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The Best “Cancel For Any Reason” Travel Insurance Plans

FEATURED PARTNER OFFER

AXA Assistance USA

Recommended plan

CFAR reimbursement

CFAR purchase deadline

Within 14 days

of initial trip deposit

Recommended plan

CFAR reimbursement

CFAR purchase deadline

Within 14 days

of initial trip deposit

Why We Picked It

AXA’s Platinum plan is a robust plan that includes Covid in its medical and medical evacuation coverage. It has generous coverage levels for problems such as baggage loss, for which it provides up to $3,000 per person. If you want help with planning, take advantage of the plan’s concierge service, which can help with restaurant and hotel reservations, luxury rental arrangements such as villas and more.

The maximum insurable trip cost for the Platinum plan is $50,000.

More: AXA Assistance USA Travel Insurance Review

Pros & Cons

• Generous medical/evacuation limits of $250,000/$1 million per person.
• Top-notch baggage loss coverage of $3,000 per person
• Generous missed connection coverage of $1,500 per person (but for cruises and tours only)
• Covers lost ski days, lost golf rounds and sports equipment rental.
• Includes concierge services such as restaurant and hotel referrals and reservations, luxury rental arrangements such as villas and charter planes, golf course information and more.

• Travel delay and baggage coverage kicks in only after 12-hour delays

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IMG

Recommended plan

CFAR reimbursement

CFAR purchase deadline

Within 20 days

of initial trip deposit

Recommended plan

CFAR reimbursement

CFAR purchase deadline

Within 20 days

of initial trip deposit

Why We Picked It

The Travel LX plan from iTravelInsured includes “cancel for any reason” coverage. You must buy this plan within 20 days of your first trip deposit. Note that its “cancel for any reason” coverage can’t be used if your reason for canceling is that a travel supplier went out of business, such as a tour company that ceases operation. The Travel LX also includes a solid range of travel medical insurance, evacuation coverage and other benefits.

The maximum insurable trip cost for the Travel LX plan is $100,000.

More: iTravelInsured Travel Insurance Review

Pros & Cons

• Generous travel delay coverage of $2,000 per person, but only after a 12-hour delay.
• Will cover extra kennel fees if your return trip is delayed and your pet needs to stay longer at a commercial kennel.

• Financial default of a travel supplier is covered only after a 30-day wait, as opposed to 10 or 14 days from top competitors.

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John Hancock Insurance Agency

Recommended plan

CFAR reimbursement

CFAR purchase deadline

Within 14 days

of initial trip deposit

Recommended plan

CFAR reimbursement

CFAR purchase deadline

Within 14 days

of initial trip deposit

Why We Picked It

John Hancock Insurance Agency’s Gold plan has excellent coverage options, although it comes at a higher than average price compared to top competitors. The plan covers Covid and includes top-notch medical evacuation benefits. Its travel delay benefits kick in after only a 3-hour delay and it includes generous baggage loss coverage of $2,500 per person. The Gold plan is also good for travelers who want coverage for sports equipment.

The maximum insurable trip cost for the Gold plan is $100,000.

More: John Hancock Insurance Agency Travel Insurance Review

Pros & Cons

• Top-notch medical evacuation benefits of $1 million.
• Travel delay benefits kick in after only a 3-hour delay.
• Generous baggage loss coverage of $2,500 per person.
• Excellent hurricane and weather coverage.
• Includes coverage for sports equipment loss.
• Includes $100,000 per person in 24-hour accidental death and dismemberment (AD&D) coverage.

• Pricey among the plans we analyzed but you buy superior benefits.
• Baggage delay benefits require a 12-hour delay.

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Nationwide Mutual Insurance Co.

Recommended plan

CFAR reimbursement

CFAR purchase deadline

Within 21 days

of initial trip deposit

Recommended plan

CFAR reimbursement

CFAR purchase deadline

Within 21 days

of initial trip deposit

Why We Picked It

Nationwide’s Prime plan gives you a generous 21 days to add “cancel for any reason” coverage, compared to the typical 14 days with many other companies.

The Prime plan has a solid selection of benefits at a good price. It covers Covid and includes up to $1 million per person for medical evacuation coverage. Travel delay coverage of $1,500 per person kicks in after a 6-hour delay and trip interruption covers up to 200% of the trip cost. The Prime plan also includes baggage loss coverage of $2,000 per person.

The maximum insurable trip cost for the Prime plan is $30,000.

More: Nationwide Travel Insurance Review

Pros & Cons

• Superior medical evacuation coverage limit of $1 million.
• Generous trip interruption coverage of 200% of the trip cost.
• Good travel delay coverage of $1,500 per person after a 6-hour delay.
• Very good baggage loss coverage of $2,000 per person.
• Good price for the level of benefits included.

• Medical coverage is lower than most other top plans but might be sufficient for your needs.
• Baggage delay coverage requires a 12-hour delay.

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Seven Corners

Recommended Plan

CFAR Reimbursement

CFAR purchase deadline

Within 20 days

of initial trip deposit

Recommended Plan

CFAR Reimbursement

CFAR purchase deadline

Within 20 days

of initial trip deposit

Why We Picked It

Seven Corners’ RoundTrip Choice plan gives you 20 days to buy “cancel for any reason” coverage after your first trip deposit, compared to 14 days for many other insurers.

However this plan will not cover a “cancel for any reason” claim that’s due to a travel supplier’s cessation of operations for any reason, such as a tour company that goes out of business.

The RoundTrip Choice plan has excellent benefits, including Covid-related problems. The plan covers $500,000 per person in medical benefits and $1 million per person in medical evacuation. It also comes with $20,000 for non-medical evacuation if there’s a Travel Advisory or Travel Warning from the U.S. State Department. RoundTrip Choice also includes travel delay coverage of $2,000 per person, baggage loss of $2,500 per person and includes coverage for sports equipment.

The maximum insurable trip cost with the RoundTrip Choice plan is $100,000.

More: Seven Corners Travel Insurance Review

Pros & Cons

• The RoundTrip Choice plan gives you 20 days to buy “cancel for any reason” coverage after your first trip deposit, compared to 14 days for many other insurers.
• Superior medical and evacuation coverage limits of $500,000 and $1 million per person.
• Superior travel delay coverage of $2,000 per person.
• Baggage delay coverage of $500 per person requires only a 6-hour delay.
• Generous baggage loss coverage of $2,500 per person.
• Good hurricane and weather coverage.
• Includes coverage for sports equipment loss.
• Includes $20,000 for non-medical evacuation, which includes coverage to get you to a safe place or back home if there’s a Travel Advisory or Travel Warning from the U.S. State Department that you should leave the country due to civil, military or political unrest.

• This plan will not cover a “cancel for any reason” claim that’s due to a travel supplier’s cessation of operations for any reason, such as a tour company that goes out of business.

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HTH Travel Insurance

Recommended Plan

CFAR Reimbursement

CFAR purchase deadline

Within 10 days

of initial trip deposit

Recommended Plan

CFAR Reimbursement

CFAR purchase deadline

Within 10 days

of initial trip deposit

Why We Picked It

HTH’s TripProtector Preferred plan has a good price for luxury-level benefits. The plan covers Covid and includes $500,000 per person for medical coverage and $1 million per person for medical evacuation. Trip interruption coverage pays up to 200% of your trip cost. Travel delay coverage of $2,000 per person kicks in after a 6-hour delay and the plan includes $2,000 per person in baggage loss coverage.

The maximum insurable trip cost for the TripProtector Preferred plan is $50,000.

More: HTH Worldwide Travel Insurance Review

Pros & Cons

• Top-notch coverage limits for medical expenses and evacuation.
• Excellent trip interruption coverage of 200% of the trip cost.
• Very good travel delay coverage of $2,000 per person after a 6-hour delay.
• Excellent baggage loss coverage limit of $2,000 per person.

• Baggage delay coverage requires a 12-hour delay.

FEATURED PARTNER OFFER

Cat 70

Recommended Plan

CFAR Reimbursement

CFAR purchase deadline

Within 14 days

of initial trip deposit

Recommended Plan

CFAR Reimbursement

CFAR purchase deadline

Within 14 days

of initial trip deposit

Why We Picked It

Cat 70’s Travel Plan is worth a look for its great medical and evacuation coverage. The plan covers Covid-related problems and includes $500,000 per person in medical coverage and $500,000 per person in medical evacuation. The plan has good hurricane and weather coverage. Travel delay and baggage loss coverage is relatively low at $500 per person..

The maximum insurable trip cost for Cat 70’s Travel Plan is $30,000.

More: Cat 70 Travel Insurance Review

Pros & Cons

• Superior medical coverage of $500,000.
• Good hurricane and weather coverage.

• Travel delay and baggage loss coverage are both on the low side at $500 per person.
• Baggage delay coverage requires a 24-hour delay and has a low $200 per person limit.
• No rental car coverage available.

FEATURED PARTNER OFFER

GoReady (formerly April Travel Protection)

Recommended Plan

CFAR Reimbursement

CFAR purchase deadline

Within 14 days

of initial trip deposit

Recommended Plan

CFAR Reimbursement

CFAR purchase deadline

Within 14 days

of initial trip deposit

Why We Picked It

While you can find more generous medical benefits in other plans, GoReady’s Pandemic Plus plan is worth a look for its lower-than-average prices. The plan includes medical coverage of $50,000 per person and $500,000 per person in medical evacuation. You’ll get generous baggage loss coverage at $2,500 per person and sports equipment loss is included.

The maximum insurable trip cost for the Pandemic Plus plan is $25,000.

More: GoReady Travel Insurance Review

Pros & Cons

• Generous baggage loss reimbursement of $2,500 per person.
• Good hurricane and weather coverage.
• Covers financial default of a travel supplier after a 14-day waiting period.
• Sports equipment loss is included in baggage coverage.
• Superior pricing for the benefits included.

• Medical expenses coverage of $50,000 is relatively low but may be sufficient for you.
• Has a small medical deductible of $50 per occurrence compared to no deductible for most other plans.
• No rental car coverage available.

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Tin Leg

Recommended Plan

CFAR reimbursement

CFAR purchase deadline

Within 14 days

of initial trip deposit

Recommended Plan

CFAR reimbursement

CFAR purchase deadline

Within 14 days

of initial trip deposit

Why We Picked It

Tin Leg’s Gold plan has generous levels of benefits for a very good price. The plan covers Covid and includes $500,000 per person in medical coverage and $500,000 per person in medical evacuation. Baggage loss coverage is somewhat low at $500 per person but includes sports equipment loss.

The maximum insurable trip cost for the Gold plan is $30,000.

More: Tin Leg Travel Insurance Review

Pros & Cons

• Excellent medical and evacuation coverage limits of $500,000 each, per person.
• Good hurricane and weather coverage.
• Includes coverage for sports equipment loss.
• Competitively priced.

• Baggage delay coverage doesn’t kick in until 24 hours of delay.
• Baggage loss reimbursement is on the low end at $500 per person.
• No rental car coverage option.

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Travelex Insurance Services

Recommended Plan

CFAR Reimbursement

CFAR purchase deadline

Within 14 days

of initial trip deposit

Recommended Plan

CFAR Reimbursement

CFAR purchase deadline

Within 14 days

of initial trip deposit

Why We Picked It

Travelex’s Travel Select plan covers Covid and includes $50,000 per person in medical coverage and $500,000 per person in medical evacuation. Travel delay coverage of $2,000 per person kicks in after a 5-hour delay. The plan includes baggage delay coverage of $200 per person after a 12-hour delay.

Note that Travelex’s Travel Select plan reimburses 50% of trip costs under a “cancel for any reason” claim, not 75% like most other plans.

The maximum insurance trip cost for the Travel Select plan is $200,000.

Pros & Cons

• The Travel Select plan covers Covid and includes $50,000 per person in medical coverage and $500,000 per person in medical evacuation.
• Travel delay coverage of $2,000 per person kicks in after only a 5-hour delay.

• This plan reimburses 50% of trip costs under a “cancel for any reason” claim, not 75% like most other plans.

FEATURED PARTNER OFFER

USI Affinity Travel Insurance Services

Recommended Plan

CFAR reimbursement

CFAR purchase deadline

Within 14 days

of initial trip deposit

Recommended Plan

CFAR reimbursement

CFAR purchase deadline

Within 14 days

of initial trip deposit

Why We Picked It

The Diamond plan from USI Affinity Travel Services has plenty of top-level benefits. The plan covers Covid and includes $500,000 per person in medical coverage and $1 million per person in medical evacuation. The Diamond plan comes with $1,500 per person in travel delay coverage and $2,500 per person in baggage loss coverage.

The maximum insurance trip cost for the Diamond plan is $15,000.

More: USI Affinity Travel Insurance Review

Pros & Cons

• Superior coverage levels for medical expenses and evacuation of $500,000/$1 million per person.
• Very good travel delay coverage of $1,500 per person.
• Superior baggage loss coverage of $2,500 per person.
• Good hurricane and weather coverage.
• Includes some rental car coverage.

• Baggage delay coverage is good at $500 per person but requires a 12-hour delay for benefits to start.
• Pricing is on the high side compared to other top plans.

How Does “Cancel for Any Reason” Coverage Work?

“Cancel for any reason” insurance lets you cancel a trip for a reason not listed under your trip cancellation coverage and receive partial reimbursement. For example, if you get sick right before your trip and can’t go, that’s generally covered by standard trip cancellation insurance and you can make a claim for 100% reimbursement of the trip costs you lose.

But if you want the flexibility to cancel for reasons not listed in the base policy, “cancel for any reason” can help. For example, under CFAR you could make a cancellation claim because:

• You’ve developed a fear of travel.
• You don’t like your destination’s Covid testing requirements.
• You’ve seen bad reviews of your resort.
• You’ve decided to visit your grandchildren instead.

You will generally be reimbursed for 75% of your pre-paid, forfeited and non-refundable trip costs. The percentage for CFAR reimbursement will be listed in the policy.

To get “cancel for any reason” coverage you’ll have to purchase a base travel insurance plan and add “cancel for any reason” coverage within a certain time frame after your first trip payment. This is usually 14 days but make sure to check your plan. The deadline for adding CFAR will depend on the travel insurance company, and not all companies offer it.

You generally have to cancel your trip no less than 48 hours before your departure. For example, if you’re leaving tomorrow and you want to cancel the trip today, you probably won’t be able to make a CFAR claim.

Make sure to read the policy’s fine print and know the deadline for canceling the trip if you buy CFAR insurance.

How Much Does “Cancel for Any Reason” Insurance Cost?

“Cancel for any reason” coverage typically adds 50% to the cost of your travel insurance. Here are cost examples for two travelers from California going to Turks and Caicos on a $5,000 trip.

Summary: “Cancel for Any Reason” (CFAR) Coverage

Can I Use “Cancel for Any Reason” Coverage to Cancel My Trip Due to the COVID-19 Pandemic?

If you want to cancel your trip due to the coronavirus, you can use CFAR coverage. Keep in mind, you’ll need to cancel your trip by the policy’s deadline for a claim (typically two days before your departure date).

For example, you could make a claim under CFAR if you don’t like your destination country’s Covid testing requirements, or simply because you think it’s a bad time to travel.

What If I Don’t Have “Cancel for Any Reason” Coverage But I Want to Cancel My Trip Due to the Pandemic?

Some policies will cover Covid for trip cancellation and medical expenses. For example, if you’re diagnosed with Covid right before your trip, these plans can cover the money you lose under the regular trip cancellation benefits.

See our ratings of the best Covid-19 travel insurance to see who sells these plans.

Methodology

We scored 46 travel insurance plans using data provided by Squaremouth, a travel insurance comparison provider. Plans earned points based on the maximum insurable trip cost, the average cost increase for adding “cancel for any reason” coverage, the time frame to purchase a CFAR upgrade, and exclusions regarding CFAR coverage.

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“Cancel for Any Reason” Travel Insurance FAQ

How do I find the best travel insurance plan?

Identify the coverage types you want for your particular trip and then look for a policy that matches those needs, with ample coverage limits. For example, having a high amount of coverage for medical expenses may be important to you for a trip abroad.

See our ratings of the best travel insurance companies.

Is fear of traveling covered by travel insurance?

Travel insurance policies don’t cover fear of travel. But with CFAR coverage it doesn’t matter what your reason is—you can get partial reimbursement of your nonrefundable trip costs.

What if I don’t have CFAR but I want to cancel my trip?

If your reason for canceling is listed in the policy, you can make a claim for trip cancellation. Common acceptable reasons include a natural disaster or terrorist attack at your destination, suffering an injury before the trip, or needing to attend the birth of a family member’s child.

Next Up In Travel Insurance

• Best Travel Insurance Companies
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• Average Cost Of Travel Insurance 2022
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