Using travel insurance to close the price gap for refundable tickets

Posted on Posted in travel tips

The new travel ‘hack’


A number of travel website are praising trip cancellation insurance as a way to get a de facto refundable ticket without paying the airlines’ premium for that type of ticket.

The Huffington Post this week described it as a “clever hack:”

“American wants $400 for the Non-Refundable Main Cabin Seat. Add insurance, it will cost around $50 — And you’re bulletproof! You have secured coverage for Cancellation (Sickness, Death, Incapacitation etc) – 100% Refund; Cancellation for Work Reason – 100% … So, for $450 a customer booking that DFW – LAX return has nearly the same level of coverage as the person paying $1,150 for the exact same seat — A $700 savings.”

To an extent, this is true. Note, however, that there are restrictions on things like work-related cancellations. For example, a comprehensive policy with Ripcord Rescue Travel Insurance will cover a business interruption, loss of employment, etc., but a rescheduled business appointment, for example, would not qualify for trip cancellation reimbursement.

But the overriding message is on target: Why pay that much more for a fully refundable ticket to protect against sickness, injury, a death in the family, a work disaster, when travel insurance will cover that for a fraction of the difference in ticket cost?

According to research by, “You will pay anywhere from 4 to 8 times as much as a non-refundable economy fare.”

“It is hard not to ignore the savings possible by using travel insurance as an airfare hack though. By selecting the $255 economy fare that is non-refundable, and then purchasing travel insurance that will cost between $45 and $65, you spend no more than $320 instead of $1,997. Quite a difference in price!”

Cavalry combines the best medevac insurance with travel insurance benefits such as trip cancellation, trip interruption, lost baggage, primary medical expense coverages, and more. Cavalry is powered by Redpoint Resolutions, a medical and travel risk security company owned and operated by special operations veterans and physicians.

Operating for over a half decade, Redpoint covers almost 10 million people worldwide and has evacuated clients from all seven continents.