Insurance question
 

Hi,

I am not sure where to ask this question, but maybe someone on this forum knows the answer.
I signed up for a cruise in Europe and bought travel insurance. The cost is considerable as the cruise is expensive and I am close to 80. If I had to cancel the trip (for covered reasons), the travel insurance should pay (hopefully) for the cruise cost, but the cost of the travel insurance would not be included. Is there a way to buy insurance to cover the cost of the travel insurance? Thanks.

I would call the folks at Insuremytrip or Squaremouth to ask if there is such an animal but since you have already bought trip insurance I suspect the question is moot.

This more than likely would be a sunk cost. Your insurance provided coverage, hence your premiums were utilized to provide that coverage. Therefore.... there is nothing to refund.

But read the policy. Each policy is different.

I've never thought about that -- but like the others it does seem doubtful.

If you have car insurance and file a claim, the carrier doesn't refund your premiums with that payment for the fender.

Thanks for your quick replies. I am not sure that I explained properly what I am looking for (which probably doesn't exist): insurance for the premium I paid for the travel insurance. There are so many things one doesn't know about, so I asked. Maybe I should ask ChatGPT ....

Don't ask Chat GPT, ask Google. Or ask what post #2 suggested and actual travel insurance resellers. Chat GPT is none of those.

I do not think what you are looking for exists. "Insurance for my insurance." WTH? Then you'd want a refund for the other one you don't use....vicious circle.

TBH, let this one go....

Definitely do NOT rely on Chat GPT!!!!!!!!

You can get insurance on anything. The question becomes does it make sense?

So you pay somebody to write you insurance on your insurance. Do you now pay somebody else to write you insurance on the insurance on the insurance?

Google unusual insurance policies

Where do you think the insurance company gets the money to give you your money back from?

Why spend even more money on an insurance policy on an insurance policy, even if such a thing exists?
You buy insurance to cover costs you cannot, or do not want to, meet out of pocket. You premium goes into a big pot which covers everyone with insurance. Same as health insurance, car insurance, home insurance. You do not get your premium back, it is used to pay out claims, at a most basic level of explantation.
I hope your travel insurance also covers health emergencies whilst travelling.

Thanks. Traveler-Nick understood my question and has the answer which makes sense.

Actually, we all understood you. You just didn't get the answer you were looking for.

Btw: I work in insurance. It is not travel insurance but it is the industry. So...what do I know?!

👍

Yes -- everyone understood your question and responded appropriately.

My husband and I are both elderly. I look at travel insurance premiums as just a cost of traveling, like hotels and airfare. If we can afford fancy vacations, we can certainly afford the insurance.

I think I understand, Suzanna. Every little bit helps and it doesn't hurt to check out the options. I hope you get to go on your cruise.