Is trip cancellation insurance really worth it?

I’ve only once bought cancellation insurance–and that was by not looking carefully at the checkboxes on a form–but I’m wondering if its worthwhile. Do most policies allow me to cancel my plans and get money back for non-refundables, or do they just cover cases where something else causes the cancellation or I get sick? 

 

I’m pretty experienced at traveling but I really know nothing about this sort of thing!

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11 years ago

My elderly mother bought it when she went on a cruise.  For her, it made sense because her health is not so good.  She might have had to cancel and did not want to lose her deposit.  The policy that she bought was specifically for trip cancellation but did not cover health issues or other unexpected issues during the trip.  That policy would have covered a deposit refund but not all of them do.  There are lots of different types of trip insurance so one has to ask lots of questions.  As it turns out, she enjoyed her trip to Hawaii.  She said that the cancellation insurance was money well spent for the peace of mind.

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