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 Add-On


Cancel for any reason coverage is an optional benefit that can be added onto a trip cancellation insurance plan.


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 can be purchased as an optional add-on benefit to your trip insurance policy and 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. Reasoning 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 add-on 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 between 50% and 75%) 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 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.


Trip Insurance Plans with Optional Cancel For Any Reason Coverage Available:


The below plans, both administered by SevenCorners Insurance, offer the cancel for any reason benefit for international travelers.


RTC

Round Trip Choice

Administrator: Seven Corners
  • 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 and Cancel for Any Reason
RTEL

Round 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 and 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.