According to Lauren Gumport with Faye Travel Insurance, cancellations have risen significantly in recent weeks.
"Global trip cancellations have notably increased in early March following the escalation in the Middle East," she said. "Overall, cancellations for future trips, including spring break travel, are running roughly 60% higher than the normal baseline."
Gumport said many of the cancellations are caused by travelers feeling uneasy about visiting certain international regions. If travelers purchased "cancel for any reason" travel insurance, Gumport said they are typically protected.
"This type of coverage can reimburse you up to 75% back on your nonrefundable trip costs like flights, hotels, prepaid activities that most of us book in advance," she said.
However, the fine print in insurance policies matters.
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"Mexico is labeled as terrorism. So, a lot of policies do offer coverage. What's happening in the Middle East has been labeled act of war, acts of war, and are not covered by most travel insurance policies," Gumport said.
Travelers who did not buy travel insurance may still have some options.
"Your airline may be waiving any change or cancellation fees or offering a full refund. So, what you can do is check the 'manage my booking' part of the airline portal and your email for alerts, or you can call them," Gumport said.
Hotels and short-term rental booking platforms may also offer waivers or refunds depending on the circumstances.
Travelers should also look at the credit card they used to book the trip. Some credit cards include travel protections that could help cover cancellations or changes.
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