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Old 02-05-2013, 10:10 AM
 
316 posts, read 713,610 times
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I'm being sent overseas next month on business. I'd like to take my family. However, business travel plans may be cancelled at the last minute. What is the best way to protect the value of the tickets that I purchase out of my own pocket? Refundable tickets are $$$.
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Old 02-05-2013, 10:18 AM
 
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Any kind of travel insurance? I know when my parents travel they always take it out but dont know if thats just for cruises
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Old 02-06-2013, 06:06 AM
 
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> Any kind of travel insurance?

I think most travel insurance only covers cancellation for illness, etc. Read carefully before purchase.

You may just have to make a bet.
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Old 02-06-2013, 06:26 AM
 
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There are travel insurance plans that cover cancellation. You need to find which one works for this situation.
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Old 02-06-2013, 07:09 AM
 
Location: MMU->ABE->ATL->ASH
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There are cancel for any reason policies, but they are costly. I googled cost and was apx $500/person for that type of coverage.

The reason Travel Ins (esp Cancel for any reason is so expensive, is the people who get have a very high tendency to use it. Make the number of people buying is low, number using it high) Make a very bad risk pool.
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Old 02-06-2013, 09:11 AM
 
Location: North Idaho
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Can you take some vacation days and go anyway? Or just let your family go without you?
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Old 02-06-2013, 09:15 AM
 
Location: North Idaho
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Refundable tickets are high, but some airlines will sell you a ticket that can be rescheduled for a fairly reasonable fee. Perhaps $150 a ticket. So maybe you could move the flight dates to a time when you can take vacation days.

I might consider purchasing an entire family's vacation tickets based upon business trip dates to be a bit risky.
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Old 02-07-2013, 12:32 PM
 
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Ha! I never thought of taking the trip anyway! I couldn't get myself a ticket on short notice but maybe the company would consider being reimbursed for the ticket it bought on behalf.

I didn't realize that trip cancellation insurance would be so expensive. We did an American Airlines vacation last year and purchased its 100% cancellation policy for a small percentage of the ticket price. But I've never seen this kind of offer elsewhere.

Ultimately we could just eat a $150 rebooking fee but I'm just not sure we'd use the value of the international tickets within a year.
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Old 02-09-2013, 07:07 PM
 
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Do you participate in any "rewards programs" with airlines, hotels, banks or restaurants?

Air tickets paid for with points can usually be cancelled for a very small fee.
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Old 02-15-2013, 08:12 AM
 
Location: NW Philly Burbs
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Quote:
Originally Posted by AusParent View Post
Ha! I never thought of taking the trip anyway! I couldn't get myself a ticket on short notice but maybe the company would consider being reimbursed for the ticket it bought on behalf.
Why not plan on going regardless if the company cancels or not? Definitely check with your employer to see how that could be managed with reimbursing for flights. I'm sure the hotel would be easy enough just to put on your personal credit card.

But no matter what, get travel insurance! I broke my leg 8 weeks before I was scheduled to go on a walking tour of Paris. Luckily I healed in time, but you never know!
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