To stop from spending more than necessary on a policy, Squaremouth recommends that you only insure the expenses you would lose if you can’t take your trip. For example, if a hotel requires a 50% penalty to cancel a hotel reservation, travelers should insure just that amount, rather than the full cost of the hotel.
Does It Make Sense To Bundle Flights and Land Travel When Buying Travel Insurance? | Personal-finance
Trip Segments Can Vary in Value
“When you’re booking travel with multiple legs or elements, we do recommend purchasing travel insurance for all facets of the trip, including coverage for all prepaid, non-refundable costs, such as air, hotel, cruise, resort or any other travel-related costs