• Travel Insurance Blog

  • Monday, September 25, 2017

  • Trip cancellation – Cancel for any reason

    Filed Under: Blogging
Traditional travel insurance policies reimburse for trip cancellation only if your trip gets cancelled or interrupted during the travel due to injury or illness. You may be reimbursed even if you cancel due to sickness just before departure.

However, if a pandemic breaks in your destination country or you are not sure about good weather and you decide to cancel your trip due to some imagined worries or uncertainties, you would not be reimbursed for your losses.

"Cancel for any reason" benefit in trip cancellation insurance covers you for any cancellation reason and typically offers 75% reimbursement of your expenses that you have paid in advance while planning the travel. Generally, you may have to cancel about 2 days prior to your departure to reap best benefits.

The price that you pay for this additional benefit is an additional amount of about 50% of your travel insurance plan. The premium is quite high if you avail this benefit but it is value for money if the planned trip is of very high value and the losses would be huge in case the travel gets cancelled.

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