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Compare cancel for any reason travel insurance

Unlock protection that lets you cancel your trip without numerous excluded reasons

Updated

Cancel for any reason coverage works well for travelers who want the utmost flexibility and can afford an extra premium. While you can cancel for any situation, you’ll need to mind several requirements to get a payout, like canceling before the cutoff date.

What is cancel for any reason travel insurance?

Cancel for any reason coverage (CFAR) is an optional coverage you can add to some travel insurance policies. This coverage lets you cancel your trip without considering the reason for canceling — few reasons are excluded, if any. You can get reimbursed up to 75% of your trip expenses.

How is CFAR different from standard travel insurance?

A standard travel policy includes trip cancellation coverage, but only for specific reasons. Those reasons may include illness, traffic accidents, strikes, political unrest or severe weather.

If your reason for canceling isn’t listed as a named peril, you may not get reimbursed for expenses. And standard policies have general exclusions like pandemics or pre-existing conditions.

With CFAR coverage, you don’t have these limitations on canceling your trip.

How does cancel for any reason coverage work?

To get coverage that allows you to cancel for any reason, you’ll need to meet your insurance company’s requirements. Some common requirements to watch for:

  • Add coverage before the cutoff. Some companies require you to buy CFAR coverage within 24 hours of your first trip deposit. But others let you buy within a few days before departure. Understand the time period you have to add the coverage to your policy.
  • Be physically able to travel when you buy. The idea is to buy the policy as a precaution, not because you know you’ll need to cancel.
  • Insure all nonrefundable costs. Make sure you buy enough coverage for all nonrefundable trip expenses, including hotel and airfare.
  • Stay under the maximum trip value. Some companies limit the value of the trips they will cover, such as a $10,000 limit for trip costs per person.
  • Report new costs in a timely manner. You may have a time limit to adjust coverage for new trip expenses. For example, some policies require that you report a new expense within two weeks after your purchase.

Keep in mind you’ll only get reimbursed for a portion of your trip’s expenses based on the coverage you choose. Many policies provide up to 75% of the cost.

What does cancel for any reason travel insurance cover?

With this travel coverage, you can cancel your trip for any situation you deem necessary.

What’s not covered?

Although you can cancel your trip for any situation, you won’t get coverage if you don’t meet all the insurance company’s requirements. For example, if your insurer can prove you took out less coverage than your trip’s cost, you might not get reimbursed for canceling.

In addition to meeting requirements for buying coverage, you should also keep these factors in mind:

  • Give enough time for cancellation. If you need to cancel, make sure you do so before the cutoff — usually 48 hours before departure.
  • All travelers must cancel the trip. All travelers listed under the coverage must cancel their trip for anyone to receive any benefits.

Compare cancel for any reason travel insurance

Name Product Trip Cancellation Emergency Medical Expenses Baggage Coverage Trip delay
Allianz Travel OneTrip Emergency Medical Plan
$50,000
$2,000
$1,000
Budget-friendly policy designed for international and domestic travelers who want medical protection. Trip cancellation and trip interruption not included.
Allianz Travel AllTrips Basic Plan
$20,000
$1,000
$600
Annual policy that offers affordable protection, but doesn't include trip cancellation or trip interruption.
Travelex Travel Basic
100%
$15,000
$500
$500
Essential travel coverage — with the option to customize — that can protect the cost of your trip.
Travelex Flight Insure
$10,000
$1,000
$100
Protect the cost of your flight and choose the coverage amount that meets your needs — trip delay protection included.
RoamRight Essential Travel Insurance Plan
100%
$15,000
$750
$500
Basic policy with coverage that includes trip cancellation insurance, tourist health insurance and baggage insurance.
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Compare up to 4 providers

How much does a policy cost?

Cancel for any reason travel insurance can cost up to 50% more than standard travel insurance. For example, that means if you planned to buy a travel policy for a $5,000 trip, standard travel insurance might cost you $300. The same trip protected with CFAR coverage might cost you $450 to $600 to insure.

Is cancel for any reason travel insurance worth it?

The main reasons you might need CFAR coverage is for plan flexibility and to protect the investment in your trip. You might want cancel for any reason coverage if you’re:

  • Taking an expensive vacation
  • Planning your trip far in advance
  • Booking several nonrefundable tickets
  • Not certain you’ll stick to your trip plans
  • Traveling to a dangerous area — Standard trip cancellation coverage might not include changes in travel advisories, but CFAR can cover it.

How do I compare policies that allow cancellations for any reason?

Since the coverage is the same across insurance companies who offer CFAR coverage, you might look at several other factors when shopping:

  • Cost. CFAR coverage comes with a hefty price tag, so you might price shop with different insurers first.
  • Requirements. Some insurance companies have multiple requirements for coverage, while others only have two or three. The fewer the requirements, the more chance you’ll get reimbursed for your claim.
  • Amount of reimbursement. Many policies reimburse up to 75%, so you might pass on policies that pay out less. However, you might accept lower coverage if you want a lower premium in exchange.
  • Insurance company’s reputation. Travel involves uncertainties, so consider a company known for its quality service and leniency in covering special situations. You can find out its reputation on websites like the Better Business Bureau, Trustpilot and A.M. Best.

Bottom line

CFAR coverage provides greater flexibility than standard trip cancellation coverage — it lets you cancel for reasons that aren’t normally covered by travel insurance. However, you should weigh the cost, coverage and requirements first to make sure you’re buying the right travel coverage for you.

Questions about cancel for any reason travel insurance

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