Travel Insurance Services (TIS) has issued a press release announcing a “cancel for any reason” option for their policies.
From PR Web’s press release:
“There is a large segment of the population who just don’t believe they will become sick enough to cancel a trip,” said Kevin O’Neal, President of Travel Insurance Services. “This product is for them√Ęā«®āńýbecause chances are they can picture an important meeting, unexpected weather or a child’s school function interrupting their plans.”
Cancel for Any Reason coverage makes it simple. If you cancel your trip for any reason not otherwise covered by the Travel Insurance Select policy, you will be reimbursed for 75% of the prepaid, forfeited, non-refundable payments or deposits you paid for your trip. All you have to do is:
– Purchase within 15 days of the date your initial deposit/payment for your trip is received;
– Insure all prepaid trip costs that are subject to cancellation penalties; and
– Cancel your trip 2 days or more before your departure date.
The availability of this optional coverage gives customers the ability to customize their travel insurance to fit their trip and their lifestyle. Many retirees or empty-nesters may feel that purchasing the basic Travel Insurance Select product is sufficient because they don√Ęā«®ā—Ęt have a long list of commitments that could interfere with their travel. But professionals, families or people caring for older family members may want the flexibility they get by adding the Cancel for Any Reason coverage to the basic Travel Insurance Select plan.