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[header] How to shop for trip cancellation insurance [title] Evaluate your financial investment in the trip. [step] Most trip cancellation policies range in price from 2 to 9 percent of your total trip cost. The price factors in your age, and cost and length of your trip.

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  1. [substeps] If you got a cheap flight of $99 or less, your investment in your trip is rather small and you might have little need for trip cancellation insurance. On the other hand, if you booked a $10 , 000-plus cruise, you have more invested and more to lose.
  2. [substeps] Take a look at your plans at the end of the year to determine if you are following your plan for your trip. Personal data like your credit card or other spending habits may influence your decision on whether or not to use the trip-cancellation plan.
  3. If you have a significant amount of money to spare, you may want to consult with your accountant and tax advisors to weigh the options. [substeps] Many trip cancellation policies face significant downsides: expenses are eliminated and you gain a little money back.
  4. Take these into account before purchasing future trip cancellation policies. [substeps] If you're traveling by rail or boat only, start off with the pre-trip rates, which are offered at border crossing airports.

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