Calculating Your ‘Insurable’ Cruise Costs

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What’s the best way to make sure you are not overpaying for coverage? Calculate your insurable cruise costs the correct way.

When you are quoting and, ultimately, purchasing travel insurance, you do not want to guess at your trip costs. When we guess, we typically round up.

That $789 fare becomes $800. The car fare from the hotel to the ship costs $178, but we round to $200. It’s easy to make a $3,647 trip look like $4,000 on paper, and that could put your insurance into a different pricing bracket. Also, insurance people are sticklers for accuracy. It’s imperative to insure the correct cost, as it could affect your coverage.

In addition, you should 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 Cruise Fare
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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.

The Air Fare
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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.

The Transfer-Fee
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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.

The Cruise Add-on Packages
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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.

The Port Excursions
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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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