Top-Up Cover for High-Value Holiday Cancellations
Planning a holiday is exciting, however, whilst many standard travel insurance policies include cancellation cover, they often have limits that may not fully protect luxury trips or expensive bookings. That’s where Top-Up Cover can provide the extra peace of mind you need.
What Is Top-Up Cover?
Top-Up Cover is additional travel insurance designed to bridge the gap between the cancellation limit on your travel policy and the actual amount required to cover your holiday costs. It makes sure that even the most lavish holidays can be protected should unforeseen circumstances arise resulting in cancellation. You can usually cover up to £50,000 per person if you need to cancel unexpectedly.
Protection is available on a worldwide basis to mirror your existing travel policy and does not require you to declare medical conditions (these must always be disclosed on your main policy) making it a simple and flexible option.
Why Standard Cancellation May Not Be Enough
Luxury holidays, extended family holidays, or once-in-a-lifetime adventures often involve substantial upfront costs. Flights, hotels, tours, and other prepaid costs can quickly go over the cancellation limit of many travel insurance policies. This leaves you at risk of out-of-pocket.
For example, if your existing policy has a cancellation limit of £10,000 and your trip costs £30,000, a sudden cancellation could leave you £20,000 short. Top-Up Cover bridges this gap and fully safeguards your holiday.
Key Features of Top-Up Cover
- Generous Limits: up to £50,000 per person, providing comprehensive protection for high-value trips. Note: for those aged 75-79, maximum cover is £15,000 and for 80–85-year-olds, a maximum of £10,000 cover applies. This is not available over the age of 85.
- Worldwide Coverage: No matter where your travel plans take you, you protect your holiday costs.
- No Medical Declaration: Simplified coverage with no need to disclose pre-existing medical conditions. Remember, these must be disclosed on your original policy.
Who Should Consider Top-Up Cover?
Top-Up Cover is ideal for:
- High-net-worth travellers booking luxury holidays.
- Families or groups with significant combined travel costs.
- Anyone designing a custom or extended travel plan with significant initial costs.
- Travellers who want peace of mind can make sure they fully safeguard their investment.
How to Arrange Top-Up Cover to Your Policy
Arranging Top-Up Cover is a straightforward process. Simply contact our travel insurance team to discuss your needs. We can guide you through the options to ensure your coverage matches your holiday’s value and complexity.
Travel with Confidence
Holidays are meant to be enjoyed, not stressed over. Top-Up Cover provides a safety net for expensive trips allowing you to focus on making memories without worrying about a costly cancellation.
With the right protection in place, you can book your dream getaway with total confidence. Contact us today to speak to our specialist travel insurance team.