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Home > International Plans > Trip Cancellation Insurance > Cancel for Any Reason Travel Insurance

Cancel for Any Reason Travel Insurance

Peace of Mind Trip Cancellation Plans

Cancel for Any Reason InsuranceIf you have purchased an expensive trip far in advance of your travel date, a Cancel For Any Reason (CFAR) Trip Insurance plan might be a good option. CFAR plans provide reimbursement (up to the covered amount) for nonrefundable trip payments and pre-paid trip expenses if you decide to cancel your trip for any reason. Typically this might be a supplement to a standard Trip Cancellation plan that you would typically purchase. This type of coverage, also known as Peace of Mind Insurance, is an excellent option for travel insurance buyers who worry they may have to cancel their trip for the reason that is not covered by trip cancellation coverage and wants to recover at least a portion of their expenses.

Understanding Cancel For Any Reason Wording

If you cancel your trip for any reason not otherwise covered by this plan, RoundTrip will pay 75% of your prepaid, forfeited, non-refundable trip payments if:
1) We receive your RoundTrip plan payment within 20 days of your initial trip deposit
2) You insure all prepaid trip costs, subject to cancellation penalties
3) You cancel your trip 2 days or more before your departure date
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How to Buy a Cancel For Any Reason Plan

You need to purchase a Trip Cancellation plan that includes Cancel For Any Reason as an optional add-on benefit.

  1. Get a Quote for a Cancel For Any Reason Plan
  2. Add Cancel For Any Reason as an option
  3. Proceed through the rest of the application

Additional Considerations when Buying Cancel for Any Reason Trip Insurance

  • ‘Cancel For Any Reason’ insurance is typically either added to a standard trip can policy (for an additional fee) or you can buy a plan that includes coverage automatically. Make sure you understand what you’re getting.
  • To be covered, you typically have to purchase coverage within 15-20 days of your initial deposit. You can’t wait until you want to cancel and then buy the policy!
  • Often the plan will stipulate that you must cancel no later than a certain number of hours or days before your departure date.
  • You must include coverage for all pre-paid travel expenses that are subject to penalties or are non-refundable. You can’t pick and choose which expenses you want to be covered.
  • You are only covered for amounts not refunded and as outlined in the policy. Read the fine print.

Understanding Cancellation Penalties

The percentage of coverage you get from these plans will vary depending on the plan and, in some cases, are subject to cancellation penalties. A cancellation penalty is an amount the travel supplier will not refund you if you have to cancel. The cancellation penalty determines the percentage that travels insurance will reimburse less the amount refunded by your travel supplier.

Seven Corners Insurance

RoundTrip Trip Cancellation Insurance

  • Comprehensive trip protection for U.S. residents traveling abroad.
  • Optional rental car collision coverage available.
  • Optional Cancel for Any Reason coverage available (if eligible).
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Also read:

  • Travel Insurance
  • International Health Insurance
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International Citizens Insurance
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      • Expat insurance for Brazilian Citizens Abroad
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      ▼
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  • Group Plans
    ▼
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    • School Groups
  • Insurance Companies
    ▼
    • Aetna International
    • Cigna Global Insurance Company
    • GeoBlue
    • International Medical Group
    • Now Health
    • Seven Corners
    • Tokio Marine HCC
  • Compare
    ▼
    • Compare Global Health Insurance Plans
    • Compare Travel Insurance Plans
  • Country Guides
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    • Health Insurance Plans in North America
      ▼
      • Health Insurance in the USA
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    • Understanding Health Insurance in South America
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      • Health Insurance in Argentina
      • Health Insurance in Colombia for Foreigners
      • Health Insurance in Chile
    • European Health Insurance
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