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Trip Cancellation vs Cancel for Any Reason Travel Insurance

Trip Cancellation vs Cancel for Any Reason Travel Insurance

When purchasing travel insurance, it is very important to keep in mind the kind of insurance you are purchasing.

Travel medical insurance does not cover trip cancellations. Trip cancellation insurance provides trip cancellation benefits for covered reasons specifically mentioned in the certificate wording.

On the other hand, "cancel for any reason" travel insurance allows you to cancel the trip for any reason, as the name suggests. However, please keep in mind that this coverage is for cancellation only. If you want to change your trip for any reason, there is no coverage. If you want to delay your trip for any reason, there is no coverage.

Even though the exact reasons for trip cancellation may vary by each policy, they are usually for unexpected illness or injury preventing you or your companion from traveling, a non-traveling family member being hospitalized or passing away, weather or airline/cruise-related issues, natural disasters, jury duty, being laid off from a job, etc. All of those reasons must be unforeseen and specifically covered reasons.

When you need to cancel your trip for a covered reason, you will be reimbursed for 100 percent of the nonrefundable, prepaid trip costs.

On the other hand, "cancel for any reason" travel insurance allows you to cancel your trip for any reason or for simply changing your mind. Such policies are expensive, only reimburse 50 to 75 percent and are available only under certain conditions. You must purchase the insurance within 10 to 30 days of initial trip deposit, you must insure 100 percent of the prepaid, nonrefundable trip cost, you must insure your entire trip duration, and you must cancel at least 48 or 72 hours before the departure date.

If you are a busy executive who may simply not be able to go on the trip due to work reasons, or if you are traveling to an area of political unrest, you don’t feel safe at the destination, you are scared to visit your destination due to epidemic outbreak, you simply don’t feel like going, or you are looking for a new job and can’t go on a trip as you have to start a new job, "cancel for any reason" travel insurance would be helpful.

In all trip cancellation or "cancel for any reason" travel insurance policies, if you get any refund from a travel supplier, that amount will be deducted from the reimbursement given by the travel insurance plan.

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Visiting USA?

Healthcare costs are very high in the U.S.

Buy U.S. based visitors insurance and enjoy your trip.

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Traveling abroad?

Did you know that your insurance may not cover you abroad or that it may only provide limited coverage?

Purchase travel medical insurance that includes emergency medical evacuation.

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New immigrant to USA?

You would not be eligible to enroll in Medicare for the first 5 years.

Purchase new immigrant medical insurance to bridge the gap.

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Going on a vacation?

You could lose your non-refundable trip costs if you had to cancel your trip.

Buy a trip cancellation insurance package plan and be worry-free.

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Are you an exchange visitor to USA?

The U.S. Department of State requires all J visa holders to purchase compliant insurance.

Buy J visa medical insurance to meet your requirements.

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Traveling to Europe?

Schengen countries require most non-US citizens to purchase Schengen visa insurance.

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Traveling frequently throughout the year?

You don’t need to purchase travel insurance for every trip.

Purchase annual multi trip travel insurance for your travels.

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International student in the U.S.?

Most schools require international students to purchase health insurance.

Purchase international student health insurance that meets most school requirements.

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