Many people are under the impression that they need Cancel For Any Reason coverage in case they get sick or an elderly relative becomes ill or passes. This is actually a good example of when you do not need Cancel For Any Reason coverage because this is covered with trip cancellation/trip interruption base policies. Here are some covered reasons found in a typical trip cancellation and interruption policy:
Injury or illness of insured, travel companion, family member or business partner
Death involving you or your traveling companion or you or your traveling companion’s business partner or family member
Bankruptcy or financial default of the travel supplier
Terrorism in a city on your travel itinerary 30 days or less from departure
Your home or business vandalized or burglarized 10 days or less from departure
Documented theft of passports or visas
A traffic accident en route to your departure airport
Involuntary employer termination or layoff
When do you need Cancel For Any Reason coverage? Only when the reason for the cancellation is not covered in the base policy. Some examples we have heard recently are:
We traveling to East Africa next June. What if the Ebola outbreak spreads?
My pets are getting up there in age, if one were to get sick or pass I think I would cancel my trip.
My family and I are traveling to Israel in February. What about trip cancellation coverage if tensions flare up again?
Our Policy Picker returns the base plan rates that cover illnesses.
If you client does need a Cancel For Any Reason quote, we recommend the Worldwide Trip Protector Plus plan, which includes Cancel For Any Reason if purchased within 21 days of initial trip payment or deposit, and full prepaid trip costs are insured.