IATI Cancellation Premium
This travel cancellation insurance is specifically designed to cover travel cancellation expenses, up to €6.000, which may be incurred as a result of not being able to travel for any of the reasons defined in the policy. The reasons for which you are entitled to make use of this cancellation cover are defined in the general conditions of the policy. This includes the insured person, or his parents or children, testing positive by means of medical tests for COVID-19 in Spain, if this prevents travel on the foreseen dates.
This cancellation insurance CAN BE CONTRACTED AT ANY TIME, however, the start and level of cover of this insurance depends on the date of contracting the trip. There are 3 possibilities:
If the insurance is taken out on the same day the trip is booked, all causes of cancellation are covered from the moment the trip is booked.
If the insurance is taken out within 7 days of the trip being booked, all causes of cancellation are covered after a 7-day waiting period, that is cover does not begin until 7 days after the insurance is booked.
If taken out at any other time, the insurance only covers the causes for cancellation listed under “For health reasons” and, as in the previous case, only after a 7-day waiting period.
The cost of the insurance is calculated according to the contracted amount of cancellation expenses.
This insurance will NOT cover cruise trips.