Planning a trip far in advance can mean more time to prepare 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 a trip insurance policy with a cancel for any reason coverage add-on, just in case you have to cancel your trip under circumstances that are not generally covered under your basic travel insurance plan.


Understanding Trip Cancellation Insurance and the Cancel for Any Reason Coverage


Cancel for any reason coverage is a benefit that may be included in your trip insurance policy or an add-on rider..


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, jury duty, bankruptcy of a travel provider, and even death. Read the policy details closely to understand all covered situations.


Cancel for Any Reason Coverage, or CFAR, may be included in your trip insurance plan or may be purchased as an optional add-on benefit to your trip insurance policy. CFAR will provide some reimbursement for prepaid 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. Reasons for cancellation can range anywhere from small personal conflicts to large-scale catastrophic events.


Cancel for Any Reason Coverage: What are the Provisions?


While the cancel for any reason benefit 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 note:


  • Reimbursement for cancellation may be only up to the specified coverage amount (often 75 percent) 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 20 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 trip insurance policy will ensure that you are covered should you need to cancel your trip, regardless of the reasoning or circumstances.


The below plans offer the cancel for any reason benefit for U.S. citizens and residents travelling within the U.S. and abroad.


Trip Insurance Plans with Cancel For Any Reason Coverage:


ILLX

iTravelInsured Travel LX

Administrator: IMG
  • Eligibility: U.S citizens and residents only
  • Cancel For Any Reason (CFAR) Included: Up to 75% of nonrefundable prepaid trip costs
  • Trip delay $1,000
  • Trip Interruption up to 150% of trip cost
  • Medical emergency evacuation $1,000,000
  • Missed connection $500
WTPP

Worldwide Trip Protector Plus

Administrator: Travel Insured
  • Eligibility: U.S citizens and residents only
  • Cancel For Any Reason (CFAR) Included: Up to 75% of nonrefundable prepaid trip costs
  • Trip delay $1,000
  • Trip Interruption up to 150% of trip cost
  • Medical emergency evacuation $1,000,000
  • Missed connection $500
RTC

Round Trip Choice

Administrator: Seven Corners
  • Eligibility: U.S citizens and residents only
  • Cancel For Any Reason (CFAR) optional add-on: Up to 75% of nonrefundable prepaid trip costs
  • Travel delay $600
  • Trip Interruption up to 150% of trip cost
  • Medical emergency evacuation $500,000
  • Missed connection $1,000
  • Optional Coverage : Flight coverage, Collision Damage Waiver
RTEL

Round Trip Elite

Administrator: Seven Corners
  • Eligibility: U.S citizens and residents only
  • Cancel For Any Reason (CFAR) optional add-on: Up to 75% of nonrefundable prepaid trip costs
  • 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 and Cancel For Work Reasons
  • Lost of Equipment Rental include Ski Days and Golf Rounds
TSC

Travel Safe Classic

Administrator: Travel Safe
  • Eligibility: U.S citizens and residents only
  • Cancel For Any Reason (CFAR) optional add-on: Up to 75% of nonrefundable prepaid trip costs
  • Trip delay $750
  • Trip Interruption up to 150% of trip cost
  • Medical emergency evacuation $1,000,000
  • Missed connection $2,500

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.