Most of the time this will be comprised of costs such as airline tickets, cruise costs, pre-paid hotels, and tours or excursions. Almost all polices will also insure expenses like event tickets or theme park admissions. Expenses like tuition or class fees are also insurable, but only with specific companies.
There are a few cases where this can seem a little complicated:
- Costs that you are not paying prior to departure but you will be charged for whether you travel or not. These costs can be insured because you are still going to suffer a loss if you cancel.
- Frequent flier miles and credit card points are a very complicated topic and are discussed in more detail under the article Frequent Flier Miles.