Calculating Your ‘Insurable’ Cruise Costs

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by Jeremy Miville

People often ask how they can save money on their travel insurance. None of us likes spending extra on “what if’s,” and if there is a way to cut costs, we’ll take it. Now, you must know it is illegal in the United States to discount or incentivize travel insurance. But with that said, there is an easy way to shave a few dollars off the cost:
Calculate your insurable cruise costs the correct way!

How often do we guess at costs? And when we make those guesses, what do we do? We round up.

That $789 fare becomes $800. The transfer for four from the hotel to the ship really costs $178, but we round to $200. It’s easy to make a $3,847 trip look like $4,000 on paper, and that could put your insurance into a different pricing bracket.

In addition to NOT rounding, you should also think of all the costs you could lose if not protected by your insurance plan. Remember, the plan is looking to protect your pre-paid and non-refundable purchases.

Here are the line-items you’ll want to consider:

The Fare
Unlike hotels, cruise fares are listed per person, not per cabin, with rates based on two people occupying a stateroom. The good news is that when you insure through InsureMyTrip, they ask for the total trip cost for all people. You won’t need to try to divide stateroom costs between travelers.

Add your cost of flights, without rounding! But remember that port taxes or fees are not always included. But again, this is one of the beautiful things about InsureMyTrip and travel insurance. As you add pre-paid trip costs after your insurance plan is purchased, you can call their licensed representatives and update your policy accordingly.

Don’t Forget Transfers
Shuttle, bus or taxi, add in the costs for both embarkment and disembarkment. You can add in your parking fees too if you’re driving into the port from home or with a rental car.

Include Packages
Pre-paid costs include those meal upgrades, unlimited soda options, and the ever-so-popular drink packages. Include them in the insurable cost, because if your cruise is canceled, you’ll be out that money.

Include Excursions
The minute you put money down on an excursion, insure those costs. Some cruise focused insurance plans have unique options for excursions. Say you’re diverted from a port where you pre-paid a zip line tour. If you included it in your costs, you may be eligible for some reimbursement!

Remember this simple rule when buying cruise insurance; insure any money that would be lost if you had to cancel your trip the day you would have stepped out the door to start your journey.

Now that you know what to insure, here is a helpful page on insuring your cruise, and what to look for in a plan. When in doubt, ask an InsureMyTrip representative by phone, or on the sites chat feature, for more details.

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