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Cruising the high seas is a favorite way to explore the world for many. 31.7 million travelers took a cruise last year, according to Statista, and by 2027, that number is expected to climb to 39.4...
Cruise insurance typically costs 3% to 8% of the cost of the cruise, and covers medical emergencies, lost baggage and job loss cancellation (covering expenses if you lose your job), according to CNBC.
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The policy term is the period that an insurance policy provides coverage. Many policies have a one-year term (365 days) but other terms both longer and shorter are used. Policy terms can be for any length of time and can be for a short period when the period of risk is also short or can be for multi-year periods.
As part of its policy, passengers can cancel up to 30 days before sailing and receive cancellation fees as a cruise credit on voyages departing through April 30 and bookings made through Feb. 28.
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