Best “Cancel for Any Reason” Travel Insurance of 2024

“Cancellation for any reason” insurance allows you to cancel a trip for a reason not mentioned in your trip cancellation insurance and obtain a partial refund. For example, if you get sick just before your trip and can’t go, this is usually covered by standard trip cancellation cover and you can claim 100% reimbursement for the trip costs you lose.

But if you would like the flexibility to cancel for reasons not listed in the basic policy, CFAR can help you.

You will generally be reimbursed 75% of your prepaid, lost, non-refundable travel expenses. The CFAR reimbursement percentage will be stated in the policy.

To qualify for CFAR travel insurance, you’ll need to purchase a basic travel insurance plan and add “cancellation for any reason” coverage within a certain period of time after your first travel payment. This usually lasts 14 days, but be sure to check your plan.

The time frame for adding the CFAR will depend on the travel insurance company, and not all companies offer it. Being eligible to purchase CFAR is one of the benefits of purchasing travel insurance right after booking a trip.

You must generally cancel your trip at least 48 hours before your departure. For example, if you are leaving tomorrow and want to cancel the trip today, you probably won’t be able to make a CFAR claim.

Be sure to read the fine print of the policy and know the deadline to cancel the trip if you carry CFAR insurance.