If you cancel your trip for any reason not otherwise covered by this plan, RoundTrip will pay 75% of your prepaid, forfeited, non-refundable trip payments if: 1) We receive your RoundTrip plan payment within 20 days of your initial trip deposit 2) You insure all prepaid trip costs, subject to cancellation penalties 3) You cancel your trip 2 days or more before your departure date Click to Generate a Quote. Select products and services listed on this site may not be available to citizens or residents of certain countries. For cancel for any reason plans, insuring the full trip cost is required. USA & Canada: (877) 758-4881 Worldwide: +1 (617) 500-6738 Contact Us. If you have purchased an expensive trip far in advance of your travel date, a Cancel For Any Reason (CFAR) Trip Insurance plan might be a good option. In a rapidly changing world, maintaining control over what you can cancel in terms of your travel arrangements can make a big difference. Some credit cards offer travel insurance as a benefit of having the card. Seven Corners will refund travelers who have canceled or delayed their trips for all of the reasons stated. The cost of insurance may be high relative to what your trip is worth. Of course, the exact conditions vary based on the insurance plan that you purchase. If any travelers reside at a different address, a separate policy must be purchased. Remember that CFAR will only cover 50-75% of your insured trip costs, depending on the plan. 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. In a search on Squaremouth, eight policies appeared for a simple travel insurance request for a one-week trip to Mexico departing Mar. CFAR policies are designed to fill in coverage gaps in regular travel insurance policies and can be a great way to hedge against the many scenarios that can go wrong leading up to your trip departure date. CFAR insurance is an add-on to a travel insurance policy. Safe and secure checkout with instant confirmation of coverage. While these policies can sometimes be comprehensive and beneficial to travelers, it should be noted that travel insurance connected to credit cards do not include Cancel for Any Reason coverage. Cancel for Any Reason travel insurance is more expensive than regular travel insurance policies because it takes on more risk and offers more coverage and flexibility to the insured given that a trip can be cancelled for any reason at all. This site provides consolidated and summary descriptions of insurance plans, benefits, conditions, limitations, and exclusions. Cancel for any reason coverage will likely add about 50% to your total travel insurance bill. Travelers who opt for CFAR will need to insure 100% of their pre-paid and non-refundable trip costs and buy it within a set amount of days from their initial trip payment (usually 21 days or less) in order to be eligible for this optional upgrade. Fear of travel is not a covered reason provided by travel insurance. Now 22% of travel insurance policies purchased include cancel for any reason coverage—up 552% from last year—even though it generally adds 40% to the insurance cost. 1 All travelers listed on a policy must reside at the same address. As the name implies, CFAR allows travelers to cancel for any reason at all. Read the fine print. 8. Over the years, Seven Corners has seen a variety of situations that lead people to choose Cancel for Any Reason. It is important to note that the CFAR benefit must generally be used at least 48 hours or more prior to your scheduled departure date. 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