Some travel insurance plans offer cancel for any reason coverage. This benefit is different than trip cancellation, which requires that the trip be canceled for a covered reason listed in the policy.
Cancel for any reason literally means that the trip can be canceled without providing a reason. However, the traveler will not be reimbursed 100% of the trip cost, like trip cancellation, rather a lesser percentage would be reimbursed, normally 50% – 90% depending on the plan.
This benefit is normally only available for a short amount of time from the initial deposit date. In most cases within 14 days of deposit, but it can be anywhere from 24 hours – 30 days.
Usually, cancel for any reason is a selectable option which will raise the cost of the premium by about 40% .
In order to have a payable claim with cancel for any reason, the trip must be canceled at least 48 hours prior to departure.
Always refer to the certificate of insurance for details.