Travel Insurance FAQ

I am interested in travel insurance policies that cover cancellation for any reason, for example if I couldn’t get off work. Does this exist?

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Trip cancellation coverages are “named peril” policies, meaning they will only cover you for a specific covered reason named in the policy. However, several travel insurance policies now include a “cancel for any reason” benefit. The benefit is usually reduced to 75% – 90% of your trip costs (depends on company and product) and certain conditions must be met including: purchasing the insurance policy within 14 days of your initial trip deposit, ensuring your full trip costs and cancelling 2 days or more prior to departure.