If you're considering a policy that includes trip insurance, you may have been asked to provide your 'trip cost' to get a quote. You're probably wondering: What is my trip cost? What factors contribute to my trip cost? To give you some context, we’ll start with a few basic facts about trip insurance in general and then walk you through what exactly makes up your “trip cost” total. Trip insurance policies are a way for you to protect the financial investment of your travels. If your travel plans are canceled or delayed for reasons covered by your policy, trip insurance can help you recoup certain prepaid travel expenses that would otherwise be nonrefundable.