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Cancel For Any Reason Travel Insurance Plans
The "Cancel For Any Reason" / "Change Your Mind" is just that - cancelling your entire trip. It's not "Interrupt For Any Reason / Change Your Mind". |
Click here if you're looking for Lay-Off coverage
The only way to be sure that you won't lose money by being forced to cancel your trip due to the Gulf oil spill is if you have a "Cancel For Any Reason / Change Your Mind" plan. |
You'll find "Cancel For Any Reason" Travel Insurance Plans from CSA, Travelex Select, Travelex Max, Travel Guard, Travel Insured 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 is everywhere and you're afraid to go to Wal-Mart. If this happens, you probably won't want to go on your trip either
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 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
Here Are The Purchase Deadlines:
The CSA Freestyle Luxe deadline is no later than 24 hours after your initial trip payment
The Travel Guard deadline is no later than 14 days after the date you made your initial trip payment
The TravelSafe deadline is no later than 15 days after the date you made your initial trip payment
The Travelex Select and Travel Insured WTP plans' deadlines are no later than 21 days after the date you made your initial trip payment
The Travelex Max and Travel Insured Gold plans' deadlines are no later than 30 days after the date you made your initial trip payment
All plans require:
With the exception of TravelSafe's Vacation & Premier, 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;
TravelSafe Vacation & Premier requires you to insure 100% of the non-refundable components of your trip that you want covered by the "Cancel For Any Reason" / "Change Your Mind". You do not have to insure your entire trip cost; and
You are not disabled from travel at the time you pay your premium and
You cancel your Trip more than two days (Travelex & TravelSafe) or fortyeight hours (CSA, Travel Guard & Travel Insured) prior to Your Scheduled Departure Date.
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
Important: With the exception of TravelSafe Vacation & Premier, if you insure an amount less than your total prepaid trip costs that are subject to cancellation penalties or restriction there will be no coverage available under the Optional Cancel For Any Reason Benefit, if purchased.
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.
You'll see split coverages below for the CSA Freestyle Luxe and TravelSafe plans. For example, your 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 how much these plans reimburse you if you use the "Cancel For Any Reason" benefit:
CSA Freestyle Luxe
CSA's Detailed Description Page
Cancellation Penalties |
Maximum payable under the policy |
Scheduled Penalty of 0% - 25% |
100% of the scheduled penalty at the time of trip cancellation |
Scheduled Penalty of 26% - 50% |
90% of the scheduled penalty at the time of trip cancellation |
Scheduled Penalty of 51% to 75% |
80% of the scheduled penalty at the time of trip cancellation |
Scheduled Penalty of over 76% |
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 & Canadian Residents |
Travelex Select
Travelex Select's Detailed Description Page
Plan Name |
|
Any Penalty Amount |
60% 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 Only |
Travelex Max
Travelex Max's Detailed Description Page
Plan Name |
|
Any Penalty Amount |
80% 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 Only |
Travel Guard
Travel Guard's Detailed Description Page
Plan Name |
||
Any Penalty Amount |
50% of the scheduled penalty at the time of trip cancellation |
75% 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 & Washington State residents | |
Travel Insured
Travel Insured's Detailed Description Page
Plan Name |
||
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 |
No later than 30 days after your initial trip payment |
Who Can Get This Plan? |
US Residents Only except Washington State residents | |
Travel Safe
TravelSafe's Detailed Description Page
Plan Name |
Both TravelSafe Vacation and TravelSafe Premier |
Scheduled Penalty of 0 - 25% |
100% of the scheduled penalty at the time of trip cancellation |
Scheduled Penalty of 26 - 50% |
85% of the scheduled penalty at the time of trip cancellation |
Scheduled Penalty of Over 50% |
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 & Canadian Residents |
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 |
Add 50% (or multiply it by 0.5) to each CSA Freestyle Luxe Plan per person premium to get the cost including the optional Cancel For Any Reason Benefit | |
Add 40% (or multiply it by 1.4) to the Travel Select per person premium to get the cost including the optional Cancel For Any Reason Benefit | |
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Add 40% (or multiply it by 1.4) to the Protect Assist (Gold) per person premium plus a $3 service fee to get the cost including the optional Cancel For Any Reason Benefit | |
Add 50% (or multiply it by 1.5) to the Cruise, Tour & Travel (Platinum) per person premium plus a $3 service fee to get the cost including the optional Cancel For Any Reason Benefit | |
Add 50% (or multiply it by 1.5) to each Travel Insured Worldwide Trip Protector Plan or Gold Plan per person premium to get the cost including the optional Cancel For Any Reason Benefit | |
Add 40% (or multiply it by 1.4) to each Vacation Plan per person premium to get the cost including the optional Cancel For Any Reason Benefit | |
The cost for the Cancel For Any Reason Benefit is included at no extra charge, but if you buy the TravelSafe Premier more than 14 days after your initial trip payment you will not be covered with the Cancel For Any Reason Benefit |
If your per person trip cost is up to $20,000 add 30% extraCancelForAnyReasonInsurance.com is a division of TripInsuranceStore.com
Protect Yourself and Travel with Peace of Mind
 Since Jan. 2005 | ||
Easily Contact TripInsuranceStore.com via email: steve@tripinsurancestore.com | ||
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