Hi everyone,
I’m getting ready to purchase trip insurance for an upcoming trip with my two adult kids. They are over 26 yrs old, and each lives in a different state than us. I purchased their airfare and my own and they have reimbursed me. We will do the same for accommodations, prepaid tours, plays, etc. (My pay in full account for them is no longer in service :) )
My questions are
I assume I tally up the pre purchased items as a total, including airfare, hotels, cottage, tickets. Then I buy my own policy. If something were to happen to any of us in our traveling party that would cause the trip to be interrupted or canceled, ( not just the policy holder, but anyone traveling together) I would send in a claim and what I paid would be eligible for a refund? Is this correct?
Should each of them buy their own policy, given the payments that would be made are going to be in my name? I assume it would be wise to do for medical emergency situations, but in terms of recouping any money, it would go back to me reimbursing them equally if something were to happen after I filed a claim getting the money I paid in back. Is that correct? In other words, their intent for coverage is not necessarily to recover any major losses for bookings, etc.
If anyone has any insight or advice on this I would appreciate it. I have bought travel insurance before and thankfully have not needed to use it, but they are both wondering whether they should start now, too.
Thank you all so much!