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Trip Insurance Cancel For Any Reason

Cancel for Any Reason

The Cancel for Any Reason (CFAR) option is available as an upgrade when you purchase the Platinum, Gold, or My Travel Guard plan and is a great option that allows travelers to cancel their trip for any reason that is not otherwise covered in their base plan, provided they cancel their trip more than 48 hours before their departure date.В

There are three criteria that must be met in order to be eligible for Cancel for Any Reason coverage:В
Provided the above criteria is met, and the Insured is prevented from taking the trip for any reason not otherwise covered by this plan, the insurer will reimburse the insured for a percentage of the prepaid, forfeited, non-refundable payments or deposits for insured trip arrangement(s) up to the maximum limit.В

  1. The CFAR coverage is purchased within 15 days of the initial trip deposit.
  2. The trip is cancelled more than 48 hours prior to scheduled departure.
  3. The full cost of all non-refundable, prepaid trip arrangements is insured at the time of purchase.

Be sure to read your description of coverage.В

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To learn more about which plan is best for the type of trip you are taking, click the button below to compare plans:В

Copyright В© 2018, Travel Guard.В Non insurance services are provided by Travel Guard.

This plan provides insurance coverage that only applies during the covered trip. You may have coverage from other sources that provides you with similar benefits but may be subject to different restrictions depending upon your other coverages. You may wish to compare the terms of this policy with your existing life, health, home, and automobile insurance policies. If you have any questions about your current coverage, call your insurer or insurance agent or broker. Coverage is offered by Travel Guard Group, Inc (Travel Guard). California lic. no.0B93606, 3300 Business Park Drive, Stevens Point, WI 54482, www.travelguard.com. CA DOI toll free number: 800-927-HELP. This is only a brief description of the coverage(s) available. The Policy will contain reductions, limitations, exclusions and termination provisions. Insurance underwritten by National Union Fire Insurance Company of Pittsburgh, Pa., a Pennsylvania insurance company, with its principal place of business at 175 Water Street, 15th Floor, New York, NY 10038. It is currently authorized to transact business in all states and the District of Columbia. NAIC No. 19445. Coverage may not be available in all states. Your travel retailer may not be licensed to sell insurance, and cannot answer technical questions about the benefits, exclusions, and conditions of this insurance and cannot evaluate the adequacy of your existing insurance. The purchase of travel insurance is not required in order to purchase any other product or service from the Travel Retailer.

Full current policy documents can be found here.

4 Differences Between Trip Cancellation and ‘Cancel for any reason’

Trip cancellation coverage reimburses a traveler 100% of their insured, pre-paid, non-refundable trip costs when an unforeseen event causes them to cancel an insured trip.

What gives travelers pause – and the reason ‘Cancel for any reason’ was created – is that they sometimes have to cancel their trip for a reason that’s not covered by their insurance plan.

‘Cancel for any reason’ is usually a separate benefit and sold as an optional upgrade to trip cancellation coverage. ‘Cancel for any reason’ or ‘CFAR’ is considered a fail-safe by travelers who worry that special circumstances will force them to cancel their trip for a reason that is not covered by trip cancellation coverage.

Just like standard trip cancellation coverage, ‘CFAR’ covers pre-paid trip costs and non-refundable trip payments made before the trip begins when a traveler has to cancel their trip, but there are significant differences between standard trip cancellation and ‘CFAR’ coverage.

Why Two Cancellation Options?

Many travelers make the mistake of buying their travel insurance and reading the words ‘trip cancellation’ and thinking they are covered no matter what. This isn’t true, and it’s a source of great frustration when a traveler cancels their trip, thinking that they’re covered, and finds out that the reason they cancelled their trip is not covered after all.

Hint: a careful review of your travel insurance plan document during the review period will ensure that you are not surprised like this.

Let’s review the differences between trip cancellation and ‘cancel for any reason’ coverage.

1. Early Purchase Requirements Apply to ‘CFAR’

With nearly all travel insurance plans, access to ‘Cancel for any reason’ coverage requires that the traveler purchase the plan within a certain number of days (and in some cases – hours!) after making their initial trip deposit.

Even if you don’t have all your travel plans secured yet, it’s OK to make the travel insurance purchase in time to meet the early purchase requirement and then adjust the policy to include other pre-paid trip costs later.

Just don’t forget to add those trip costs to your plan (even if it increases your premium a little) because only those costs you’ve insured are subject to reimbursement later.

2. Cancellation Timing is Critical

With standard trip cancellation, a traveler is typically covered right up until their scheduled departure. If you have a travel insurance plan and a covered reason for trip cancellation is traffic accidents on the way to your departure, you can be reimbursed for your insured trip expenses even if you have an accident on the way to the airport.

‘Cancel for any reason’ coverage requires a traveler to cancel the trip not less than a number of days or hours prior to the originally scheduled departure. The number of hours varies from plan to plan, but many have a 2-day, or 48-hour, cancellation requirement.

3. Reimbursement Amounts Vary

The coverage amounts with ‘Cancel for any reason’ vary from 50-100% depending on the plan you purchase. In all cases, trip cancellation covers 100% of a traveler’s pre-paid and non-refundable trip costs as long as the traveler cancels for a covered reason.

With ‘CFAR’, however, many plans limit the reimbursed amount – some delivering as little as 50% of a traveler’s trip costs. See a full list of plans with reimbursement amounts and more.

4. Cancellation Penalties Apply to ‘CFAR’

With some plans, the coverage amount is subject to cancellation penalties. A cancellation penalty is the amount the travel supplier will not refund you if you have to cancel.

For example, you may have reserved a hotel room that allows you to cancel up to 24 hours before arrival with the penalty of one night’s stay. The cancellation penalty determines the percentage that travel insurance will reimburse minus the amount refunded by the travel supplier – if any.

See a review and an example of cancellation penalties.

Where Trip Cancellation and ‘CFAR’ are Alike

  • Just like standard trip cancellation, a traveler must insure 100% of their pre-paid travel costs, i.e., everything that is subject to cancellation penalties or restrictions by the travel supplier.
  • Just like with standard trip cancellation, any amounts that are refunded by the travel supplier are deducted from the amount that will be refunded by the travel insurance plan.
  • Just like standard trip cancellation, a traveler must insure all – that is 100% – of their pre-paid, non-refundable trip costs or risk invalidating their coverage or not getting the complete reimbursement amount they expected.

Should you extend your travel insurance plan and pay the extra premium to include ‘Cancel for any reason’? See this topic to decide:

For more information, see a full review of trip cancellation benefits in our coverage guide, as well as a full review of ‘Cancel for any reason’ benefits.

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).

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Cancel For Any Reason Travel Insurance

Introduction

Cancel for any reason travel insurance allows the person to cancel the trip for any reason and get a refund of the trip cost. However, it is not really any reason, any time, full refund unconditionally and no questions asked. There are some restrictions, as described below.

Regular trip cancellation insurance plans allows you to cancel your trip for covered reasons such as your sickness, death in the family, destruction of house etc. However, cancel for any reason travel insurance plans provides trip cancellation for any other reason otherwise not covered by the travel insurance. Even though it may cost extra to upgrade the travel insurance to cancel for any reason, it is money well worth spent.

Eligibility

In order to get the trip cancellation coverage under the cancel for any reason travel insurance, certain conditions must be met. Of course, the exact conditions vary based on the insurance plan that you purchase.

You must purchase the insurance within a certain duration of your initial trip deposit: varies from 24 hours to 21 days. If you make any additional payments that were not already included in the initial trip cost, you must purchase the additional insurance within the same duration constraints.

You must insure all your pre-paid trip costs. Please note that this is not only the non-refundable portion of your pre-paid trip cost, but the entire pre-paid trip cost that is subject to any penalty before your departure date.
E.g., if you prepaid $3,000 for an airline ticket, but they would only charge you $400 as the penalty for canceling it, your trip cost would be $3,000 and not $400.

You must cancel your trip at least 2 days or 48 hours in advance. (Of course, if you develop any other covered reasons for regular trip cancellation any time before you depart, you can still cancel your trip and get up to 100% of your non-refundable trip cost back.)

The percentage amount you get back may vary from 50% to 100%, and depending upon the penalty percentage, the actual amount you get back may vary.

  • You are not disabled from travel at the time you purchase the travel insurance.
  • Sample Reasons

    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. Therefore, cancel for any reason travel insurance would be helpful in such cases.

    Change of mind

    You simply change your mind and you decide not to go for any or no reason.

    Unavailability of travel documents

    You are unable to get the passport and/or visa in time before your travel dates. Sometimes, you already have the passport and you apply for the visa in time, but it is denied.

    Work related reasons

    Your leave is cancelled at the last moment, your business meeting is cancelled or the company decided to send someone else other than you on the trip. Or you just switched jobs and your new boss would not allow you to take any time off from work so soon.

    You feel that it would be too hot or too cold at the place you would be visiting and you would not enjoy it as much as you originally thought.

    Family reasons

    Your child insists that you celebrate their birthday or your cousin’s wedding is scheduled during the time you were planning to be on vacation.

    Travel fears

    Recent developments in the country of your destination makes you nervous to travel to that country.

    You find out that there is an epidemic (such as H1N1 flu etc.) in the area you were planning to travel to and you are just afraid to go there.

    Your pet is sick, you broke up with your girlfriend that you planned to take trip with or similar reasons.

    Of course, you can also cancel your trip for any other reasons not described above.

    Cancel for Any Reason

    You may want to cancel your travel plans for reasons not covered in your policy. Cancel For Any Reason provides reimbursement up to 75% for non-refundable trip payments and deposits when you cancel your trip for reasons not covered within your policy.

    Always read your travel insurance policy for full coverage details. Cancel For Any Reason is an optional benefit available to the Classic plan only.

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    How Cancel for Any Reason Works

    Cancel For Any Reason is a great benefit to add onto the Classic plan. It helps travelers provide extra coverage for what ifs that Trip Cancellation doesn’t cover. Things like fear of contracting a pandemic like Zika virus, less than great surfing conditions, and a bad breakup are all things Cancel For Any Reason will cover that Trip Cancellation won’t.

    Exclusions

    It is especially important to read your plan documents to understand the full benefits and exclusions.

    When to Buy Cancel for Any Reason

    Cancel For Any Reason is time-sensitive. This mean you must purchase your policy within 21 days of your initial trip deposit to add it onto your plan.

    Insuring Full Trip Cost

    You must insure 100% of the prepaid trip costs that are subject to cancellation penalties or restrictions. It’s important you do this within 21 days of the payment or deposit for those travel arrangements added to your trip. If you do not insure the full cost of your trip, your Cancel For Any Reason claim will be denied.

    When to Cancel

    If you want to use your Cancel For Any Reason benefit, you’ll need to cancel your trip 2 days or more before your scheduled departure date.

    Not Every State is Eligible

    State regulations can be tough to navigate and balance out. For that reason, some states don’t want Cancel For Any Reason to be available in their state. We’ll let you know if Cancel For Any Reason isn’t available to your state.

    Important Plan Information

    The Cancel For Any Reason Benefit is subject to: 1) You purchasing of the Classic Plus Plan within 21 days of the date of Your original Trip deposit; 2) You insuring 100% of the cost of all Travel Arrangements that are subject to cancellation penalties or restrictions; and 3) You canceling Your Trip two (2) days or more before Your Scheduled Trip Departure Date. If You cancel Your Trip for a covered reason, You will be reimbursed for 100% of the cost of Your prepaid, non-refundable Travel Arrangements (limited to the amount of coverage purchased) and is not available to New York residents. Not all coverages apply to the TravelSafe Basic Plan . Benefits in this website are described on a general basis only. There are certain restrictions, exclusions and limitations that apply to all coverages and services. This web page does not constitute or form any part of the Plan Document or any other contract of any kind. Plan benefits limits, and provisions may vary by state jurisdiction or may not be available in all states. It is important to read your plan documents to have a full understanding of the coverage available to you.

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    Copyright В© 2018, Travel Guard.В Non insurance services are provided by Travel Guard.

    This plan provides insurance coverage that only applies during the covered trip. You may have coverage from other sources that provides you with similar benefits but may be subject to different restrictions depending upon your other coverages. You may wish to compare the terms of this policy with your existing life, health, home, and automobile insurance policies. If you have any questions about your current coverage, call your insurer or insurance agent or broker. Coverage is offered by Travel Guard Group, Inc (Travel Guard). California lic. no.0B93606, 3300 Business Park Drive, Stevens Point, WI 54482, www.travelguard.com. CA DOI toll free number: 800-927-HELP. This is only a brief description of the coverage(s) available. The Policy will contain reductions, limitations, exclusions and termination provisions. Insurance underwritten by National Union Fire Insurance Company of Pittsburgh, Pa., a Pennsylvania insurance company, with its principal place of business at 175 Water Street, 15th Floor, New York, NY 10038. It is currently authorized to transact business in all states and the District of Columbia. NAIC No. 19445. Coverage may not be available in all states. Your travel retailer may not be licensed to sell insurance, and cannot answer technical questions about the benefits, exclusions, and conditions of this insurance and cannot evaluate the adequacy of your existing insurance. The purchase of travel insurance is not required in order to purchase any other product or service from the Travel Retailer.

    Full current policy documents can be found here.

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