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Cancel For Any Reason Travel Insurance Plans

The “Cancel For Any Reason” is just that – cancelling your entire trip for a reason that is normally not covered (e.g., changing your mind). It’s not “Delay For Any Reason” nor “Interrupt For Any Reason”.

Read Steve’s helpful Blog post called “Cancel Your Plane Ticket Or Pay The Change Fee?” to learn how to correctly cancel your plane ticket so your Cancel For Any Reason coverage reimburses you for your airfare.

You’ll find “Cancel For Any Reason” Travel Insurance Plans from CSA Freestyle Luxe, Global Alert Preferred & Preferred Plus, Travelex Max, Travel Guard Gold, Travel Guard Platinum, Travel Insured Plus and TravelSafe.

Here are some common trip cancellation reasons that aren’t normally covered by Travel insurance, yet are covered by a Cancel For Any Reason Plans. Any of these events (and a lot more) are covered by a Cancel For Any Reason Plan:

  • You want to cancel your trip because you don’t feel safe. For example, Swine Flu or something else is everywhere and you’re afraid to go to Wal-Mart. If this happens, you probably won’t want to go on your trip.
  • Along these lines, Civil Unrest and War aren’t covered. If these things are happening at your destination, you probably won’t want to go on your trip, either
  • You just don’t feel right about leaving. Maybe you “just have a feeling” it’s not a good time to go on your trip. Ever had that “feeling” and you were glad you listened to it? I have: I was very close to my Paternal Grandparents. On August 29, 1997 I had a strong feeling I should, without delay, visit my Grandma who lived 200 miles away. I left immediately and had the best visit I ever had with her! Exactly 2 weeks later she died in her sleep. And, I was privileged to give the eulogy at her funeral.
  • You change your mind and don’t want to go on your trip
  • You get a new job and your boss won’t let you have the time off
  • Your adult children are idiots and their melodramas might cause you to cancel your trip
  • Your child or grandchild’s team which is normally in last place is now in the State Championship Finals
  • Your already approved vacation comes at a bad time and you know it would be better if you didn’t take your trip
  • Even though you and your significant other are “madly in love”, you still want to have a way out (maybe that plants a seed of discord?). More on this below.

Here Are The Purchase Deadlines:

All plans require:

  1. You insure 100% of your expected prepaid trip costs that would be non-refundable if you got hit by a cement truck on the day you were leaving for your trip and had to cancel at the last minute.Note this exception: TravelSafe allows you to insure the full prepaid cost of any specific travel arrangement without having to insure the full value of all your travel arrangements. For example, if you are flying to a cruise and you select “Air / Cruise” as your Type of Trip on the purchase application, you have to insure 100% of the cost of the airfare and the cruise to have CFAR coverage on the air and cruise. If you just insure the cruise, but not the full prepaid cost of the airfare you won’t have CFAR on the air and cruise.;
  2. You also insure within 14 – 30 days (depending on the plan) of the payment for those arrangements including the cost of any subsequent arrangements (or any other subsequent arrangements not made through your travel agent) added to your Trip; and
  3. You are not disabled from travel at the time you pay your premium and
  4. You cancel your Trip more than two days (Global Alert, Travelex Max & TravelSafe) or forty-eight hours (CSA, Travel Guard & Travel Insured) prior to Your Scheduled Departure Date.Tip: 48 hours does not equal 2 calendar days. Click here to see why not.

Important: There will be no coverage available under the Optional Cancel For Any Reason Benefit, if purchased if you insure an amount less than your total prepaid trip costs that are subject to any “scheduled penalty” on your Departure Date.

This is handy to know: I use the term “scheduled penalty” below. A “scheduled penalty” is the total amount of money you’d lose at the time you cancel your trip. Cruises & Tours typically have a penalty schedule. And if you have a non-refundable airline ticket the entire cost will be the penalty because technically you can’t get any of your money back if you cancel your trip.

The CSA Freestyle Luxe and TravelSafe plans reimburse you different amounts depending on the “scheduled penalty” in effect at the time you cancel your trip.

For example, a family of four is taking a cruise costing $5,000 total ($2,000 for non-refundable airline tickets & $3,000 for the cruise). If you change your mind and cancel you trip before your final payment, your penalty is $2,000 (the non-refundable airline tickets). $2,000 divided by $5,000 is 40%. Therefore, the CSA Freestyle Luxe will refund you 90% of the $2,000 and TravelSafe will refund you 85% of the $2,000.

Here’s a big drawback (besides the price & you don’t get a 100% refund) in the “Cancel For Any Reason” coverage:

A trip cancellation claim that is paid under the “Cancel For Any Reason” coverage means that any benefit you would get from cancelling your trip for a covered reason is lost. For example:

  • 2 people (significant others) are sharing a cabin on a cruise
  • Even though they are “madly in love” they still get “Cancel For Any Reason” coverage (maybe that plants a seed of discord?)
  • They have a falling out and one of them cancels their trip using their “Cancel For Any Reason” benefit
  • The other person does not receive the benefit (as in getting any money from the claim) of the additional cost incurred during the Covered Trip as a result of a change in the per person occupancy rate (single supplement).

If you carefully examine this policy wording, you’ll see what I mean: (italics mine)

“The Company will reimburse You, up to the maximum shown on the Confirmation of Coverage for Trip Cancellation, for the additional cost incurred during the Covered Trip as a result of a change in the per person occupancy rate for prepaid travel arrangements if a person booked to share accommodations with You has his/her Covered Trip delayed, canceled, or interrupted for a covered reason and You do not cancel.”

The reason the traveler still going on the trip doesn’t get their single supplement costs paid in a claim is because the “Cancel For Any Reason” coverage allows a person to cancel for a not-covered reason.

Here’s how much these plans reimburse you if you use the “Cancel For Any Reason” benefit:

Click here for CSA’s Detailed Description Page

Cancellation Penalties Maximum payable under the policy
Plan Name CSA Freestyle Luxe
Scheduled Penalty: 0-25% 100% of the scheduled penalty at the time of trip cancellation
Scheduled Penalty: 26-50% 90% of the scheduled penalty at the time of trip cancellation
Scheduled Penalty: 51-75% 80% of the scheduled penalty at the time of trip cancellation
Scheduled Penalty: 76-100% 70% of the scheduled penalty at the time of trip cancellation
The Deadline to Get the CFAR Benefit No later than 24 hours after your initial trip payment
Who Can Get This Plan? US Residents

Click here for the Global Alert Preferred and Preferred Plus’ Detailed Description page

Cancellation Penalties Maximum payable under the policy
Plan Name Global Alert Preferred and Preferred Plus
Any Penalty Amount 75% of the scheduled penalty at the time of trip cancellation
The Deadline to Get the CFAR Benefit No later than 15 days after your initial trip payment
Who Can Get This Plan? US Residents

Click here for Travelex Max’s Detailed Description

Plan Name Travelex Max
Any Penalty Amount 75% of the scheduled penalty at the time of trip cancellation
The Deadline to Get the CFAR Benefit No later than 30 days after your initial trip payment
Who Can Get This Plan? US Residents & US Expatriate Citizens living anywhere

Click here for Travel Guard’s Detailed Description

Plan Name Travel Guard Gold plan Travel Guard Platinum plan
Any Penalty Amount 50% of the scheduled penalty at the time of trip cancellation 50% of the scheduled penalty at the time of trip cancellation
The Deadline to Get the CFAR Benefit No later than 14 days after your initial trip payment
Who Can Get This Plan? US Residents Only except New York State residents

Click here for Travel Insured’s Detailed Description

Plan Name Travel Insured Worldwide Trip Protector Plus Plan
Any Penalty Amount 75% of the scheduled penalty at the time of trip cancellation
The Deadline to Get the CFAR Benefit No later than 21 days after your initial trip payment
Who Can Get This Plan? US Residents

Click here for TravelSafe Classic Plus’s Detailed Description

Plan Name TravelSafe Classic Plus (US residents)
TravelSafe Classic Plus (Canadian Residents except Quebec)
Any Penalty Amount 75% of the scheduled penalty at the time of trip cancellation
The Deadline to Get the CFAR Benefit No later than 21 days after your initial trip payment
Who Can Get This Plan? US Residents and Canadian Residents except Quebec

Here’s How Much Extra the
Optional “Cancel For Any Reason” Benefit Costs:

Plan Name

Add this to the policy premium for the total cost including the optional Cancel For Any Reason Benefit
CSA Freestyle Luxe Add 50% (or multiply it by 1.5) to each CSA Freestyle Luxe Plan per person premium to get the cost including the optional Cancel For Any Reason Benefit
Global Alert Preferred The Global Alert Preferred plan’s optional Cancel For Any Reason Benefit prices are in its price table
Global Alert Preferred Plus The Global Alert Preferred Plus plan includes the Cancel For Any Reason Benefit. The prices are in its price table.
Travelex Max Add 50% (or multiply it by 1.5) to the Travelex Max premium to get the cost including the optional Cancel For Any Reason Benefit
Travel Guard Gold Add 40% (or multiply it by 1.4) to the Gold per person premium to get the cost including the optional Cancel For Any Reason Benefit
Travel Guard Platinum Add 40% (or multiply it by 1.4) to the Platinum per person premium to get the cost including the optional Cancel For Any Reason Benefit
Travel Insured Plus The Travel Insured Plus Plan Cancel For Any Reason Benefit prices are included in its price table
TravelSafe Classic Plus Insurance The TravelSafe Classic Plus plan’s price includes the Cancel For Any Reason Benefit




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