Trip Cancellation & Interruption Insurance
We strongly recommend that you purchase RBC Travel Insurance with your Charter. This is the best Travel Protection available. It provides financial protection in the event your travel plans are cancelled or disrupted.
If an illness, injury or another unexpected event forces you to cut your trip short or cancel your plans entirely, you lose what you prepaid for your non-refundable travel arrangements and possibly incur extra hotel, transportation and other charges.
With our Trip Cancellation & Interruption Insurance, you're protected in three important ways against a wide range of situations:
- Before Departure Insurance covers the non-refundable portion (such as deposits or cancellation charges) of your prepaid travel arrangements. It also allows you to recoup any cancellation penalties that a transportation carrier or tour operator may charge you. (Some conditions apply.)
- After Departure Insurance covers the costs you would incur if you had to return home earlier or later than you had originally planned. It also reimburses you for any non-refundable portions of unused, prepaid travel arrangements. (Some conditions apply.)
- Subsistence Allowance Insurance reimburses you for extra expenses that result from one of the specified situations occurring. Such expenses can include your commercial accommodations and meals, essential telephone calls, internet usage fees and taxi fares (or rental car in lieu of taxi fares) up to the specified maximum for your policy. (Some conditions apply.)
NOTE: We strongly recommend that you purchase this insurance at the time you pay your initial travel deposit.
For complete coverage details, limitations and exclusions, see the Cancellation & Interruption Insurance Policy document.
TCI Frequently Asked Questions
What Insurance Provider do you use?
We use RBC Travel Insurance Company, one of Canada's most respected financial institutions. RBC Travel Insurance Company has the expertise to respond to your needs should you have an insurance claim.
What is Cancellation & Interruption Insurance?
Coverage in case your plans are cancelled or disrupted. Before departure, it provides coverage for the cancellation penalties that are charged by Desolation Sound Yacht Charters and, after departure, it provides coverage for the costs associated with an early or delayed return. For complete details, limitations and exclusions, please read the Cancellation & Interruption Insurance Policy.
Having cancellation insurance protects you if you have to cancel primarily due to medical reasons of yourself, family or travelling companions. Most insurance companies will cover illness of yourselves or an immediate family member, attendance at a funeral, or an unavoidable reason such as jury duty, or a missed connection due to weather or mechanical reasons. Most insurance companies will not cover a pre-existing condition unless that condition was stable for the 90 day period prior to the purchase of the insurance. The word 'stable' means that you have not seen your doctor about it, you have not been treated for it, your medication has not been changed, and your dosage has not been changed.
Who should consider purchasing Cancellation Insurance?
Everyone should seriously consider purchasing Cancellation Insurance. Even if the charter package is not that much money, you should get the Cancellation Insurance because it includes Trip Interruption Insurance. That will cover you for the costs of changing your return date if you should get sick or injured while you are away, and have to come home on a date that is different from the one on your ticket.
I have Cancellation Insurance with my credit card so why should I buy any additional insurance?
Some people have Cancellation Insurance covered on a credit card. You should always check with your bank or credit union to ensure exactly what is covered. Some credit cards have limits, and some do not cover cancellation or interruption at all. The bottom line here is protect yourself from the unforeseen. Be sure you are covered in the event that an illness or injury prevents you from travelling.
I have Cancellation Insurance with my Employee Benefits Program so why should I buy additional insurance?Employee Benefit Insurance may not cover cancellation and interruption, only medical expenses. Also, it may not cover your spouse or dependents or it may have limits to the number of days or amount of dollars it will cover. It is a good idea to review any coverage provided by your employer and decide whether you need additional insurance.
When does TCI have to be purchased?
The TCI must be purchased prior to entering a 'cancellation penalty period', this would mean before the 90 days prior to the first day of your charter. However, we highly recommend that you purchase your insurance at the time of the initial deposit to avoid any confusion or change of state of health. (See pre-existing conditions exclusion.)
Can only some of the crew purchase the insurance?
No, all of your crew must purchase coverage.
What does it cover?
Please refer to the Cancellation & Interruption Insurance Policy to see what medical and other reasons are covered for cancellation of your charter, relating to you or a member of the crew and / or their immediate family member. There are 42 risks insured. The medical condition cannot be pre-existing unless it has been stable for 90 days prior to the purchase of the insurance. A letter from your doctor is generally required to prove your medical condition was stable at the time the insurance was purchased.
How much of the charter fee is covered?The TCI covers the total amount of your charter fee, including taxes and insurance, depending on the date when you claimed, ie. 25% or 100%. It also covers expenses incurred due to the interruption on your travel day.
How much does it cost?
Cost of the insurance depends on your age and the amount of coverage being purchased. Please refer to our sample of premiums to determine the cost of your insurance.
What does it mean "for the boat" 1 person pays?
One person pays the entire charter fee. For example, a family charters and if one person cannot come, then no one comes. The trip is cancelled, there is one policy, and all fees are refunded to the head charterer.
What does it mean if there are 2 persons paying?
The total charter fee is divided between 2 individuals / couples going and each is covered for the amount paid and receives their own policy. If one couple cannot go they get their money back, while the other couple still has the option to go or cancel.
What if each individual, who are not family, has their own policy and one person can't go so none of them want to go?
If one of your three travelling companions cannot go, then you all have the option to cancel. Travelling companions (non family) are limited to three.
Can You Give Me a Quote for Trip Cancellation & Interruption Insurance?
Please contact us and we can provide a quote for your insurance coverage.