What is Cancel for Any Reason Travel Insurance?
Cancel for any reason (CFAR) travel insurance plans provide trip cancellation coverage for any reason not covered by standard travel insurance plans. For instance, a standard travel insurance plan can cover trip cancellation due to a death in your family or personal illness, but not due to your dog getting sick or because the forecast of your destination is calling for a week of rain. Cancel for any reason travel insurance can cover these situations.
What is Covered under Cancel for Any Reason Travel Insurance?
There are many common reasons, as described below, for which people need to cancel their trip. However, they are not covered by the regular trip cancellation insurance. Cancel for any reason travel insurance can be helpful in situations like these by providing trip cancellation coverage:
- Change of mind – You simply change your mind and decide to cancel your trip.
- Unavailability of travel documents – You are unable to get your passport/visa in time to travel.
- Work-related reasons – You suddenly get tasked with a major project at work and can’t get away.
- Weather – The weather forecast looks too cold/rainy/etc. for you to have a good time.
- Family reasons – Your cousin’s wedding is taking place on the same day as your scheduled departure.
- Travel fears – Recent developments in the destination have made you fearful of traveling there.
- Epidemics/pandemics – A situation such as the COVID-19 pandemic makes you feel unsafe about travel.
- Other miscellaneous reasons – Your pet became sick, your significant other broke up with you, and many other reasons.
What is Not Covered Under Cancel for Any Reason Insurance?
Despite its name, cancel for any reason insurance is not really any reason, any time, full refund unconditionally and no questions asked. There are some restrictions, as described below.
- Reimbursement percentage – You will not receive back 100% of your trip costs if you cancel for a reason not covered by a standard plan. Most cancel for any reason plans will reimburse you 50% to 75% of your prepaid, nonrefundable trip costs.
- When to purchase – You must purchase insurance coverage within a certain duration of your initial trip deposit. This varies from 24 hours to 21 days, depending on the plan.
- Prepaid trip costs - You must insure all your prepaid trip costs. This is not only the non-refundable portion of your prepaid trip cost, but the entire prepaid trip cost that is subject to any penalty before your departure date.
- Cancellation - You must cancel your trip at least 2 days or 48 hours in advance to take advantage of cancel for any reason benefits.
Best Cancel for any Reason Insurance Plans
| Claims Administrator | Plan | Option | Rules | Maximum Refund Amount |
|---|---|---|---|---|
| International Medical Group | Travel LX | Optional upgrade: 1.5 times the plan cost | Purchase within 20 days of initial trip deposit Insure 100% of pre-paid trip costs | 75% |
| Trawick International | Safe Travels Voyager | Optional upgrade: cost varies by state | Purchase within 21 days of initial trip deposit Insure 100% of pre-paid trip costs | 75% |
| Trawick International | Safe Travels Journey | Optional upgrade: cost varies by state | Purchase within 14 days of initial trip deposit Insure 100% of pre-paid trip costs | 50% |
| Travelex | Travel Select | Optional upgrade: 1.4 times the plan cost | Purchase within 15 days of initial trip deposit. Insure 100% of pre-paid trip costs | 75% |
How is CFAR Different from trip cancellation insurance?
While both standard trip cancellation insurance and CFAR insurance can cover trip cancellation, standard trip cancellation insurance only covers trip cancellation for the covered reasons listed in the plan’s policy documents. CFAR travel insurance allows you to cancel for any reason you like and receive a partial refund, so long as you do so within the rules of the CFAR plan you’ve purchased.
How to get CFAR Travel insurance?
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