The travel cancellation insurance reimburses the costs incurred due to the cancellation of a trip, provided there is an insured reason for this. The premium is calculated on the basis of the travel price. For building block trips, all amounts are added together:
Example: Flight including taxes & fees: 561.34 €
Car rental price: 218.00 €
Hotel price: 360.00 €
Agency fee: 25.00 €
Travel price: 1,164.34 €
The insurance premium is calculated in stages (e.g. up to a travel price of € 1,000 or up to a travel price of € 1,500). In this example, a travel price of up to € 1,500 is chosen as the basis for calculating the premium. Therefore: Even if the travel price is only slightly higher than one booking level (up to € 500), for example € 530, the next higher level (up to € 750) must be insured.
Note on underinsurance: If you take out a lower sum insured, the amount of compensation is reduced in proportion to the sum insured in relation to the price of the trip.