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Travel Insurance
Best “Cancel For Any Reason” Travel Insurance

Advertiser Disclosure Updated: May 27, 2021, 5:03pm

Best “Cancel For Any Reason” Travel Insurance June 2021

Jason Metz

Editor

Updated: May 27, 2021, 5:03pm

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations.

While travel insurance plans have a list of reasons that can be used to make trip cancellation claims, “cancel for any reason” (CFAR) insurance means you don’t have to have a specific reason listed. You can get reimbursement under CFAR coverage no matter why you’ve changed your mind.

To help you find the best cancel for any reason coverage, we evaluated travel insurance plans based on their CFAR benefits.

Show Summary

Our Guides To Travel Insurance

Compare Travel Insurance Quotes

AIG Travel

Plan(s)

Preferred & Deluxe

Maximum CFAR reimbursement

50% or 75%

Maximum dollar reimbursement

$75,000 or $112,500

Get A Quote

Via Squaremouth's Secure Website

Plan(s)

Preferred & Deluxe

Maximum CFAR reimbursement

50% or 75%

Maximum dollar reimbursement

$75,000 or $112,500

Why We Picked It

AIG Travel’s Preferred and Deluxe plans can provide solid cancel for any reason coverage.

Pros & Cons

Choice of 50% or 75% CFAR reimbursement
Top-notch maximum benefit level of $112,500

CFAR must be purchased within 15 days of your trip deposit. Some competitors allow 21 days

C&F Travel Insured

Plan(s)

Worldwide Trip Protector Plus

Maximum CFAR reimbursement

75%

Maximum dollar reimbursement

$75,000

Get A Quote

Via Squaremouth's Secure Website

Plan(s)

Worldwide Trip Protector Plus

Maximum CFAR reimbursement

75%

Maximum dollar reimbursement

$75,000

Why We Picked It

The plan’s CFAR coverage gives top-notch benefits.

Pros & Cons

You have 21 days to add CFAR after your initial trip deposit
The plan will also cover airline change fees and reward redeposit fees

The plan’s coverage for emergency medical expenses is lower than many competitors at $100,000

TravelSafe

Plan(s)

Classic

Maximum CFAR reimbursement

75%

Maximum dollar reimbursement

$75,000

Get A Quote

Via Squaremouth's Secure Website

Plan(s)

Classic

Maximum CFAR reimbursement

75%

Maximum dollar reimbursement

$75,000

Why We Picked It

The plan’s CFAR is highly competitive with other companies

Pros & Cons

You have 21 days to add CFAR after your initial trip deposit
The plan also offers generous coverage for missed connections at $2,500 after 3 hours

You have 21 days to add CFAR after your initial trip deposit
The plan also offers generous coverage for missed connections at $2,500 after 3 hours

Trawick International

Plan(s)

Safe Travels Voyager

Maximum CFAR reimbursement

75%

Maximum dollar reimbursement

$75,000

Get A Quote

Via Squaremouth's Secure Website

Plan(s)

Safe Travels Voyager

Maximum CFAR reimbursement

75%

Maximum dollar reimbursement

$75,000

Why We Picked It

Trawick’s plan scored highly for its solid CFAR benefits

Pros & Cons

You have 21 days to add CFAR after your initial trip deposit
The plan also has generous trip delay reimbursement at $2,000

With superior benefits across the board, this plan doesn’t have notable shortcomings

USI Affinity Travel Insurance Services

Plan(s)

Travel Insurance Select - Plus & Elite

Maximum CFAR reimbursement

75%

Maximum dollar reimbursement

$75,000

Get A Quote

Via Squaremouth's Secure Website

Plan(s)

Travel Insurance Select - Plus & Elite

Maximum CFAR reimbursement

75%

Maximum dollar reimbursement

$75,000

Why We Picked It

USI Affinity’s plans are among the top-scoring for CFAR coverage

Pros & Cons

You have 21 days to add CFAR after your initial trip deposit
Both plans also provide coverage for sports equipment delays
Both plans include a concierge and a baggage service that tracks and expedites lost luggage

The maximum trip duration for coverage is lower than many other plans at 30 days but still more than sufficient for many trips

How Does “Cancel for Any Reason” Coverage Work?

To get “cancel for any reason” coverage you’ll have to purchase a base travel insurance plan and add “cancel for any reason” coverage within 14 to 21 days of your first trip payment. The deadline for adding CFAR will depend on the travel insurance company, and not all companies offer it.

If you have CFAR coverage, you can cancel your trip for any reason that’s not already a reason covered by your policy. You will be reimbursed between 50% and 75% prepaid, forfeited and nonrefundable trip costs. The percentage varies by company and will be listed in the policy.

Here’s something to keep in mind: You might have to cancel your trip within two days of your departure to use CFAR coverage. For example, if you’re leaving tomorrow and you want to cancel your trip today, you may not be able to use CFAR coverage.

Make sure to read the policy’s fine print and know the deadline canceling the trip if you want to make a CFAR claim.

How Much Does “Cancel for Any Reason” Coverage Cost?

“Cancel for any reason” coverage typically adds 40% to the cost of your base travel insurance price.

Keep in mind, travel insurance typically costs between 5% to 10% of your total trip cost. For example, if you paid $5,000 for your trip and your base policy was $500 (10% of trip cost), you might pay an additional $200 for CFAR coverage.

Summary: “Cancel for Any Reason” (CFAR) Coverage

column 1	column 2
What does it give me?	The ability to cancel the trip for any reason, even if it’s not listed in your policy.
How much do I get back?	Only a portion of what you lose to prepaid and nonrefundable deposits, usually 50% or 75%.
Can I buy it any time?	No, you generally need to buy CFAR coverage within two to three weeks after your first trip deposit by adding it to a base travel insurance policy.
Can I cancel my trip any time and use CFAR coverage?	No, you may have to cancel at least two days before departure in order to claim CFAR reimbursement. Once you’re within two days (48 hours) of leaving, CFAR coverage may be void.
How much does “cancel for any reason” coverage cost?	Expect CFAR to add 40% to your travel insurance cost.

Can I Use “Cancel for Any Reason” Coverage to Cancel My Trip Due to the COVID-19 Pandemic?

If you want to cancel your trip due to the coronavirus, you can use CFAR coverage. Keep in mind, you’ll need to cancel your trip by the policy’s deadline for a claim (typically two days before your departure date).

What If I Don’t Have “Cancel for Any Reason” Coverage But I Want to Cancel My Trip Due to the Pandemic?

Some policies will cover COVID-19 for trip cancellation and medical expenses. For example, if you’re diagnosed with COVID-19 right before your trip, these plans will cover the money you lose under the regular trip cancellation benefits.

See our ratings of the best pandemic travel insurance to see who sells these plans.

Methodology

Forbes Advisor evaluated 24 travel insurance plans that offer “cancel for any reason” coverage. Among those, we used each company’s highest-scoring plan(s) to rate each company. Scores were based on:

CFAR purchase deadline (30% of score): Companies earned more points for having more time allowed to add CFAR coverage after a trip deposit.

CFAR maximum reimbursement % (20% of score): Companies earned more points for having a higher reimbursement percentage of the trip cost.

CFAR maximum dollar reimbursement (50% of score): Companies earned more points for having a higher dollar maximum for CFAR reimbursement. This is especially useful for travelers booking expensive trips. The CFAR dollar reimbursement is generally a function of the plan’s maximum trip cancellation reimbursement. For example, a plan that will insure a trip worth $150,000 can reimbursement more for CFAR than a plan with a trip maximum of $50,000, assuming they offer the same CFAR reimbursement percentage.

Cancel for Any Reason (CFAR) FAQ

How do I find the best travel insurance plan?

Identify the coverage types you want for your particular trip and then look for a policy that matches those needs, with ample coverage limits. For example, having a high amount of coverage for medical expenses may be important to you for a trip abroad.

See our ratings of the best travel insurance companies.

Is fear of traveling covered by travel insurance?

Travel insurance policies don’t cover fear of travel. But with CFAR coverage it doesn’t matter what your reason is—you can get partial reimbursement of your nonrefundable trip costs.

What if I don’t have CFAR but I want to cancel my trip?

If your reason for canceling is listed in the policy, you can make a claim for trip cancellation. Common acceptable reasons include a natural disaster or terrorist attack at your destination, suffering an injury before the trip, or needing to attend the birth of a family member’s child.

Next Up In Travel Insurance

Forbes Advisor adheres to strict editorial integrity standards. To the best of our knowledge, all content is accurate as of the date posted, though offers contained herein may no longer be available. The opinions expressed are the author’s alone and have not been provided, approved, or otherwise endorsed by our partners.

Jason Metz

Editor

Jason Metz is a writer who has worked in the insurance industry since 2007. As a former claims handler and fraud investigator, he’s seen a lot, and enjoys helping others navigate the complexities and opaqueness of insurance. He has a B.S. in Criminal Justice from Kutztown University and an M.F.A. in Creative Writing from the University of California Riverside, Palm Desert.

First Published: May 27, 2021, 4:50pm

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