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Cancel for any reason coverage provides peace-of-mind

January 9, 2007 By Damian Tysdal

Want coverage no matter what happens? Buy “cancel for any reason” coverage

If you want cancellation coverage no matter what happens, some travel insurance companies offer policies with an optional “cancel for any reason” clause. This lets you cancel your trip, no matter what the reason, and receive 75% of the non-refundable trip cost.

“Cancel for any reason” coverage is a new product that gives travelers more flexibility

This is a relatively new product to come to the market, and it shows how travel insurance companies are tailoring their products to the customer’s needs. Two companies offer policies with “cancel for any reason” options: Travelsafe and M.H.Ross, who operates Tripinsurance.com.

Coverage costs extra, but provides peace of mind

Cancel for any reason coverage costs extra money, but many travelers like the flexibility of being able to cancel their trip without taking a total loss financially.

Cancel for any reason coverage will pay 75% of the non-refundable trip cost. Even though it is only partial refund of payments, it is better than a total loss, and many travelers spend the extra money for the peace of mind.

Be aware of the small print with “cancel for any reason” coverage

There are some conditions for cancel for any reason policies. This policy option covers 75% of the non-refundable trip costs. Cover requires that:

  • the plan be purchased within 15 days of the trip deposit
  • you select the “cancel for any reason” option when purchasing the policy
  • all pre-paid, non-refundable trip costs are insured
  • your trip is canceled 2 days prior to the departure date

(see How to Compare Quotes with a Travel Insurance Comparison Site)

Filed Under: Learning

About Damian Tysdal

Damian Tysdal is the founder of TravelInsuranceReview, and he believes travel insurance should be easier to understand. See more from Damian on Google+.

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About this website

My name is Damian, and I started this website in 2006 to help travelers understand travel insurance.

The site features company reviews, guides, articles, and many blog posts to help you better understand travel insurance and pick the right plan for your trip (assuming you actually need travel insurance).

I am also a licensed travel insurance agent, and you can get a quote and purchase through this site as well.

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