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What Does “100% of Trip Cost” Mean in Travel Insurance?

When you see “Trip Cancellation: up to 100% of Trip Cost” in your plan benefits, it simply means: your policy will reimburse you for all prepaid, nonrefundable travel expenses you insured, up to the amount you entered when purchasing.

What Counts as Trip Cost?
Include any prepaid, nonrefundable expenses, such as:

  • Airfare (including taxes and fees)

  • Cruises and tour packages

  • Vacation rentals, hotels, or resorts

  • Prepaid excursions or event tickets

👉 If you can get a full refund from the provider, don’t include that amount in your insured trip cost.

How to Handle Shared Costs

If the price you paid covers multiple travelers (like a cruise cabin for two):

  • Split the cost evenly between the travelers on your policy

  • Example: $6,000 cruise cabin for two → insure $3,000 per traveler

Why Accuracy Matters

  • Underestimating trip cost: If you insure less than you paid, you may not be fully reimbursed if you cancel.

  • Overestimating trip cost: You’ll pay a higher premium than necessary without extra coverage.

Changing Your Trip Cost

If you make additional payments after purchasing (like final balances or added excursions):

  • Update your insured trip cost with your agent or through a change request form

  • Keeping it accurate ensures your full investment is protected

⚖️ Important Information

This article is provided for general informational purposes only and does not guarantee coverage or benefit eligibility. Travel insurance plans vary by provider, and all benefits are subject to the terms, conditions, limitations, and exclusions of the policy purchased.

ICI Traveler is not the insurance carrier or claims department and cannot determine claim outcomes. All coverage decisions, claim approvals, and reimbursements are made solely by the licensed insurance company or claims administrator identified in your policy documents.

We encourage every traveler to review their complete policy documents to fully understand their coverage.

💙 Need Help? The ICI Traveler Team Is Here for You    

We're here when you need us. Before reaching out, we encourage you to explore our 🔎 Help Center, where you'll find answers
to hundreds of common travel insurance questions, coverage explanations, travel tips, and policy guidance.

📧 For general questions and non-urgent support: support@icitraveler.com

📞 For urgent questions or assistance before or during your travels: (800) 576-2674 / (719) 573-9080

Trusted travel insurance guidance for every destination, every traveler, every journey.