Let's go back to this river cruise scenario. With the help of airline representatives, you're able to get on a new flight from Toronto to Paris the next day. You're too late to catch your cruise ship in Budapest, so you book a flight to the next port of call: Vienna, Austria. That's when bad luck strikes a second time: Mechanical issues ground your flight, and the next plane available doesn't leave until the evening. By the time you arrive, your ship has already sailed.
This is when trip cancellation insurance may kick in. If you miss more than half the total length of your trip because your travel was delayed due to a covered reason — including strike, common carrier delay, natural disaster, quarantine, a lost passport, hijacking or civil unrest — then you may be able to make a trip cancellation claim.
Before you cancel your trip, however, it's wise to check in with your travel insurance provider. Confirm that more than 50 percent of your trip has been missed and that your policy includes coverage for trip cancellation. Also, be sure to notify all your travel providers and your insurance provider as soon as possible once you cancel.