Cancel for Any Reason Insurance
Posted on September 15th, 2017
Cancel for Any Reason Insurance
Travel Insurance is a critical element of any vacation or trip planning. However, there are a multitude of reasons why we may need to cancel. Comprehensive Trip Insurance Plans will always have limited cancellation benefits. But many of us who live unpredictable lives need the ability to Cancel for Any Reason Insurance – and then get refunded. Let’s take a look.
Cancel for Any Reason Insurance – Basic Cancellation Benefits
Trip cancellation coverage is embedded into every policy. It provides you with financial protection. With this regular trip cancellation coverage, you are reimbursed for expenses associated with airfare and other non-refundable deposits that you’ve paid towards your trip. This basic trip cancellation coverage is comprehensive and will cover cancellations, such as:
- Accident, illness, or death of you, a traveling partner, business partner, or family member
- Jury duty
- Legal appearance
- Traffic accident en route to airport
- Death or hospitalization of your host at your travel destination
- Job loss
- Bankruptcy of your travel provider
100% Refund – really healthy coverage.
However, as you can see, there is not a great deal of flexibility.
What if you just change your mind? Decide that you no longer want to go?
The conference could be cancelled, the reunion delayed, the wedding cancelled.
Now what do you do?
Cancel for Any Reason Insurance – Introduction
Cancel for Any Reason coverage really is the most comprehensive coverage that can be obtained. It allows you to cancel, without reason, anytime up to 48 hours before departure, and receive a refund.
Now, this is only a 75% refund – not as healthy as the regular 100% refund obtainable with regular cancellation. But given the circumstances, where a traveler needs to give no reason at all, we think that Cancel for Any Reason Insurance is a pretty amazing benefit to have incorporated into a policy.
In many countries this benefit is not available – the USA leads the way with the provision of this type of coverage.
Cancel for Any Reason Insurance – Book Within 14 Days
Do remember to book your Cancel for Any Reason Insurance coverage early. It is important to book your travel insurance within 2 weeks of making your initial deposit, or the additional cancel for any reason cover will no longer be available.
Cancel for Any Reason Insurance – Airline & Travel Sites
We always recommend that you check the small print of any airline policy that you are offered. Every Travel Insurance cancellation benefit that we have seen looks incredibly limited, and none offer Cancel for Any Reason Insurance coverage. You will almost certainly find better coverage at a lower price if you spend a few minutes searching.
Cancel for Any Reason Insurance – Airline Ticket Hack
One way that these additional cancellation benefits can be used is to reduce the cost of airline tickets. Instead of booking Flexible or Refundable airline ticket, book a Non-Refundable, and then add some Cancel for Any Reason Insurance. It’s very clever, and certainly worth spending a little time reviewing. We have called this the Airline Ticket Hack.
As always, at AardvarkCompare we recommend that a travel consider travel insurance. You can get an anonymous quote in seconds, and compare dozens of the tops travel plans from many of the largest US travel insurers, saving you time and money finding the right travel plan for your needs.
What many people do not know is that they won’t find the same trip insurance plans available at a better price – all down to price certainty anti-discriminatory law in the US.
Travel Insurance Comparison – Will I Pay More Buying Travel Insurance from a Comparison Website?
In short – the price of a trip insurance quote for an insurance plan that you see from AardvarkCompare is the same price you would see from the insurance carrier direct – we are not allowed to compete on price for ‘filed’ insurance products. No one is. You are certain to get best value from us.