The Standard plan is the most economical of the three plans offered by Generali Global Assistance. This plan offers comprehensive Trip Cancellation and Trip Interruption coverage if you have to cancel or interrupt for one of the listed covered reasons. This plan also offers coverage for missed cruise connections and emergency assistance services.
To learn more, see the Generali Global Assistance Standard product page.
Since the cost of your trip is used to calculate the amount of your Trip Cancellation and Trip Interruption coverage, you will always want to insure anything that is prepaid and nonrefundable for your trip. In other words, it is the monies you would lose if you had to unexpectedly cancel your trip on the date of departure.
As you indicated, trip cost is also used in calculating the premium so the traveler would want to be careful to not over-insure.
Please keep in mind that you should feel free to call InsureMyTrip at 800-487-4722 if you need assistance in determining your total trip cost.