How much does it cost to add "cancel for any reason" to a travel insurance policy?

Published by January 30, 2009

More insurance carriers have been adding a “cancel for any reason” to their travel  insurance plans.  Typically the cost is a 40% – 50% upcharge in the premium for this benefit.  This benefit pays a reduced rate for cancellation (50% – 90%) and conditions apply such as insuring the full trip cost, purchasing within 14 – 21 days of the first payment and cancelling 2 days or more prior to your scheduled departure date.  A few deluxe policies have this benefit already included such as TravelSafe Premier and USI Travel Select Elite.