Cancel For Any Reason Travel Insurance
A staple element of nearly all travel insurance policies is coverage that protects the policyholder in the case where the airline or charter group cancels the flight or a hotelier overbooks and cancels the traveller's accommodations. These forms of cancellations that are beyond the control of the traveller are covered by most travel insurance.
However, it is a different story altogether is the traveller attempts to cancel a trip. Some airline tickets can be refunded is travel is cancelled well in advance but economy tickets are not refunded for even the most valid reason. Hotel accommodation can be cancelled more than a day in advance, but if it is high season or if you must cancel at the last minute, a payment of at least the first night will be expected. This same scenario will be repeated for every item that has been booked in advance for each leg of your itinerary, resulting in expense and huge time expenditure.
So do you travel anyway, even though your basement is flooded and will remain that way until you return? It would be better to get have prepurchased travel insurance with a " Cancel For Any Reason" clause. This type of clause is new and is primarily offered with Preferred or Preferred Plus travel insurance plans. The "Cancel For Any Reason" clause allows just that; you may cancel for reasons such as your boyfriend is coming to town after all, to illness.
The "cancel for any reason" coverage extends to 75% of all of the non-refundable trip costs. To be adequately covered by this feature it is necessary that the travel insurance plan is purchased within 15 days of trip departure and that the "Cancel For Any Reason" is selected by the purchaser. All pre-paid, non-refundable trip costs must be detailed in the policy and insured. Most Cancel For Any Reason Travel Insurance coverage will not apply when cancellation is made less than 2 days prior to the scheduled departure date; it really is not quite intended for up to the last minute decisions. However, since most trips are planned months and even years in advance, this type of coverage offers incredible flexibility and customer choice options.
The "Cancel For Any Reason" inclusion to a travel insurance policy is an example of the travel insurance industry's efforts to accommodate consumer interests and changes. This unique benefit specially caters to customers who want to protect against the unforeseen need to cancel their travel plans for reasons not otherwise covered by the standard policy. This policy provides customers who purchase the "Cancel For Any Reason" benefit plan with a refund of up to 75% of the non-refundable trip costs such as, hotel, train and plane tickets, and tour bus reservations.
by Sally.Anderson 19 years ago