cancel for any reason

Cancel For Any Reason Insurance

Planning a trip far in advance can mean peace of mind and of course, something to look forward to, but it is also possible for plans to change and unexpected events to occur, causing a need for cancellation. Such circumstances are likely to cause not only a great deal of stress and disappointment, but added expenses as well. In this case, it is important to stay protected by having cancel for any reason coverage, just in case you have to cancel your trip under circumstances that are not generally covered under your basic travel insurance plan.

Understanding the Difference between Trip Cancellation Insurance and Cancel for Any Reason Insurance

While basic trip cancellation insurance and cancel for any reason insurance may appear to be similar, it is important to note that they provide different benefits. The primary differences between the two features are as follows:

Trip Cancellation Insurance is something that is included in many basic travel insurance policies. This feature will extend basic coverage for the cancellation of a trip for specific unforeseen, covered reasons. Some of these covered reasons may include (but are not limited to) cancellation due to injury or illness, weather or natural disaster, scheduling conflicts, theft or loss of passport, bankruptcy, and even death.

Cancel for Any Reason Insurance can be purchased as an addition to your travel insurance policy and will provide some reimbursement for trip expenses and deposits that are otherwise considered to be nonrefundable should you need to cancel your trip for any reason not typically covered under the basic trip cancellation benefit. Reasoning for cancellation can range anywhere from small personal conflicts to large-scale catastrophic events.

Cancel for Any Reason Insurance: What are the Provisions?

While cancel for any reason insurance can help you in most situations pertaining to the cancellation of a trip due to reasons that are not otherwise covered by the basic trip cancellation feature in your travel insurance policy, there are still certain stipulations that are important to be aware of:

  • Reimbursement for cancellation may be only up to the specified coverage amount (often times only 50%) as stated in the specific policy you are purchasing. Please note that coverage amounts will vary from plan to plan.
  • Cancel for Any Reason Insurance must be purchased with the base plan and within a minimum of 15 days of the date that the initial trip payment or deposit is paid.
  • Insurance coverage must be purchased for the full cost of all nonrefundable prepaid trip arrangements that are subject to cancellation penalties or restrictions.
  • Trip cancellation must be made no less than 48 hours prior to the departure date in order to receive reimbursement.

Having to scramble to make last minute changes in travel plans is stressful as it is, and losing a large quantity of money in the process will only make matters worse. Purchasing cancel for any reason coverage with your travel insurance policy will ensure that you are covered should you need to cancel your trip, regardless of the reasoning or circumstances.

Cancel For Any Reason Insurance Plans

The below plans, both administered by SevenCorners Insurance, offer cancel for any reason coverage for US Citizens & Residents traveling internationally.

RTCRound Trip Choice

Administrator: Seven Corners
  • Trip delay $1,000
  • Trip Interruption up to 150% of trip cost
  • Not Available to US resident.
  • Medical emergency evacuation $1,000,000
  • Missed connection $1,000
  • Optional Coverage : Flight coverage, Collision Damage Waiver and Cancel for Any Reason

RTELRound Trip Elite

Administrator: Seven Corners
  • Trip delay $1,500
  • Trip Interruption up to 150% of trip cost
  • Medical emergency evacuation $1,000,000
  • Missed connection $1,500
  • Optional Coverage : Flight coverage, Collision Damage Waiver, Cancel For Any Reason and Cancel For Work Reasons
  • Lost of Equipment Rental include Ski Days and Golf Rounds

To learn more about Trip Cancellation Plans that provide medical coverage as well, go to Trip Cancellation Insurance with Medical Coverage.

Disclaimer
Information provided here is high level, provided for your convenience and information purpose only. Please review the Evidence of Coverage and Plan Contract (Policy) for a detailed description of Coverage Benefits, Limitations and Exclusions. Must read the Policy Brochure and Plan Details for complete and accurate details. Only the Terms and Conditions of Coverage Benefits listed in the policy are binding.