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Best Travel Insurance Policies With Cancel for Any Reason Coverage [2023]

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Jessica Merritt
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Jessica Merritt

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A long-time points and miles student, Jessica is the former Personal Finance Managing Editor at U.S. News and World Report and is passionate about helping consumers fund their travels for as little ca...
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Unexpected circumstances can disrupt even the best-laid travel plans, which is where Cancel for Any Reason (CFAR) travel insurance comes in. With CFAR travel insurance, you can cancel your trip for almost any reason and receive partial reimbursement for nonrefundable expenses.

While more costly than standard travel insurance or the travel coverage you might have on your credit card, CFAR offers value in peace of mind with a safety net that goes beyond the limits of what standard travel insurance policies offer. Whether you’ve had a change of heart, had unexpected obligations or emergencies pop up, or just want to stay as flexible as possible, CFAR coverage protects your travel investment.

Read this guide to learn what CFAR travel insurance entails, when you can use it, and how to add CFAR travel insurance to your existing travel insurance policy. You can also see some examples of travel insurance plans with CFAR options. 

What Is Cancel for Any Reason Travel Insurance?

CFAR travel insurance is a supplemental travel insurance policy that enhances trip cancellation coverage. While a standard travel insurance policy might cover specific trip cancellation reasons such as illness, injury, or death of a family member, CFAR travel insurance allows you to cancel your trip for nearly any reason — and still receive partial reimbursement for your prepaid nonrefundable trip expenses.

Here are a few important things to know about Cancel for Any Reason travel insurance:

  • Coverage: CFAR insurance enhances the trip cancellation reasons not covered by standard travel insurance policies. This includes things such as personal reasons, work-related issues, or just changing your mind.
  • Flexibility: Using CFAR insurance can give you exceptional flexibility if you’re concerned about plan changes or unforeseen events. You can cancel your trip and be eligible for reimbursement even if the reason doesn’t meet the criteria specified by regular travel insurance.
  • Timeframe: You typically need to purchase CFAR insurance within a specified period of making the initial trip deposit, usually within 10 to 21 days, depending on the insurance provider. It’s typically available as an optional comprehensive travel insurance policy add-on.
  • Reimbursement: While you’ll get reimbursed for prepaid nonrefundable trip expenses if you cancel, you shouldn’t expect full reimbursement. Depending on the policy, CFAR travel insurance reimbursement typically offers 50% to 75%.
  • Policy Conditions: Cancellation reasons are extremely flexible, but you’ll still need to meet policy requirements to avoid denying your claim. For example, you usually need to cancel within an allowable time frame, such as at least 2 days before your trip. You’ll need to read your policy carefully to understand limitations and exclusions.
Hot Tip:

Cancel for Any Reason travel insurance typically doesn’t cover points and miles reimbursement. However, the nonrefundable fees and taxes you must pay can be covered. You can also be reimbursed for fees associated with redepositing the miles or rebooking fees. But travel insurance, even Cancel for Any Reason travel insurance, generally does not insure the retail value of the ticket or your rewards — only your nonrefundable cash outlay.

Eligibility and Requirements for CFAR Coverage

Eligibility for CFAR coverage varies depending on the insurance provider and policy terms. But generally, you’ll need to purchase coverage within a certain timeframe, your trip must meet the criteria, and you must cancel within the allowed period, usually providing documentation to support the cancellation.

In addition to the cancellation timeframe, insurance providers may have other requirements that need to be met for CFAR coverage. These requirements can vary, so it’s essential to review the terms and conditions of the policy carefully. Some examples of additional requirements specified by insurers may include:

  • CFAR Purchase Timeframe: Depending on the insurer, you can typically only purchase CFAR coverage within a specific period of your initial trip deposit, usually between 10 to 21 days. It’s essential to check the policy details and ensure you meet the deadline for purchasing CFAR coverage.
  • Coverage Criteria: Your trip must meet eligibility for CFAR coverage with eligibility factors such as your residency, age, trip duration, and the total trip cost. 
  • Cancellation Timeframe: There’s usually a deadline you must cancel your trip by to be eligible for CFAR reimbursement, typically at least 48 hours from your scheduled departure. 
  • Documentation: An insurer may require you to provide documentation supporting your trip cancellation, such as medical certificates, official letters, or other evidence related to the reason for cancellation. 
Hot Tip:

State regulations restrict CFAR travel insurance in New York, requiring that travel insurance policies provide coverage for specific enumerated risks — which usually excludes CFAR coverage. If you live in New York and want CFAR coverage, you may need to work with an out-of-state insurance provider.

Cancel for Any Reason Travel Insurance Costs

Policy costs for CFAR vary depending on the insurance provider, specific policy, trip cost, and age of those being insured. You should expect CFAR coverage to cost about 10% to 50% more than the base travel insurance policy. For example, on a standard travel insurance policy that costs $200, you should expect to pay $20 to $100 more to add CFAR coverage.

Getting quotes for CFAR insurance from multiple insurance providers is a good idea to compare the costs and coverage based on your specific travel details and requirements.

Is Cancel for Any Reason Coverage Standard?

CFAR travel coverage isn’t standard on most travel insurance policies and is usually offered as an add-on to a standard travel insurance policy.

With a standard travel insurance policy, you generally have specific allowed reasons for trip cancellation, such as illness, injury, or the death of a family member. There are typically predefined criteria and limitations for reimbursement. 

CFAR coverage enhances the reasons for cancellation, allowing you to cancel your trip for any reason and still receive partial reimbursement. However, you should expect to pay more for this coverage than standard travel insurance. 

Hot Tip:

Some credit cards offer travel insurance as a cardholder benefit, especially travel credit cards. But don’t expect CFAR coverage with credit card travel insurance, as it doesn’t come standard, and you usually can’t customize credit card travel insurance coverage.

What To Look For in a Cancel for Any Reason Travel Insurance Policy

Consider these factors as you compare the best CFAR policy:

  • Availability: CFAR travel insurance isn’t available with all providers. Ensure the policy you’re considering includes a CFAR option, either as a standalone policy or as an add-on to standard travel insurance plans.
  • Eligibility Requirements: Some CFAR policies restrict age, trip duration, and preexisting conditions, so be sure you and your trip meet the requirements.
  • Percentage of Reimbursement: Review the CFAR policy before you book to confirm how much you’ll be reimbursed if you need to cancel. CFAR policies usually reimburse 50% to 75% of the trip cost.
  • Purchase Deadline: You’ll usually need to purchase your CFAR coverage within a certain period of booking your trip, so be sure you’re buying your policy within that timeframe.
  • Cancellation Window: Confirm how many days before your trip you need to cancel to be eligible for reimbursement, and be sure you understand the cancellation window the policy specifies. 
  • Refund Method: Find out how the insurance company will refund you if you need to cancel your trip. You might get cash or travel credits.
  • Exclusions: Read the policy to understand what’s excluded under CFAR coverage, such as reimbursement limitations related to terrorism, natural disasters, or preexisting conditions.
  • Policy Cost: You should expect to pay more for CFAR than standard trip cancellation coverage. Always compare policy costs across at least a few providers. 
  • Customer Reviews and Reputation: Read customer reviews and ratings to understand what other customers think of the insurance provider and get insight into how claims and customer service work. 
Hot Tip:

As you compare policy costs, make sure you’re looking at apples-to-apples policies. A policy that offers greater reimbursement might cost more but offer a better value if you need to cancel.

The Best Travel Insurance Plans With Cancel for Any Reason Coverage

While not all travel insurance providers offer CFAR coverage, several reputable companies do. Here are some of the best travel insurance policies with CFAR coverage:

SCROLL FOR MORE
Travel Insurance CompanyStandalone or Add-onReimbursement Percentage
Allianz Global AssistanceAdd-on80%
AXA Assistance USAAdd-on75%
Berkshire Hathaway Travel ProtectionAdd-on50%
IMG GlobalAdd-on75%
Seven CornersAdd-on75%
Tin LegAdd-on75%
Travelex Insurance ServicesAdd-on75%
Travel Insured InternationalAdd-on75%
USI Affinity Travel Insurance ServicesAdd-on75%
  • Allianz Global Assistance: If you’ve purchased a OneTrip Prime or OneTrip Premier travel insurance policy, you can add Cancel Anytime to your policy as an upgrade. It reimburses up to 80% of your lost nonrefundable trip costs if you cancel your trip for a reason your plan doesn’t already cover. Allianz CFAR is unique as it allows you to cancel as late as your day of departure — as long as you haven’t left yet.
  • AXA Assistance USA: When you buy a Platinum Plan travel insurance policy from AXA Assistance USA, you can get an optional benefit of Cancel for Any Reason with up to 75% of your trip cost reimbursed if you need to cancel. You must purchase coverage within 14 days of your initial trip deposit.
  • Berkshire Hathaway Travel Protection: You can upgrade a Berkshire Hathaway ExactCare or LuxuryCare plan with a Cancel for Any Reason upgrade. It provides reimbursement for up to 50% of your nonrefundable trip payments if you have to cancel your trip for a reason not listed in the ExactCare description of coverages.
  • IMG Global: Cancel for Any Reason coverage is available to IMG Global travel insurance policyholders. On the iTravelInsured Travel LX plan, you can purchase Cancel and Interruption for Any Reason coverage as an optional upgrade, which covers 75% of your nonrefundable insured trip cost.
  • Seven Corners: You can add Cancel for Any Reason coverage to most Seven Corners Trip Protection plans. Seven Corners also offers Interruption for Any Reason coverage as an add-on. Both offer up to 75% reimbursement for your nonrefundable trip expenses.
  • Tin Leg: Using Tin Leg Gold coverage, you can add Cancel for Any Reason as an upgrade to get partial — 75% — reimbursement for prepaid and nonrefundable trip payments if your trip is canceled for a reason not already covered by your main policy.
  • Travelex Insurance Service: As long as you cancel up to 48 hours before your scheduled departure date, you can get up to 75% of your insured trip costs — up to $7,500 — reimbursed with a Travelex Insurance Service Cancel for Any Reason upgrade.
  • Travel Insured International: On Travel Insured International Worldwide Trip Protection policies, you can add Cancel for Any Reason coverage for up to 75% reimbursement on qualifying travel expenses. Travel Insured International also offers Interrupt for Any Reason coverage.
  • USI Affinity Travel Insurance Services: With Travel Insurance Select plans from USI Affinity Travel Insurance Services, you can add Cancel for Any Reason or interruption for any reason coverage — with up to 75% reimbursement for qualifying expenses.

Covered Reasons for Trip Cancellation

Maldives in rainy season
Visiting the Maldives during the wet season? You might want coverage that lets you cancel if the forecast looks awful. Image Credit: Giselle Whiteaker via Pixabay

With CFAR travel insurance, you can cancel your trip and receive reimbursement for nearly any reason, even if standard travel insurance policies do not usually cover it. Your cancellation should be covered no matter your reason for cancellation as long as you meet policy requirements, such as canceling at least 48 hours before your scheduled departure. 

These are some common examples of covered reasons for trip cancellation under CFAR insurance:

  • Change of Heart: You can cancel your trip for personal reasons, such as no longer wanting to travel, fear, or choosing a different destination. 
  • Work-related Issues: Whether you’ve lost your job, can’t take time off as scheduled, or have another work conflict, you can get reimbursed for trip cancellation using CFAR insurance.
  • Family Events: Family obligations such as a wedding, the birth of a child, or a family member’s illness can be covered with CFAR insurance.
  • Personal Health Issues: CFAR insurance can cover trip cancellation if you have an unexpected illness or injury that prevents you from traveling — though you’ll need to cancel your trip within the timeframe required by the policy.
  • Natural Disasters: Hurricanes, earthquakes, or severe weather conditions that may make your destination unsafe or inaccessible are covered by CFAR insurance.
  • Political Unrest: CFAR insurance may cover trip cancellation due to political instability or civil unrest at your destination.

While CFAR travel insurance covers almost any reason you might have to cancel your trip, you should review your policy details carefully to ensure you’re covered. Understand the conditions and limitations, such as cancellation deadlines and reimbursement packages.

Denial of CFAR Coverage

While specific reasons for denial of Cancel for Any Reason coverage may vary depending on the insurance provider and policy terms, here are a few examples of potential reasons for denial:

  • Failure To Meet the Purchase Timeframe: If you fail to purchase CFAR coverage within the specified timeframe after making your initial trip deposit, the insurance provider may deny your claim. Make sure to review the policy details and adhere to the deadline for purchasing CFAR coverage.
  • Preexisting Medical Conditions: Some insurance policies may exclude coverage for preexisting medical conditions. If you or a covered individual has a preexisting medical condition that leads to trip cancellation, the CFAR coverage may be denied. It’s essential to carefully review the policy terms to understand any exclusions related to preexisting conditions.
  • Known Events: You’re typically not covered by CFAR if the reason for the cancellation was a “known event” when you purchased the policy. Known events are ones that are widely publicized and occurred before you bought the CFAR policy. For example, purchasing a policy after a hurricane was predicted to make landfall and then canceling for the storm may not be covered.
  • Canceling Too Late: You must cancel your trip within a specific timeframe before your scheduled departure date and will be denied if you cancel after this date.
  • Insufficient Documentation: You must provide the specific documentation required to support your claim, such as medical certificates or official letters. Your coverage may be denied without the necessary documentation. 
  • Failure To Meet Policy Criteria: Some policies have specific criteria for CFAR coverage, such as residency, age, trip duration, and total trip cost. You may not qualify for a CFAR policy if your trip doesn’t meet the criteria, or your claim may be denied if you get a policy but don’t meet the criteria.

How To Add Cancel for Any Reason Travel Insurance

You can often add CFAR travel insurance as an optional add-on to a comprehensive travel insurance policy — if your insurance carrier offers it. If you already have travel insurance for your trip, check with your insurance provider about the availability and cost of CFAR travel insurance. 

If your current travel insurance provider doesn’t offer CFAR coverage or you haven’t purchased travel insurance for your trip yet, you can look for a CFAR policy as standalone coverage. Research CFAR travel insurance providers and compare policies to find a policy that works for you. 

An Example

Let’s walk through adding CFAR coverage to a standard Seven Corners travel insurance policy.

First, I entered travel information to get travel insurance options. I was offered Trip Protection Basic or Trip Protection Choice. At the bottom, notice both have the option to add CFAR coverage.

Seven Corners travel insurance options with CFAR add ons
Basic and upgraded travel insurance policies from Seven Corners both offer CFAR as an add-on. Image Credit: Seven Corners

I selected Trip Protection Basic and then went forward to the optional coverage option. I was offered both Cancel for Any Reason and Interruption for Any Reason (IFAR) coverage. IFAR is far lower than CFAR, so it’s not a bad idea to add if you’re worried you might run into issues after your trip starts and can no longer use your CFAR coverage.

Seven Corners cancel for any reason travel insurance add on option
Travel insurance policy add-ons from Seven Corners travel insurance. Image Credit: Seven Corners

I added CFAR to my coverage, and the website explained in further detail the requirements for the plan.

Seven Corners travel insurance CFAR added
Seven Corners CFAR coverage will reimburse up to 75% of your prepaid nonrefundable trip costs. But you must purchase your coverage within 20 days of your initial trip deposit date and cancel at least 2 days before your departure. Image Credit: Seven Corners

Final Thoughts

CFAR coverage can offer flexibility and give you peace of mind that you can get money back for a canceled trip, no matter the reason. But CFAR travel insurance is more costly than standard trip cancellation insurance — and usually only reimburses up to 75% of your nonrefundable trip cost. Compare travel insurance policies offering Cancel for Any Reason add-ons that meet your needs for travel coverage.

Frequently Asked Questions

Can you buy Cancel for Any Reason travel insurance after booking?

Yes, you should buy CFAR travel insurance after booking, but don’t wait too long. You usually need to purchase coverage within 10 to 21 days of the first payment on your trip. 

Read our guide on buying travel insurance after departure to find out more.

Do I need Cancel for Any Reason travel insurance?

Whether you need Cancel for Any Reason travel insurance depends on your risk tolerance and the likelihood you’ll need to cancel. If you’re concerned you’ll have a change of heart, have health, family, or work situations that might require you to reschedule your trip, or worry about conditions at your destination — such as traveling during hurricane season or to an area with political unrest — it’s wise to consider CFAR coverage for your trip.

Can I get Cancel for Any Reason travel insurance after 21 days?

You may find a travel insurance provider that offers Cancel for Any Reason travel insurance after 21 days of booking, but it’s not guaranteed, and your options will undoubtedly be limited. It’s best to purchase travel insurance shortly after you book your travel.

How much does Cancel for Any Reason travel insurance cost?

As with any travel insurance, Cancel for Any Reason travel insurance costs vary depending on factors including the insurance provider, your policy details, trip cost, and your age. You should expect to pay about 10% to 50% more than the base travel insurance policy. For example, on a standard travel insurance policy that costs $200, you should expect to pay $20 to $100 more to add CFAR coverage. You can get quotes from multiple travel insurance providers and compare costs before you purchase a policy.

Can Cancel for Any Reason travel insurance be denied?

Just like regular travel insurance, your claim for Cancel for Any Reason travel insurance may be denied. While you have much more flexibility in the reasons you can cancel your trip and get reimbursement, you’ll still need to work within the policy’s requirements, such as canceling your trip at least 48 hours before departure. 

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About Jessica Merritt

A long-time points and miles student, Jessica is the former Personal Finance Managing Editor at U.S. News and World Report and is passionate about helping consumers fund their travels for as little cash as possible.

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