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Cancel for Any Reason Travel Insurance: The 5 Best Options for 2022

These cancel for any reason policies give you the chance to cancel for any reason at all – even if you just decide not to go.



There are many advantages to purchasing travel insurance before a significant trip, but the most important is safeguarding your investment against the unexpected. If your trip is canceled or interrupted for a covered reason, or if your luggage is delayed or lost by your airline, a policy from one of the best travel insurance companies can help cover the costs. If you get sick or hurt while away from home, having medical and dental emergency coverage on your travel insurance policy can help you get the treatment you need.

Most travel insurance policies also include a variety of optional coverages, as well as built-in protections. One such supplement is known as “cancel for any reason” (CFAR) insurance. It is possible to get a refund on your prepaid travel costs if you need to cancel your trip for any reason (typically between 50 and 75 percent).

However, not all businesses provide this insurance, and CFAR protection terms and conditions vary greatly among different companies. Keep reading to find out which companies provide the best CFAR coverage for travel insurance and which policy details are most important. For more information about CFAR travel insurance, please visit our Frequently Asked Questions page.

Best 5 Ways to Get Out of a Contract Without Penalty Coverage for 2020 and 2021 Vacations

The Level of Compensation Granted Under the CFAR CFAR Submitting an Order Before the Cutoff Date A.M. Best Company Recommends the Following Plan Types Due to Their Relative Financial Strength. Best Insurance Policies from Travelex Up to 50% In the first 15 days after making a deposit Plan de viajes Travelex Selección Excellent, Seven Angles Up to 75% Deposits will be available for use within 20 days. Coverage for One-Way Trips Backed by IMG Travel Insurance Up to 75% 20 days or less after the initial deposit A- AXA Assistance USA iTravelInsured Travel LX Up to 75% In the first 14 days after making a deposit Plan Platinum from AXA A+ Squaremouth Plan dependent Depends on the package you choose Various types of coverage Determined by the specific business


Insurance Policies from Travelex


The deadline for trip cancellation is 48 hours prior to departure.

The majority of trip itineraries account for COVID-19 concerns.

Negatives: It will only cover up to half of your pre-paid travel costs.


There are only a few policies that provide CFAR protection.

There is an additional cost, but Travelex is a highly regarded travel insurance provider, so they allow you to add CFAR coverage to their Travel Select Plan. Children under the age of eighteen are automatically included in the plan’s coverage of up to $50,000 for medical emergencies. Coverage under this plan extends beyond cancellation and interruption to include protection for delays, missed connections, baggage, and more.

Customers must purchase CFAR protection through Travelex within 15 days of making the initial trip deposit. Thereafter, up until the time of departure, they are free to cancel their trip for any reason. When they cancel their trip, they can get half of their money back for things like airfare and hotels.

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The advantages of Seven Corners include: reimbursement of up to 75% of prepaid travel costs


Available for purchase up to 20 days after initial trip deposit

Con: Not all plans provide CFAR coverage.

If you’re looking for a reliable travel insurance provider that will let you cancel for any reason, Seven Corners is a great option. The Round-Trip Travel Protection plans offered by this company include nearly all common types of travel insurance coverage, and CFAR coverage is available as an optional add-on. In the case of Round-Trip Travel Protection, you get things like COVID-19 travel protection, insurance against trip cancellation or interruption, protection against travel delays, and several types of baggage insurance. When traveling internationally, having access to emergency medical and dental care as well as up to $250,000 in coverage for medical evacuation and repatriation of remains is essential.

Seven Corners gives you 20 days from the time of your initial trip deposit to purchase CFAR coverage. Customers who cancel their trips at least two days before departure are eligible to receive a refund of up to 75% of their prepaid travel costs.

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Travel Insurance from IMG Pros:

Available as an optional rider for the iTravelInsured Travel LX plan, CFAR coverage

Get a refund of up to 75% of your prepaid travel costs.

Available for purchase up to 20 days after the initial trip deposit

Negatives: CFAR coverage is voided in the event that the travel provider goes out of business or refuses to provide services.


IMG’s iTravelInsured Travel LX plan includes optional CFAR coverage. There are many different types of coverage included in this comprehensive travel insurance policy.

Optional CFAR coverage can reimburse customers for up to 75% of their pre-paid travel costs. This protection, however, can only be purchased within 20 days of the initial trip deposit, and it requires that the trip be canceled at least two days prior to departure.

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AXA Help in the USA



If you need to cancel your trip for any reason, you can get a refund of up to 75% of your costs.

Promise to refund your money if you’re not satisfied within 10 days.

Negatives: Not all policies provide CFAR coverage

Insurance for cancellation, delay, or interruption of trip must be purchased within 14 days of the initial trip deposit.

In the event that you need to cancel your AXA Platinum plan, you are covered if you do so for any reason thanks to AXA Assistance USA. Coverage for things like trip cancellation and interruption, delays in travel, missed connections, medical emergencies, and evacuations for both medical and nonmedical reasons are built right into this plan. Baggage and personal effects coverage is included as well.


Within 14 days of making the initial trip deposit, consumers can purchase additional coverage for rental cars in addition to CFAR coverage. If a trip needs to be canceled for a reason not covered within the trip cancellation and interruption benefit of this plan, this coverage can reimburse up to 75% of prepaid travel expenses.

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Check out the options for CFAR protection all in one convenient location.


Shopping is simplified with the help of the comparison table.

Con: Each business has its own rules and reimbursement policies for CFAR coverage.

Squaremouth is a site that allows you to compare various travel insurance policies side by side. This allows you to quickly and easily compare the rates and policies of multiple travel insurance providers in order to find the most cost-effective option.

The main drawback of using a comparison tool is that you will still need to read through multiple policies and evaluate each plan’s CFAR coverage options independently. When doing so, be sure to inquire about the cancellation fee and the amount you will be reimbursed if you must cancel your trip. Keep in mind how much time you have to cancel your trip and how long you have to buy the insurance after making your initial trip deposit.

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Allows Cancellation for Any Reason Questions & Answers

What is the procedure for using a policy that allows for a trip cancellation for any reason?

Plane tickets can be canceled for any reason, and many travel insurance policies include this coverage as an add-on. This means that you will not buy CFAR coverage separately, but rather incorporate it into a more conventional form of travel insurance.

The option to terminate for any reason is a limited-time perk. You can typically cancel your trip up to two days before departure with most CFAR plans, and you should buy one within 14–20 days of making your initial trip deposit. Thereafter, customers who need to cancel their trip for any reason will receive a reimbursement of anywhere between fifty percent and seventy-five percent of their prepayments.

Cancel for any reason protection is typically offered on a per-person basis, meaning it applies to every individual listed on a travel insurance policy. While you will be reimbursed for a portion of your trip expenses, you will not receive a refund for the CFAR coverage premium.


It’s important to familiarize yourself with the specifics of any CFAR plan you’re considering before committing to it for your upcoming trip. Doing so can help you determine if there are any other rules that apply to your policy, such as rules regarding preexisting conditions, trip penalties, and more.

The cost of a policy that allows for early termination for any reason.

The cost of CFAR coverage will depend on the travel insurance company you choose to go with, the full cost of your trip arrangements, how many family members and non-family members you choose to insure and other factors.

It has been reported by Squaremouth that the cost of travel insurance policies can rise by as much as 50% when CFAR coverage is added. An additional $80 to $300 for CFAR coverage could be added to a $200 travel insurance policy.

Is it possible for me to get a refund if I decide to cancel my trip at the last minute


CFAR coverage lets you cancel your trip and get partial reimbursement for any reason at all, even if you just decide to stay home.

Can I use cancel for any reason coverage to cancel my trip due to COVID-19?

You can buy travel insurance that protects you against COVID-19 if you’re worried it might disrupt your plans. However, cancel for any reason protection can be worthwhile if you want the flexibility to cancel due to a sudden aversion to travel because of an outbreak of the coronavirus.

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United States News & World Report, 2022. Copyright.