusion is that travel cancellation insurance can be useful in certain cases, but is not absolutely necessary for every trip.