Some travel insurance plans offer both trip cancellation coverage and cancel for any reason coverage.
Trip cancellation requires that a trip be canceled for a covered reason. Each plan has a list of covered reasons, but they tend to be events that are unforeseen and uncontrollable. The most common covered reason that is claimed is a sickness, injury or death of a traveler, family member or traveling companion. Trip cancellation can reimburse up to 100% of the trip cost, even if the trip is canceled at the last minute.
Cancel for any reason does not require that a reason be provided when canceling a trip. In most cases, cancel for any reason is a selectable option that will increase the cost of the premium and is only available for a short amount of time from the initial trip deposit date. Also, this coverage will not reimburse 100% of the trip cost, rather between 50%-90%, depending on the plan. Lastly, in order to have a claim for 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.