When taking out the additional Cancellation Costs cover option, you can choose to insure an amount of €1,500 or €3,000 per person. If your holiday is more expensive than that, you can take out separate cancellation insurance.
So imagine you are going to Canada for four weeks and the total trip is costing you €5,000 per person. Annual travel insurance with additional cancellation costs cover insures you for up to €3,000 per person. In this case, you may consider taking out an extra short-term cancellation insurance to cover you for €2,000 per person, bringing the total amount insured up to €5,000 per person.