1. What is Travel Gap Insurance?

Travel gap insurance covers the difference between your trip cost and any existing coverage you may have from credit cards, travel insurance, or other sources. It helps protect you from unexpected financial losses when your existing coverage falls short.

2. How Does the Calculator Work?

The calculator uses a simple formula:

Where:

• \( Trip\ Cost \) — Total cost of your travel plans in dollars
• \( Coverage \) — Amount covered by existing insurance policies in dollars

Explanation: The calculation shows you how much additional coverage you might need to fully protect your travel investment.

3. Importance of Gap Calculation

Details: Calculating your coverage gap helps you understand your financial risk and determine if you need additional travel insurance protection.

4. Using the Calculator

Tips: Enter your total trip cost and any existing coverage amounts in dollars. Both values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: What expenses should I include in trip cost?
A: Include all non-refundable expenses like flights, hotels, tours, and prepaid activities.

Q2: What types of coverage should I include?
A: Include any travel protection from credit cards, existing travel insurance policies, or refund guarantees from vendors.

Q3: When should I consider gap insurance?
A: Consider it when your existing coverage is significantly less than your total trip cost, or when traveling to high-risk destinations.

Q4: Are there limitations to gap insurance?
A: Gap insurance typically doesn't cover pre-existing conditions or high-risk activities unless specifically included.

Q5: How much gap insurance should I get?
A: Ideally, enough to cover your calculated gap, though you may choose partial coverage based on your risk tolerance.