All payments are non-refundable and non-transferable.  Therefore, travel insurance is highly recommended to avoid losing money paid towards your vacation.  Your travel insurance is related to your trip cost. The travel insurance premium is non-refundable; the travel policy becomes effective at the time of purchase.  Note:  Most travel insurance companies do not allow purchase after final payment of your trip has been made–you must make your travel insurance purchase prior to your final trip payment.