Luxury Travel Insurance Gap Analyzer

Before wiring deposits for a luxury safari, expedition cruise, or private villa, make sure your insurance limits actually match the cash at risk. Enter your trip cost, the carrier’s cancellation limit, and any deductible to see how much coverage you really have and where a funding gap remains.

Include deposits, prepaid experiences, and business-class airfare that are non-refundable.
Maximum payout listed on your travel insurance declaration page.
Defaults to 100%. Reduce if a portion of your spend can be refunded or rebooked.
Defaults to $0 if your policy waives the deductible for trip cancellation claims.

Policy wording controls actual coverage. Review certificate of insurance documents and speak with your broker for binding advice.

Examples

  • $28,000 trip, $20,000 limit, 90% non-refundable, $500 deductible ⇒ Non-refundable exposure: $25,200.00 • Net coverage after deductible: $19,500.00 (77.38%) • Out-of-pocket gap if you cancel: $5,700.00
  • $15,000 trip, $18,000 limit, defaults for non-refundable and deductible ⇒ Non-refundable exposure: $15,000.00 • Net coverage after deductible: $15,000.00 (100.00%) • Out-of-pocket gap if you cancel: $0.00

FAQ

Does this calculator cover interruption benefits as well?

It focuses on the cancellation limit. If your policy provides higher interruption coverage once travel has begun, run the numbers with that limit to gauge post-departure protection.

How do cancel-for-any-reason (CFAR) policies change the math?

CFAR reimbursements are typically 50%–75% of non-refundable costs. Multiply your exposure by the CFAR percentage and use that as the effective coverage limit.

Should I include award travel taxes and fees?

Yes. Include taxes, fuel surcharges, and booking fees that would not be refunded. Most insurers reimburse them if you document the cost.

What if multiple travelers share the same policy?

Use the combined non-refundable cost and overall policy limit. Many policies cap coverage per person, so confirm the aggregate limit before relying on a shared plan.

Additional Information

  • Trip cancellation benefits cap reimbursement at the listed coverage limit even if your total spend is higher.
  • Deductibles reduce the net payout and should be factored into cash reserves when planning prepaid experiences.
  • Some luxury tour operators refund a percentage of the fare until a specific date—adjust the non-refundable percentage to match supplier policies.

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