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Top-up Cancellation for Travel Insurance

Protect your high-value holidays with substantial top-up cancellation cover.

Planning a holiday that your Travel Insurance doesn’t fully cover? Top-Up Cancellation Travel Insurance allows you to buy up to £50,000 extra cover per person so that your holiday costs can be fully covered. 

And it doesn’t matter if you already have a primary Travel Insurance policy, as this  standalone top-up cancellation cover offers additional cancellation cover to that covered under your main policy.

What is Top-Up Cancellation Travel Insurance?

Top-Up Cancellation Travel Insurance is a separate policy that you can take out if the price of your holiday exceeds the amount covered on your main Travel Insurance policy.

That means you can claim the full amount back, depending on the cost of your trip and reason for cancelling.

This type of cover extends the cancellation limits of your primary Travel Insurance policy, ensuring your high-value trips are protected if you need to cancel for an unforeseen circumstance.

Most Travel Insurance policies cover between £1k and £10k per person, whereas at Just Travel Cover we can cover up to £12,500 per person as standard, and our add-on cover can cover up to the value of £50,000 per person.

How Does it Work?

This cover can be added to your existing Travel Insurance policy, whether that is with Just Travel Cover or another provider. It’s useful for travellers who have insurance in place (for example with the bank), but where that policy only covers up to £10,000, for example. If your holiday has cost £30,000, Top Up Cancellation Cover can help.

Why Cancellation Cover is Essential

Sometimes, plans don’t go according to plan and holidays need to be cancelled. For example, if you experience an unexpected situation such as sudden illness, injury, bereavement, or job loss, then you may need to use your Travel Insurance cancellation cover to claim back any monies paid.

It’s important to ensure that your policy covers the full cost of your holiday, which is why you may need to top up the cancellation element.

Our top-up cancellation policy means you can pay off the holiday with peace of mind that you have that safety net in place, should you need to cancel for an insured reason.

While we can’t prevent the unexpected, having substantial top-up cancellation cover ensures that you are financially safeguarded against the unpredictable, allowing you to plan your travels with confidence and peace of mind.

High Protection for Premium Holidays

Our Top-Up Cancellation Travel Insurance provides an extra layer of financial protection for high-cost holidays. Each policy is different, but we can provide cover up to £12,500 per person in cancellation cover as standard, which can then be topped up to £50,000pp – ensuring your high-value trips are fully protected.

Whether you’re embarking on a luxurious cruise or a once-in-a-lifetime destination holiday, we help ensure your trip is fully covered, beyond the limits of your existing Travel Insurance.

Why Choose Just Travel Cover

• Enhanced Cover Limits: We offer up to £50,000 per person in top-up cancellation cover for those up to age 74, and up to £10,000 per person for those aged 75-85.
• Flexible Policy Options: Our top-up cover can be added to any existing policy, provided there is a minimum of £1,000 cancellation cover already in place.
• Standalone Product: Even if you have insurance with your bank or another provider, our product works independently to cover any additional costs.
• High Policy Limits: We cover up to £50,000 per person additional cover, providing peace of mind for your high-value holidays.
• Simple Process: Easy to add to your current policy by contacting our call centre.
• Increasing Cover Limits: While top-up cancellation cover will not cover exclusions to the main policy or risks not covered by the primary policy, it increases the limits of the main travel policy, ensuring you have more financial protection within the scope of the primary policy’s cover.
• Customised Protection: You can tailor the top-up cover to your specific needs. You may choose to increase cover for particular aspects of the trip, such as non-refundable expenses or higher-value items, as long as these are covered by the primary policy.
• Financial Protection: The top-up cancellation cover provides peace of mind by offering additional financial protection against unexpected events that might force the cancellation or curtailment of a holiday.

Whether your current Travel Insurance policy doesn’t offer sufficient cover for cancellations or you simply want extra peace of mind, Just Travel Cover has you protected.

Top-up Cancellation for Travel Insurance FAQs

Frequently asked questions about top-up cancellation cover for your Travel Insurance .

How does top-up cancellation insurance work?

Can i add top-up cancellation cover to any existing travel insurance policy, do i need to declare pre-existing medical conditions when securing top-up cancellation cover, what if i have a travel insurance policy with just travel cover and wasn’t offered top-up cancellation.

If you already have a Travel Insurance policy with Just Travel Cover and were not offered Top-Up Cancellation cover, it may be because this product can only be offered over the phone. You can still add our top-up cancellation product to your existing policy. Contact our call centre at 0800 294 2969 to discuss your options and ensure your high-value trip is fully protected.

Can I add top-up cancellation cover to Cruise Travel Insurance?

Yes, you can add top-up cancellation cover to your Cruise Travel Insurance. Top-Up Cancellation Travel Insurance is specifically designed to extend the cancellation cover limits of your primary Travel Insurance policy, making it particularly beneficial for high-value trips like cruises, which often have higher upfront costs and stricter cancellation policies. This additional cover ensures that if you need to cancel your cruise, you are protected beyond the limits of your primary Cruise Travel Insurance, covering additional expenses and non-refundable costs.

For example, if your primary Cruise Travel Insurance policy covers up to £5,000 in cancellation costs and you book a cruise worth £30,000, a top-up policy can add up to £50,000 per person, ensuring that your entire investment is protected​.

To add top-up cancellation cover to your Cruise Travel Insurance, simply contact our call centre at 0800 294 2969, and our team will assist you in enhancing your existing policy to ensure full protection for your high-value cruise

Top Up My Cover Cancellation is arranged and administered by P J Hayman & Company Limited who are authorised and regulated by the Financial Conduct Authority (Financial Services Register number 497103). Registered office: Stansted House, Rowlands Castle, Hampshire PO9 6DX. Reg no. 2534965. For queries on underwriters please see the Policy Wording.

 Terms, conditions and exclusions apply. Please call us for details.

We Compare Prices From These Insurers

Compare Travel Insurance with medical conditions easily with us. We diligently compare various options, helping you find the best Travel Insurance with medical conditions tailored to your needs. Click here to download the Policy Wording and Insurance Product Information document for all insurers. In the event you are unable to find a suitable product from our panel of multiple providers, you can find contact details of some additional Insurers who specialise in travel insurance for people with serious medical conditions here , or call 0800 294 2969 for more information.

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11 Best Travel Insurance Companies in August 2024

Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money .

If the past few years have shown us anything, it’s that travelers need to be prepared for the unexpected — from a pandemic to flight troubles to the crowded airport terminals so many of us have encountered.

If you don't have sufficient travel insurance coverage via your credit card , you can supplement your policies with third-party plans.

Whether you’re looking for an international travel insurance plan, emergency medical care or a policy that includes extreme sports, these are the best travel insurance providers to get you covered.

How we found the best travel insurance

We looked at quotes from various companies for a 10-day trip to Mexico in September 2024. The traveler was a 55-year-old woman from Florida who spent $3,000 total on the trip, including airfare.

On average, the price of each company’s most basic coverage plan was $126.53. The costs displayed below do not include optional add-ons, such as Cancel For Any Reason coverage or pre-existing medical condition coverage.

Read our full analysis about the average cost of travel insurance so you can budget better for your next trip.

However, depending on the plan, you may be able to customize at an added cost.

As we continue to evaluate more travel insurance companies and receive fresh market data, this collection of best travel insurance companies is likely to change. See our full methodology for more details.

Best insurance companies

Types of travel insurance

What does travel insurance cover, what’s not covered, how much does it cost, do i need travel insurance, how to choose the best travel insurance policy, what are the top travel destinations in 2024, more resources for travel insurance shoppers.

Top credit cards with travel insurance

Methodology

Best travel insurance overall: berkshire hathaway travel protection.

Berkshire Hathaway Travel Protection

• ExactCare Value (basic) plan is among the least expensive we surveyed.
• Speciality plans available for road trips, luxury travel, adventure activities, flights and cruises.
• Company may reimburse claimants faster than average, including possible same-day compensation.
• Multiple "Trip Delay" coverage types might make claims confusing.
• Cheapest plan only includes fixed amounts for its coverage.

Under the direction of chair and CEO Warren Buffett, Berkshire Hathaway Travel Protection has been around since 2014. Its plans provide numerous opportunities for travelers to customize coverage to their needs.

At $135 for our sample trip, the ExactCare Value (basic) plan from Berkshire Hathaway Travel Protection offers protection roughly $10 above the average price.

Want something cheaper? Air travelers looking for inexpensive, less comprehensive protections might opt for a basic AirCare plan that includes fixed amounts for its coverage .

Read our full review of Berkshire Hathaway .

What else makes Berkshire Hathaway Travel Protection great:

Pre-existing medical condition exclusion waivers available at nearly all plan levels. 

Plans available for travelers going on a cruise, participating in extreme sports or taking a luxury trip.

ExactCare Value (basic) plan was among the least expensive we surveyed.

Best for emergency medical coverage: Allianz Global Assistance

Annual or single-trip policies are available.

• Multiple types of insurance available.
• All plans include access to a 24/7 assistance hotline.
• More expensive than average.
• CFAR upgrades are not available.
• Rental car protection is only available by adding the One Trip Rental Car protector to your plan or by purchasing a standalone rental car plan.

Allianz Global Assistance is a reputable travel insurance company offering plans for over 25 years. Customers can choose from a variety of single and annual policies to fit their needs. On top of comprehensive coverage, some travelers might opt for the more affordable OneTrip Cancellation Plus, which is geared toward domestic travelers looking for trip protections but don’t need post-departure benefits like emergency medical or baggage lost.

For our test trip, Allianz Global Assistance’s basic coverage cost $149, about $22 above average.

What else makes Allianz Global Assistance great:

Annual and single-trip plans.

Plans are available for international and domestic trips.

Stand-alone and add-on rental car damage product available.

Read our full review of Allianz Global Assistance .

Best for travelers with pre-existing medical conditions: Travel Guard by AIG

Travel Guard by AIG

• Offers last-minute coverage.
• Pre-Existing Medical Conditions Exclusion Waiver available at all plan levels.
• Plan available for business travelers.
• Cancel For Any reason coverage only available for higher-level plans, and only reimburses up to 50% of the trip cost.
• Trip interruption coverage doesn't apply to trips paid for with points and miles.

Travel Guard by AIG offers a variety of plans and coverages to fit travelers’ needs. On top of more standard trip protections like trip cancellation, interruption, baggage and medical coverage, the Cancel For Any Reason upgrade is available on certain Travel Guard plans, which allows you to cancel a trip for any reason and get 50% of your nonrefundable deposit back as long as the trip is canceled at least two days before the scheduled departure date.

At $107 for our sample trip, the Essential plan was below average, saving roughly $20.

What else makes Travel Guard by AIG great:

Three comprehensive plans and a Pack N' Go plan for last-minute travelers who don't need cancellation benefits.

Flight protection, car rental, and medical evacuation coverage, as well as annual plans available.

Pre-existing medical conditions exclusion waiver available on all plan levels, as long as it's purchased within 15 days.

Read our full review of Travel Guard by AIG .

Best for those who pack expensive equipment: Travel Insured International

Travel Insured International

• Higher-level plan include optional add-ons for event tickets and for electronic equipment
• Rental car protection add-on for just $8 per day, even on lower-level plan.
• Many of the customizations are only available on the higher-tier plan.
• Coverage cost comes in above average in our latest analysis.

Travel Insured International offers several customization options. For instance, those going to see a show may want to add on event ticket registration fee protection. Traveling with expensive gear?Consider adding on coverage for electronic equipment for up to $2,000 in coverage.

Be sure to check which policies are available in your state. You will need to input your destination, residence, trip dates and the number of travelers to get a quote and see coverages.

What else makes Travel Insured International great:

Comprehensive plans include medical expense reimbursement accidents, sickness, evacuation and pre-existing conditions, depending on the plan.

Flight plans include coverage for missed and canceled flights and lost or stolen baggage.

Read our full review of Travel Insured International .

Best for adventurous travelers: World Nomads

World Nomads

• Travelers can extend coverage mid-trip.
• The standard plan covers up to $300,000 in emergency evacuation costs.
• Plans automatically cover 200+ adventurous activities.
• No Cancel For Any Reason upgrades are available.
• No pre-existing medical condition waivers are available.

Many travel insurance plans contain exclusions for adventure sports activities. If you plan to ski, bungee jump, windsurf or parasail, this might be a plan to consider.

Note that the Standard plan ($72 for our sample trip), while the most affordable, provides less coverage than other plans. But it can be a good choice for travelers who are satisfied with trip cancellation and interruption coverage of $2,500 or less, do not need rental car damage protection, find the limits to be sufficient and do not need coverage for certain more adventurous activities.

What else makes World Nomads great:

Comprehensive international travel insurance plans.

Coverage available for adventure activities, such as trekking, mountain biking and scuba diving.

Read our full review of World Nomads .

Best for medical coverage: Travelex Insurance Services

Travelex Insurance Services

• Top-tier plan doesn’t break the bank and provides more customization opportunities.
• Offers a plan specifically for domestic travel.
• Sells a post-departure medical coverage plan.
• Fewer customization opportunities on the Basic plan.
• Though perhaps a plus for domestic travelers, keep in mind the Travel America plan only covers domestic trips.

For starters, basic coverage from Travelex Insurance Services came in at $125, almost exactly average for our sample trip.

Travelex’s plans focus heavily on providing protections that are personalized to your travel style and trip type.

While the company does offer comprehensive plans that include medical benefits, you can also choose between cheaper plans that don’t provide cancellation coverage but do offer protections during your travels.

Read our full review of Travelex Insurance Services .

What else makes Travelex Insurance Services great:

Three comprehensive plans available, two of which cover international trips.

Offers a post-departure plan geared exclusively toward disruptions after you leave home.

Two flight insurance plans available.

Best if you have travel credit card coverage: Seven Corners

Seven Corners

• Annual, medical-only and backpacker plans are available.
• Cancel For Any Reason upgrade is available for the cheapest plan.
• Cheapest plan also features a much less costly Interruption for Any Reason add-on.
• Offers only one annual policy option.

Each Seven Corners plan offers several optional add-ons. Among the more unique is a Trip Interruption for Any Reason, which allows you to interrupt a trip 48 hours after the scheduled departure date (for any reason) and receive a refund of up to 75% of your unused nonrefundable deposits.

» Jump to the best cards with travel insurance

The basic coverage plan for our trip to Mexico costs $124 — right around the average.

What else makes Seven Corners great:

Comprehensive plans for U.S. residents and foreigners, including travelers visiting the U.S.

Cheap add-ons for rental car damage, sporting equipment rental or trip interruption for any reason.

Read our full review of Seven Corners .

Best for long-term travelers: IMG

• Coverage available for adventure travelers.
• Offers direct billing.
• Claim approval can be lengthy.

While some travel insurance companies offer just a handful of plans, with IMG, you’ll really have your pick. Though this requires a bit more research, it allows you to search for coverage that fits your travel needs.

However, travelers will want to be aware that IMG’s iTravelInsured Travel Lite is expensive. Coming in at $149.85, it’s the costliest plan on our list.

Read our full review of IMG .

What else makes IMG great:

More affordable than average.

Many plans to choose from to fit your needs.

Best for travelers with unpredictable work demands: Tin Leg

• In addition Cancel For Any Reason, some plans offer cancel for work reason coverage.
• Adventure sports-specific coverage is available.
• Plans have overlap that can be hard to distinguish.
• Only one plan includes Rental Car Damage coverage available as an add-on.

Tin Leg’s Basic plan came in at $134 for our sample trip, adding about $8 onto the average basic policy cost. Note that you’ll pay a lot more if you shop for the most comprehensive coverage, and there are eight plans to choose from for trips abroad.

The multitude of plans can help you find coverage that fits your needs, but with so many to choose from, deciding can be daunting.

The only real way to figure out your ideal plan is to compare them all, look at the plan details and decide which features and coverage suit you and your travel style best.

Read our full Tin Leg review .

Best for booking travel with points and miles: TravelSafe

• Covers up to $300 redepositing points and miles on eligible canceled award flights.
• Optional add-on protection for business equipment or sports rentals.
• Multi-trip or year-long plans aren’t available.

Selecting your travel insurance plan with TravelSafe is a fairly straightforward process. The company’s website also makes it easy to visualize how optional add-on elements influence the total cost, displaying the final price as soon as you click the coverage.

However, at $136, the Basic plan was among the more expensive for our trip to Mexico.

What else makes TravelSafe great:

Rental car damage coverage add-on is available on both plans.

Cancel For Any Reason coverage available on the TravelSafe Classic plan.

Read our full TravelSafe review .

Best for group travel insurance: HTH Insurance

HTH Travel Insurance

• Covers travelers up to 95 years old.
• Includes direct pay option so members can avoid having to pay up front for services.
• A 24-hour delay is required for baggage delay coverage on the TripProtector Economy plan.
• No waivers for pre-existing conditions on the lower-level plan.

HTH offers single-trip and multitrip medical insurance coverage as well as trip protection plans.

At around $125, the Trip Protector Economy policy is at the average mark for plans we reviewed.

You can choose to insure group trips for educators, crew, religious missionaries and corporate travelers.

What else makes HTH Insurance great:

Medical-only coverage and trip protection coverage.

Lots of options for group travelers.

Read our full review of HTH Insurance .

As you shop for travel insurance, you’ll find many of the same coverage categories across numerous plans.

Trip cancellation

This covers the prepaid costs you make for your trip in cases when you need to cancel for a covered reason. This coverage helps you recoup upfront costs paid for flights and nonrefundable hotel reservations.

Trip interruption

Trip interruption benefits generally involve disruptions after you depart. It helps reimburse costs incurred for flight delays, cancellations and plenty of other covered disruptions you might encounter during your travels.

This coverage can cover the costs for you to return home or reimburse unexpected expenses like an extra hotel stay, meals and ground transportation.

Trip delay coverage helps cover unexpected costs when your trip is delayed. This is another coverage that helps offset the costs of flight trouble or other travel disruptions.

Note that many policies have a total amount a traveler can claim, with caps on per diem benefits, too.

Cancel For Any Reason

Cancel For Any Reason coverage allows you to recoup some of the upfront costs you paid for a trip even if you’re canceling for a reason not otherwise covered by your standard travel insurance policy.

Typically, adding this protection to your plan costs extra.

Baggage delay

This coverage helps cover the costs of essential items you might need when your luggage is delayed. Think toiletries, clothing and other immediate items you might need if your luggage didn’t make it on your flight.

Many travel insurance plans with baggage delay protection will specify how long (six, 12, 24 hours, etc.) your luggage must be delayed before you can make a claim.

Lost baggage

Used for travelers whose luggage is lost or stolen, this helps recoup the lost value of the items in your bag.

You’ll want to make sure you closely follow the correct procedures for your plan. Many plans include a maximum total amount you can claim under this coverage and a per-item cap.

Travel medical insurance

This covers out-of-pocket medical costs when travelers run into an emergency.

Because many travelers’ health insurance plans don’t cover medical care overseas, travel medical insurance can help offset out-of-pocket health care costs.

In addition to emergency medical coverage, many plans have medical evacuation or repatriation coverage for costs incurred when you must be taken to a hospital or return to your home country because of a medical situation.

Most travel insurance plans cover many trip protections that can help you be prepared for unexpected travel disruptions and expenses.

These coverages are generally aimed at protecting the money you put into your trip, expenses you incur because of travel trouble and costs incurred if you have a medical emergency overseas.

On top of core coverages like trip cancellation and interruption and travel medical coverage, some plans offer add-on options like waivers for pre-existing conditions, rental car collision damage waivers or adventure sports riders. These usually cost extra or must be added within a specified timeframe.

Typical travel insurance policies offer coverage for many unforeseen events, but as you research to select a plan, consider your needs. Though every plan differs, there are some commonly excluded coverages.

For instance, you typically can’t get coverage for a named storm if you bought the coverage after the storm was named. In other words, if you have a trip to the Caribbean booked for Sept. 25 and on Sept. 20 a hurricane develops and is named, you generally won’t be able to buy a travel insurance plan Sept. 21 in hopes of getting your money back.

Many plans also don’t cover activities performed under the influence of drugs or alcohol or any extreme sports. If the latter applies to you, you might want to consider a plan with specific coverages for adventure-seekers.

For numerous plans, a few other situations don’t qualify as an acceptable reason to cancel and make a claim, such as fear of travel, medical tourism or pregnancies (unless you booked a trip and bought insurance before you became pregnant or there are complications with the pregnancy). This is where a Cancel For Any Reason add-on to your coverage can be helpful.

You can also run into trouble if you give up on a trip too soon: a minor (or even multihour) flight delay likely isn’t sufficient to cancel your entire trip and get reimbursed through your plan. Be sure to review what requirements your specific plan has when it comes to canceling a trip, claiming trip interruption, etc.

Travel insurance costs vary widely. The final price of your plan will fluctuate based on your age, length of trip and destination.

It will also depend on how much coverage you need, whether you add on specialized policies (like Cancel For Any Reason or pre-existing conditions coverage), whether you plan to participate in extreme sports and other factors.

In our examples above, for instance, the 35-year-old traveler taking a $2,000 trip to Italy would have spent an average $76 for a basic plan to get coverage for things like trip cancellation and interruption, baggage protection, etc. That’s a little less than 4% of the total trip cost — lower than average.

If there were multiple members in a traveling party or if they were going on, say, a rock-climbing or bungee-jumping excursion, the costs would go up.

On average, travel insurance comes to about 5% to 10% of the trip cost. However, considering many of the plans reimburse up to 100% of the trip cost (or more) for disruptions like trip cancellation or interruption, it can be a worthwhile expense if something goes wrong.

It depends. Consider the following factors that might affect your decision: You’re young and healthy, all your bookings are refundable or cancelable without a penalty, your flights are nonstop, you’re not checking bags and a credit card you carry offers some travel protections . In that case, travel insurance might not be necessary.

On the other hand, if you prepaid a large chunk of money for a nonrefundable African safari, you’re going on a Caribbean cruise in the middle of a hurricane season or you’re going somewhere where the cost of health care is high, it’s not a bad idea to buy a travel insurance plan. Here’s how to find the best travel insurance coverage for you.

If you’re thinking of booking a trip and not planning to buy travel insurance, you may want to consider at least booking refundable airfare and not prepaying for hotel, rental car and activity reservations. That way, if something goes wrong, you can cancel without losing any money.

Selecting the best travel insurance policy comes down to your needs, concerns, preferences and budget.

As you book, take a few minutes to consider what most concerns you. Is it getting stranded because of flight trouble? Having the ability to cancel for any reason you see fit without losing money? Getting sick or injured right before departure and needing to postpone the trip? Injuring yourself or falling ill while overseas?

Ultimately, you want a plan that protects you, your money and the large investment in your trip — but doesn’t cost too much, either.

Medical coverage. If your priority is having adequate medical coverage abroad, you might want to look for plans with high limits for medical emergencies and medical evacuation.

Complex travel itinerary. If your itinerary has lots of flight connections, prepaid hotels and deposits for activities you can’t get back, prioritizing a plan with the best coverage for trip cancellations or interruptions may land at the top of your list.

Travel uncertainty. If you’re on the fence about a trip and have nonrefundable reservations, you may want to select a plan with a Cancel For Any Reason coverage option, which can help you recoup about 50% to 75% of the costs. This helps provide peace of mind, placing the decision on whether to travel entirely in your hands.

Car rentals. If you’re renting a car, a collision damage waiver is often worth looking into.

The following destinations are the top insured destinations in 2024, according to Squaremouth (a NerdWallet partner).

The Bahamas.

Costa Rica.

Antarctica.

In 2022, travelers spent about 25.53% more on trips than they did before the pandemic.

As of December, NerdWallet analysis determined travel prices are 10% higher than pre-pandemic. Each statistic makes a strong case for protecting your travel investment as you plan your next trip.

Bookmark these resources to help you make smart money moves as you shop for travel insurance.

What is travel insurance?

CFAR explained.

Is travel insurance worth getting?

10 credit cards that provide travel insurance.

We used the following factors to choose insurance providers to highlight:

Breadth of coverage: We looked at how many plans each company offered plus the range of their standard plans. 

Depth of coverage: We considered two data points to get a sense of how much each company pays out for common travel issues — the maximum caps for trip cancellation and trip interruption claims.

Cost: By looking at the costs for basic coverage across multiple companies, we determined an average cost for shoppers to benchmark plan prices against.

Customizability: While standard plans can cover a lot of ground, sometimes you need something a little more personal.

Customer satisfaction. Using data from Squaremouth when available, and Google Reviews as a backup, we can give kudos to companies with better track records from their clients.

No, it doesn’t necessarily get more expensive the longer you wait to purchase. However, as you put off buying insurance, you may lose access to potential plans and coverage options.

In general, buying travel insurance within a few days to two weeks of prepaying or making an initial deposit for your trip is your best bet. Assuming you’re not booking last-minute, this will provide you with access to the widest possible range of coverage options. It also helps prevent any medical conditions or storms that pop up between booking and buying a plan from ending up as excluded situations, which won’t be covered by your plan.

But, generally, many plans do allow you to buy coverage quite close to your departure date.

To get the most out of your travel insurance plan, buy it soon after making your initial prepayment or deposit to ensure you have access to the biggest menu of plans possible.

Select a plan that’s comprehensive enough to cover the travel scenarios you’re most concerned about or likely to encounter but not too expensive or laden with protections you’d never likely need.

Whatever your coverage, thoroughly review the plan so you understand what’s covered and what’s not, plus how to adhere to the plan’s rules for making a claim.

Travelers frequently use phrases like “trip insurance” and “travel insurance,” as well as “trip protection,” interchangeably, but they do mean different things, according to Stan Sandberg, founder of insurance comparison site TravelInsurance.com.

Trip insurance, or trip protection, generally refers to predeparture (or preevent) coverage if you need to cancel. You may see these plans sold by airlines, online travel agencies or even ticketed event sellers.

“You could refer to it as the portion that protects the investment in the trip,” Sandberg says.

A travel insurance plan typically includes that — plus more comprehensive benefits to protect you during your trip, from medical coverage to trip delay and lost baggage protections, and many more elements, depending on the plan.

Though travel insurance is typically not required for international trips, your personal circumstances will play a key role in whether it’s a good investment.

For instance, young, healthy travelers with few prepaid trip expenses embarking on a relatively risk-free trip may not see a need to buy a plan.

Older travelers with complicated itineraries who are visiting destinations where they could potentially fall ill or get injured — or who could encounter bad weather or some other disrupting factor along the way — may want to buy coverage.

Consider a few key questions:

How well would your health insurance plan cover you if you needed to visit a hospital overseas?

How much did you prepay for a hotel or rental car?

How much money would you be out if weather or some other flight issue derailed your itinerary?

Could you afford an unexpected night in a city where you have a connecting flight?

Do you already have a credit card that provides some travel protections?

Your answers to these questions can help you decide whether you need travel insurance for your international trip.

In general, buying travel insurance

within a few days to two weeks of prepaying or making an initial deposit

for your trip is your best bet. Assuming you’re not booking last-minute, this will provide you with access to the widest possible range of coverage options. It also helps prevent any medical conditions or storms that pop up between booking and buying a plan from ending up as excluded situations, which won’t be covered by your plan.

How to maximize your rewards

You want a travel credit card that prioritizes what’s important to you. Here are some of the best travel credit cards of 2024 :

Flexibility, point transfers and a large bonus: Chase Sapphire Preferred® Card

No annual fee: Wells Fargo Autograph℠ Card

Flat-rate travel rewards: Capital One Venture Rewards Credit Card

Bonus travel rewards and high-end perks: Chase Sapphire Reserve®

Luxury perks: The Platinum Card® from American Express

Business travelers: Ink Business Preferred® Credit Card

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Insurance benefits underwritten by BCS Insurance Company (OH, Administrative Office: 2 Mid America Plaza, Suite 200, Oakbrook Terrace, IL 60181), rated “A” (Excellent) by A.M. Best Co., under BCS Form No. 52.201 series or 52.401 series, or Jefferson Insurance Company (NY, Administrative Office: 9950 Mayland Drive, Richmond, VA 23233), rated “A+” (Superior) by A.M. Best Co., under Jefferson Form No. 101-C series or 101-P series, depending on your state of residence and plan chosen. A+ (Superior) and A (Excellent) are the 2nd and 3rd highest, respectively, of A.M. Best's 13 Financial Strength Ratings. Plans only available to U.S. residents and may not be available in all jurisdictions. Allianz Global Assistance and Allianz Travel Insurance are marks of AGA Service Company dba Allianz Global Assistance or its affiliates. Allianz Travel Insurance products are distributed by Allianz Global Assistance, the licensed producer and administrator of these plans and an affiliate of Jefferson Insurance Company. The insured shall not receive any special benefit or advantage due to the affiliation between AGA Service Company and Jefferson Insurance Company. Plans include insurance benefits and assistance services. Any Non-Insurance Assistance services purchased are provided through AGA Service Company. Except as expressly provided under your plan, you are responsible for charges you incur from third parties. Contact AGA Service Company at  800-284-8300 or 9950 Mayland Drive, Richmond, VA 23233 or [email protected] .

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Travel insurance

What is trip cancellation travel insurance?

Lizzie Nealon

Kara McGinley

“Verified by an expert” means that this article has been thoroughly reviewed and evaluated for accuracy.

Updated 9:17 a.m. UTC Nov. 13, 2023

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• Trip cancellation insurance covers your prepaid, nonrefundable trip expenses if you’re unable to travel due to certain unforeseen circumstances, such as an illness or the death of a family member.
• Trip cancellation insurance generally won’t cover foreseeable or preventable events, such as a hurricane that was named before you bought coverage. 
• Basic trip cancellation insurance typically costs between 5% and 10% of the total cost of your trip.

The average household spent more than $2,000 a year on travel before the pandemic. As traveling rebounds and you’re ready to plan your next trip, a trip cancellation policy can give you peace of mind. But it’s important to understand what trip cancellation insurance does and does not cover.  

What is trip cancellation insurance?

Trip cancellation insurance is a type of travel insurance designed to reimburse you for prepaid, nonrefundable travel expenses when you cancel your trip because of a reason listed in your policy. 

Trip cancellation insurance is often part of a comprehensive travel insurance plan, but it can also be purchased separately. 

You can typically purchase trip cancellation insurance up to the day before your scheduled departure. It’s best, however, to buy a travel insurance plan as soon as you make your first trip deposit. You won’t be charged extra for buying a plan earlier, and you will be covered for a longer period of time.

What trip cancellation insurance covers

Trip cancellation insurance can reimburse you for 100% of your nonrefundable and prepaid trip costs if you cancel for a covered reason, which may include: 

• Death of your travel companion, business partner or family member (policies differ on who is considered a family member).
• Injury or illness of you or a travel companion (documented by a doctor).
• Complications from pregnancy for you or your travel companion.
• Traffic accident en route to departure.
• Mechanical breakdown or other failure of your transportation.
• Mandated shutdown of an airport or air traffic control system.
• Air traffic control or airport shutdown due to fire or power outage.
• Mandatory evacuation due to an unforeseen natural disaster.
• Severe, sudden weather.
• Your home or your trip lodging is uninhabitable due to a natural disaster, vandalism or burglary.
• Hurricane warning or hurricane watch (you must have purchased the policy before the storm was named).
• Terrorist attack.

What trip cancellation insurance does not cover

While trip cancellation policies differ, most plans will not cover incidents that could be foreseen or planned around. For instance, most trip cancellation policies will not cover cancellations resulting from:

• Alcohol or substance use.
• Committing a felony.
• Dental treatment or elective procedures.
• Harm resulting from dangerous activities such as skydiving or bungee jumping.
• Mental or nervous health disorders.
• Normal pregnancy and childbirth.
• Participation in amateur or professional sporting events.
• Self-harm. 

What is “cancel for any reason” coverage?  

If you want to be able to cancel your trip for any reason, not only those specified in your policy, consider buying “cancel for any reason” (CFAR) coverage. This premium upgrade will add about 50% to the cost of your trip cancellation insurance but will give you greater flexibility with your plans.  

CFAR coverage typically reimburses up to 75% of your nonrefundable trip costs when you cancel a trip. But you have to cancel at least 48 hours before your scheduled departure if you hope to file a successful CFAR claim. 

How much does trip cancellation insurance cost?

A basic travel insurance policy with trip cancellation coverage typically costs between 5% and 10% of the total cost of your trip. That means if you take a $5,000 safari trip to Tanzania, your travel insurance might cost between $250 and $500. 

How much you pay for trip cancellation insurance will depend on the travel insurance company, the plan and level of coverage you choose, the number of travelers in your party and their ages, your trip length and trip expenses. 

How to get trip cancellation insurance

Comprehensive travel insurance policies usually include trip cancellation benefits, but you can also buy a standalone trip cancellation policy. 

To shop for trip cancellation insurance, follow these steps. 

• Check if your credit card has travel insurance. If your credit card provides trip cancellation benefits when you pay for trip expenses with that card, you may opt to skip buying a separate trip insurance policy.
• Compare quotes. Choose a travel insurance company by comparing travel insurance plans and quotes online . 
• Buy the plan you want. You can buy travel insurance online. Be prepared to enter your travel dates and destination, the total value of your trip and information about your travel companions.
• Review your plan . After buying travel insurance, you typically have a free look period of 14 or 15 days. If you read the details of your plan and decide it’s not a good fit, you can cancel and request a refund during that period. 

Credit card rewards and trip cancellation insurance

The following cards provide complimentary travel insurance with trip cancellation benefits when you pay for your travel using the card :

• Capital One Venture X Rewards Credit Card .
• Chase Freedom Flex® * The information for the Chase Freedom Flex® has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer. .
• Chase Sapphire Preferred® Card .
• Chase Sapphire Reserve® .
• Delta SkyMiles® Reserve American Express Card .¹
• Ink Business Preferred® Credit Card * The information for the Ink Business Preferred® Credit Card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer. .
• The Business Platinum Card® from American Express * The information for the The Business Platinum Card® from American Express has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer. .¹
• The Platinum Card® from American Express .¹
• United℠ Explorer Card * The information for the United℠ Explorer Card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer. .
• United Club℠ Infinite Card * The information for the United Club℠ Infinite Card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer.

All information about The Business Platinum Card® from American Express has been collected independently by Blueprint.

Check to see if your credit card offers travel insurance with trip purchases and what coverage it provides. Travel insurance provided by credit cards isn’t usually as comprehensive as a separate policy.

Frequently asked questions (FAQs)

Trip cancellation insurance reimburses you for prepaid, nonrefundable expenses if you need to cancel a trip for a covered reason. Valid reasons for trip cancellation typically include unforeseen events such as a death in the family, sudden weather that leaves your destination uninhabitable or an illness that is documented by a doctor.

Most travel insurance plans bundle together several types of coverage, including trip cancellation insurance. If you have trip cancellation insurance, you can file a claim for any prepaid and nonrefundable expenses associated with a trip when you decide to cancel for a reason listed in your policy. 

When it comes to travel insurance, you’re not limited to cancellation coverage. The best comprehensive travel insurance plans also include coverage for incidents related to epidemics, emergency medical needs, baggage loss and damage, travel delays and trip interruption.

¹Eligibility and Benefit level varies by Card. Terms, Conditions and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by New Hampshire Insurance Company, an AIG Company.

For Capital One products listed on this page, some of the benefits may be provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.

*The information for the Chase Freedom Flex®, Ink Business Preferred® Credit Card, The Business Platinum Card® from American Express, United Club℠ Infinite Card and United℠ Explorer Card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer.

Blueprint is an independent publisher and comparison service, not an investment advisor. The information provided is for educational purposes only and we encourage you to seek personalized advice from qualified professionals regarding specific financial decisions. Past performance is not indicative of future results.

Blueprint has an advertiser disclosure policy . The opinions, analyses, reviews or recommendations expressed in this article are those of the Blueprint editorial staff alone. Blueprint adheres to strict editorial integrity standards. The information is accurate as of the publish date, but always check the provider’s website for the most current information.

Lizzie's commentary has been published in Bankrate, CNBC, the Washington Post, the Washington Examiner, MSN and more.

Kara McGinley is deputy editor of insurance at USA TODAY Blueprint and a licensed home insurance expert. Previously, she was a senior editor at Policygenius, where she specialized in homeowners and renters insurance. Her work and insights have been featured in MSN, Lifehacker, Kiplinger, PropertyCasualty360 and more.

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Best Travel Insurance Policies With Cancel for Any Reason Coverage [2024]

Jessica Merritt

Editor & Content Contributor

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Table of Contents

What is cancel for any reason travel insurance, eligibility and requirements for cfar coverage, what to look for in a cancel for any reason travel insurance policy, the best travel insurance plans with cancel for any reason coverage, covered reasons for trip cancellation, how to add cancel for any reason travel insurance, final thoughts.

We may be compensated when you click on product links, such as credit cards, from one or more of our advertising partners. Terms apply to the offers below. See our  Advertising Policy for more about our partners, how we make money, and our rating methodology. Opinions and recommendations are ours alone.

Unexpected circumstances can disrupt even the best-laid travel plans, which is where Cancel for Any Reason (CFAR) travel insurance comes in. With CFAR travel insurance, you can cancel your trip for almost any reason and receive partial reimbursement for nonrefundable expenses.

While more costly than standard travel insurance or the travel coverage you might have on your credit card, CFAR offers value in peace of mind with a safety net that goes beyond the limits of what standard travel insurance policies offer. Whether you’ve had a change of heart, had unexpected obligations or emergencies pop up, or just want to stay as flexible as possible, CFAR coverage protects your travel investment.

Read this guide to learn what CFAR travel insurance entails, when you can use it, and how to add CFAR travel insurance to your existing travel insurance policy. You can also see some examples of travel insurance plans with CFAR options. 

CFAR travel insurance is a supplemental travel insurance policy that enhances trip cancellation coverage. While a standard travel insurance policy might cover specific trip cancellation reasons such as illness, injury, or death of a family member, CFAR travel insurance allows you to cancel your trip for nearly any reason — and still receive partial reimbursement for your prepaid nonrefundable trip expenses.

Here are a few important things to know about Cancel for Any Reason travel insurance:

• Coverage: CFAR insurance enhances the trip cancellation reasons not covered by standard travel insurance policies. This includes things such as personal reasons, work-related issues, or just changing your mind.
• Flexibility: Using CFAR insurance can give you exceptional flexibility if you’re concerned about plan changes or unforeseen events. You can cancel your trip and be eligible for reimbursement even if the reason doesn’t meet the criteria specified by regular travel insurance.
• Timeframe: You typically need to purchase CFAR insurance within a specified period of making the initial trip deposit, usually within 10 to 21 days, depending on the insurance provider. It’s typically available as an optional comprehensive travel insurance policy add-on.
• Reimbursement: While you’ll get reimbursed for prepaid nonrefundable trip expenses if you cancel, you shouldn’t expect full reimbursement. Depending on the policy, CFAR travel insurance reimbursement typically offers 50% to 75%.
• Policy Conditions: Cancellation reasons are extremely flexible, but you’ll still need to meet policy requirements to avoid denying your claim. For example, you usually need to cancel within an allowable time frame, such as at least 2 days before your trip. You’ll need to read your policy carefully to understand limitations and exclusions.

Cancel for Any Reason travel insurance typically doesn’t cover points and miles reimbursement. However, the nonrefundable fees and taxes you must pay can be covered. You can also be reimbursed for fees associated with redepositing the miles or rebooking fees. But travel insurance, even Cancel for Any Reason travel insurance, generally does not insure the retail value of the ticket or your rewards — only your nonrefundable cash outlay.

Eligibility for CFAR coverage varies depending on the insurance provider and policy terms. But generally, you’ll need to purchase coverage within a certain timeframe, your trip must meet the criteria, and you must cancel within the allowed period, usually providing documentation to support the cancellation.

In addition to the cancellation timeframe, insurance providers may have other requirements that need to be met for CFAR coverage. These requirements can vary, so it’s essential to review the terms and conditions of the policy carefully. Some examples of additional requirements specified by insurers may include:

• CFAR Purchase Timeframe: Depending on the insurer, you can typically only purchase CFAR coverage within a specific period of your initial trip deposit, usually between 10 to 21 days. It’s essential to check the policy details and ensure you meet the deadline for purchasing CFAR coverage.
• Coverage Criteria: Your trip must meet eligibility for CFAR coverage with eligibility factors such as your residency, age, trip duration, and the total trip cost. 
• Cancellation Timeframe: There’s usually a deadline you must cancel your trip by to be eligible for CFAR reimbursement, typically at least 48 hours from your scheduled departure. 
• Documentation: An insurer may require you to provide documentation supporting your trip cancellation, such as medical certificates, official letters, or other evidence related to the reason for cancellation. 

State regulations restrict CFAR travel insurance in New York, requiring that travel insurance policies provide coverage for specific enumerated risks — which usually excludes CFAR coverage. If you live in New York and want CFAR coverage, you may need to work with an out-of-state insurance provider.

Cancel for Any Reason Travel Insurance Costs

Policy costs for CFAR vary depending on the insurance provider, specific policy, trip cost, and age of those being insured. You should expect CFAR coverage to cost about 10% to 50% more than the base travel insurance policy. For example, on a standard travel insurance policy that costs $200, you should expect to pay $20 to $100 more to add CFAR coverage.

Getting quotes for CFAR insurance from multiple insurance providers is a good idea to compare the costs and coverage based on your specific travel details and requirements.

Is Cancel for Any Reason Coverage Standard?

CFAR travel coverage isn’t standard on most travel insurance policies and is usually offered as an add-on to a standard travel insurance policy.

With a standard travel insurance policy, you generally have specific allowed reasons for trip cancellation, such as illness, injury, or the death of a family member. There are typically predefined criteria and limitations for reimbursement. 

CFAR coverage enhances the reasons for cancellation, allowing you to cancel your trip for any reason and still receive partial reimbursement. However, you should expect to pay more for this coverage than standard travel insurance. 

Some credit cards offer travel insurance as a cardholder benefit, especially travel credit cards. But don’t expect CFAR coverage with credit card travel insurance, as it doesn’t come standard, and you usually can’t customize credit card travel insurance coverage.

Consider these factors as you compare the best CFAR policy:

• Availability: CFAR travel insurance isn’t available with all providers. Ensure the policy you’re considering includes a CFAR option, either as a standalone policy or as an add-on to standard travel insurance plans.
• Eligibility Requirements: Some CFAR policies restrict age, trip duration, and preexisting conditions, so be sure you and your trip meet the requirements.
• Percentage of Reimbursement: Review the CFAR policy before you book to confirm how much you’ll be reimbursed if you need to cancel. CFAR policies usually reimburse 50% to 75% of the trip cost.
• Purchase Deadline: You’ll usually need to purchase your CFAR coverage within a certain period of booking your trip, so be sure you’re buying your policy within that timeframe.
• Cancellation Window: Confirm how many days before your trip you need to cancel to be eligible for reimbursement, and be sure you understand the cancellation window the policy specifies. 
• Refund Method: Find out how the insurance company will refund you if you need to cancel your trip. You might get cash or travel credits.
• Exclusions: Read the policy to understand what’s excluded under CFAR coverage, such as reimbursement limitations related to terrorism, natural disasters, or preexisting conditions.
• Policy Cost: You should expect to pay more for CFAR than standard trip cancellation coverage. Always compare policy costs across at least a few providers. 
• Customer Reviews and Reputation: Read customer reviews and ratings to understand what other customers think of the insurance provider and get insight into how claims and customer service work. 

As you compare policy costs, make sure you’re looking at apples-to-apples policies. A policy that offers greater reimbursement might cost more but offer a better value if you need to cancel.

While not all travel insurance providers offer CFAR coverage, several reputable companies do. Here are some of the best travel insurance policies with CFAR coverage:

• Allianz Global Assistance : If you’ve purchased a OneTrip Prime or OneTrip Premier travel insurance policy, you can add Cancel Anytime to your policy as an upgrade. It reimburses up to 80% of your lost nonrefundable trip costs if you cancel your trip for a reason your plan doesn’t already cover. Allianz CFAR is unique as it allows you to cancel as late as your day of departure — as long as you haven’t left yet.
• AXA Assistance USA : When you buy a Platinum Plan travel insurance policy from AXA Assistance USA, you can get an optional benefit of Cancel for Any Reason with up to 75% of your trip cost reimbursed if you need to cancel. You must purchase coverage within 14 days of your initial trip deposit.
• Berkshire Hathaway Travel Protection : You can upgrade a Berkshire Hathaway ExactCare or LuxuryCare plan with a Cancel for Any Reason upgrade. It provides reimbursement for up to 50% of your nonrefundable trip payments if you have to cancel your trip for a reason not listed in the ExactCare description of coverages.
• IMG Global : Cancel for Any Reason coverage is available to IMG Global travel insurance policyholders. On the iTravelInsured Travel LX plan, you can purchase Cancel and Interruption for Any Reason coverage as an optional upgrade, which covers 75% of your nonrefundable insured trip cost.
• Seven Corners : You can add Cancel for Any Reason coverage to most Seven Corners Trip Protection plans. Seven Corners also offers Interruption for Any Reason coverage as an add-on. Both offer up to 75% reimbursement for your nonrefundable trip expenses.
• Tin Leg : Using Tin Leg Gold coverage, you can add Cancel for Any Reason as an upgrade to get partial — 75% — reimbursement for prepaid and nonrefundable trip payments if your trip is canceled for a reason not already covered by your main policy.
• Travelex Insurance Service : As long as you cancel up to 48 hours before your scheduled departure date, you can get up to 75% of your insured trip costs — up to $7,500 — reimbursed with a Travelex Insurance Service Cancel for Any Reason upgrade.
• Travel Insured International : On Travel Insured International Worldwide Trip Protection policies, you can add Cancel for Any Reason coverage for up to 75% reimbursement on qualifying travel expenses. Travel Insured International also offers Interrupt for Any Reason coverage.
• USI Affinity Travel Insurance Services : With Travel Insurance Select plans from USI Affinity Travel Insurance Services, you can add Cancel for Any Reason or interruption for any reason coverage — with up to 75% reimbursement for qualifying expenses.

With CFAR travel insurance, you can cancel your trip and receive reimbursement for nearly any reason, even if standard travel insurance policies do not usually cover it. Your cancellation should be covered no matter your reason for cancellation as long as you meet policy requirements, such as canceling at least 48 hours before your scheduled departure. 

These are some common examples of covered reasons for trip cancellation under CFAR insurance:

• Change of Heart: You can cancel your trip for personal reasons, such as no longer wanting to travel, fear, or choosing a different destination. 
• Work-related Issues: Whether you’ve lost your job, can’t take time off as scheduled, or have another work conflict, you can get reimbursed for trip cancellation using CFAR insurance.
• Family Events: Family obligations such as a wedding, the birth of a child, or a family member’s illness can be covered with CFAR insurance.
• Personal Health Issues: CFAR insurance can cover trip cancellation if you have an unexpected illness or injury that prevents you from traveling — though you’ll need to cancel your trip within the timeframe required by the policy.
• Natural Disasters: Hurricanes, earthquakes, or severe weather conditions that may make your destination unsafe or inaccessible are covered by CFAR insurance.
• Political Unrest: CFAR insurance may cover trip cancellation due to political instability or civil unrest at your destination.

While CFAR travel insurance covers almost any reason you might have to cancel your trip, you should review your policy details carefully to ensure you’re covered. Understand the conditions and limitations, such as cancellation deadlines and reimbursement packages.

Denial of CFAR Coverage

While specific reasons for denial of Cancel for Any Reason coverage may vary depending on the insurance provider and policy terms, here are a few examples of potential reasons for denial:

• Failure To Meet the Purchase Timeframe: If you fail to purchase CFAR coverage within the specified timeframe after making your initial trip deposit, the insurance provider may deny your claim. Make sure to review the policy details and adhere to the deadline for purchasing CFAR coverage.
• Preexisting Medical Conditions: Some insurance policies may exclude coverage for preexisting medical conditions. If you or a covered individual has a preexisting medical condition that leads to trip cancellation, the CFAR coverage may be denied. It’s essential to carefully review the policy terms to understand any exclusions related to preexisting conditions.
• Known Events: You’re typically not covered by CFAR if the reason for the cancellation was a “known event” when you purchased the policy. Known events are ones that are widely publicized and occurred before you bought the CFAR policy. For example, purchasing a policy after a hurricane was predicted to make landfall and then canceling for the storm may not be covered.
• Canceling Too Late: You must cancel your trip within a specific timeframe before your scheduled departure date and will be denied if you cancel after this date.
• Insufficient Documentation: You must provide the specific documentation required to support your claim, such as medical certificates or official letters. Your coverage may be denied without the necessary documentation. 
• Failure To Meet Policy Criteria: Some policies have specific criteria for CFAR coverage, such as residency, age, trip duration, and total trip cost. You may not qualify for a CFAR policy if your trip doesn’t meet the criteria, or your claim may be denied if you get a policy but don’t meet the criteria.

You can often add CFAR travel insurance as an optional add-on to a comprehensive travel insurance policy — if your insurance carrier offers it. If you already have travel insurance for your trip, check with your insurance provider about the availability and cost of CFAR travel insurance. 

If your current travel insurance provider doesn’t offer CFAR coverage or you haven’t purchased travel insurance for your trip yet, you can look for a CFAR policy as standalone coverage. Research CFAR travel insurance providers and compare policies to find a policy that works for you. 

Let’s walk through adding CFAR coverage to a standard Seven Corners travel insurance policy.

First, I entered travel information to get travel insurance options. I was offered Trip Protection Basic or Trip Protection Choice. At the bottom, notice both have the option to add CFAR coverage.

I selected Trip Protection Basic and then went forward to the optional coverage option. I was offered both Cancel for Any Reason and Interruption for Any Reason (IFAR) coverage. IFAR is far lower than CFAR , so it’s not a bad idea to add if you’re worried you might run into issues after your trip starts and can no longer use your CFAR coverage.

I added CFAR to my coverage, and the website explained in further detail the requirements for the plan.

CFAR coverage can offer flexibility and give you peace of mind that you can get money back for a canceled trip, no matter the reason. But CFAR travel insurance is more costly than standard trip cancellation insurance — and usually only reimburses up to 75% of your nonrefundable trip cost. Compare travel insurance policies offering Cancel for Any Reason add-ons that meet your needs for travel coverage.

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All you need to know about annual travel insurance policies

As demand for travel soars and everything from weather to staffing issues leads to higher prices and cancellations, it's more important than ever to protect your trip arrangements with travel insurance .

However, it's not always easy figuring out which type of plan to pick. There are standard policies that cover general delays, interruptions and cancellations; "cancel for any reason" plans that account for personal whims in addition to unforeseen circumstances; and lesser-known annual options.

In this article, I'll go over what you need to know about the third type: annual travel insurance coverage.

What is annual travel insurance?

Annual travel insurance plans (also known as multi-trip plans) last for one year and generally cover all trips taken within that period until either the policy expires or the maximum payout amounts are reached. The policy usually kicks in for trips that take you more than a certain distance from home.

For example, my Allianz AllTrips Prime annual plan remains in effect for one year following the purchase date of my policy. I'm covered on all trips during which I'm at least 100 miles from my residence.

This differs from standard travel insurance, which is purchased on a per-trip basis and covers only one specifically insured journey per policy. Standard policies begin when travel for the insured trip begins and end when the insured trip ends, rather than covering multiple travel experiences within a specific period of time.

What does annual travel insurance cover?

Coverage depends on the plan you purchase. There are usually several tiers from which to choose, with the lowest offering the least coverage and the highest offering the most.

Using my policy as an example, I'm covered for up to $3,000 per year in trip interruption expenses, including hotel room coverage at $250 per night, which I used when I was recently isolated for 10 days after testing positive for COVID-19.

My policy also offers a $3,000 annual trip cancellation benefit, $20,000 in emergency medical coverage, $100,000 in emergency transportation (including medevac services), $45,000 in rental car theft and damage protection, $25,000 in travel accident coverage and $1,000 for essentials in the event of baggage loss or damage, along with a handful of other small benefits.

Note that many annual policies do not include things like "cancel for any reason" coverage or trip interruption benefits. If those items are important to you, check with your provider before making a purchase.

How much is an annual travel insurance policy?

Sure, an annual travel insurance policy may sound great, but how much does one cost? I was surprised to find that insuring your trips for a whole year with an annual policy is often not much more expensive than insuring one or two trips individually, depending on the options you select.

A decent annual travel insurance plan will likely set you back a couple hundred dollars. The more coverage you add, the more expensive the plan will become. The cost also changes depending on variables like your age and where you live.

The best thing to do is contact your preferred provider for a quote or check out an aggregator like InsureMyTrip to compare premiums.

Which companies offer annual travel insurance plans?

The Points Guy recommends the following travel insurance providers , all of which sell annual or semi-annual policies:

• Allianz Travel Insurance .
• Seven Corners .
• Travel Guard .
• World Nomads .

When should I purchase annual travel insurance?

There are several reasons why annual travel insurance might be better for you than separate policies for individual trips. If you travel a lot — more than two or three times annually — it could be more cost-effective than purchasing separate policies for each journey.

For me, it makes sense because I travel for a living, often taking a dozen or more trips each year. Also, much of my travel is comped, which makes insurance more difficult to acquire. (If I haven't paid for a cruise, flight or hotel, I can't attach a dollar amount to it and, therefore, often can't insure it. I also wouldn't be able to provide purchase receipts in the event something went wrong and had to file a claim.)

Other factors to consider include your health, how adventurous your travels might be, whether you have coverage as a credit card perk and how much your travel arrangements cost versus how much coverage you can get with an annual plan versus individual policies.

Another consideration right now is COVID-19. For me, the annual plan made sense because most of Allianz's individual plans don't cover issues linked to COVID-19. However, the annual coverage I purchased does.

Other things to know about annual travel insurance policies

Here are a few additional tidbits I learned after filing a trip interruption claim under my annual travel insurance policy. Keep them in mind when deciding if an annual policy is right for you.

• Before committing to the purchase of any travel insurance plan, make sure to inquire about specific components that are important to you. For me, those were COVID-19 coverage, trip interruption benefits and medevac coverage.
• Know that your coverage does not reset each time you travel when you opt for an annual policy. So, if you have a trip that goes awry, you file a claim and you max out the benefit allowed by your plan, you won't have that benefit available to you for the remainder of your policy year.
• Depending on your policy, you might have to return home between travel sessions in order for each trip to be covered. Taking several back-to-back trips could prevent them from qualifying for coverage under your annual insurance plan, so be sure to read the fine print, and plan accordingly.
• If you purchase annual or multi-trip travel insurance, keep your policy card and provider phone number with the other important documents you bring when you travel so they're easily accessible in a pinch.
• If you find yourself in a covered situation for which you'd like to seek reimbursement, keep all receipts and take photos that will help to support your claims when they're submitted.
• Don't assume all your expenses will be reimbursed, even if you think they'll be covered. It doesn't hurt to try, but in my case, my Allianz plan only partially covered the hotel expenses I submitted.

Top Up My Cover Cancellation

KEY FEATURES

Top Up My Cover Cancellation acts as a “ top up ” to your main travel insurance policy.

This insurance allows you to purchase up to £50,000 †  extra cancellation cover (per person) so that your holiday costs can be fully covered.

• We cover you, as long as your main insurer does too
• ‘Top up’ by a maximum of £50,000 (per person) †
• Cover for all destinations*
• Any trip duration
• No need to declare medical conditions
• Available to people aged 85 years or under

† The maximum ‘top up’ amount is £50,000 per person (£15,000 per person if aged 75-79 and £10,000 if aged 80-85), with an overall limit of £100,000 per policy. * providing you are travelling to a location that is covered on your main policy.

Please note:

• You must have at least £1,000 of cancellation cover per person on your main travel insurance policy.
• It doesn’t matter where you travel to and for how long. However, you should always check that you are travelling to locations that are covered on your main policy.
• There is a waiting period of 7 days from the time that you take out this policy. If anything occurs in this period, or you are aware of anything that could give rise to a claim prior to taking out your Top Up Cancellation policy, you will not be covered.
• Top Up My Cover Cancellation only pays after a valid claim has been made on your main travel insurance policy.
• In the event of a valid claim, Insurers will pay the cost of your claim less the amount paid under your main travel insurance policy, up to your Top Up My Cover Cancellation limit – see example below:

If you come to make a claim:

which means you are not out of pocket!

Click here  to read the Insurance Product Information Document.

Click here  for full policy terms & conditions.

Free Spirit

For travellers of any age with medical conditions.

Travel Plus

Travel Insurance that gives you more.

For hazardous activities while overseas.

Longstay & Backpacker

For all types of extended trips.

Top Up My Cancellation Cover

Up to £50,000 additional cancellation cover.

High Value Cancellation Cover

Cover for ultra high net worth travel.

Especially for Coach Trips in the Uk & Europe.

European motor breakdown cover.

Mission, Vision & Values

Giving travellers the freedom to travel, with confidence.

Our History

Over thirty years providing specialist travel insurance solutions.

Happy customers are are the heart of everything we do.

Our work has been recognised in some prestigious awards.

The people who make P J Hayman what it is.

All P J Hayman Key Contacts and how to get in touch.

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Key Features

For ultra high net worth individuals.

Designed to offer cancellation cover for holidays and trips valued up to £500,000

Specialised Range of Cover

Policy holders are covered for cancellations,abandonments, postponements, interruptions and holiday curtailment

Policy extensions

Terrorism & Extended stay and travel delay extension available

Available to Senior Travellers

Cover is available to persons aged up to 70 and in good health

High Value Travel Cancellation Insurance is a unique, stand-alone policy. It protects high value holiday bookings, suitable for UK domiciled individuals, families, and groups under 70 who are in good health.

With High Value Travel Cancellation Insurance, you can ‘top-up’ the level of your travel insurance already in place for trips up to the value of £500,000. Although, even higher limits will be considered.

It includes cover for Cancellation, Abandonment, Postponement, Interruption or Curtailment. Plus, extended stay and travel delay extension is available.

Also, if you need cover for an extended trip or are travelling to a country facing terrorism (including cross-border threat), High Value Travel Cancellation Insurance can give you the confidence to travel there too.

Call us for more details on 02392 419 050 or apply today.

Eligibility & Restrictions

Eligibility.

• Travellers must have underlying travel insurance in place with a minimum of £7,500 cancellation cover per person**.
• Available to those who are UK, Isle of Man and Channel Island domiciled.
• UK is defined as – England, Scotland, Wales and Northern Ireland.
• Channel Islands is defined as – Jersey, Guernsey, Sark, Alderney and Herm.
• Can be endorsed for most countries.

Available to travellers aged up to 70 years and in good health at the start date of the policy.

Trip Limits

As long as the underlying policy provides cover, high Value Cancellation does too.

• Pre-existing physical, psychological or medical conditions.
• Pregnancy or any related problems.
• Financial causes, fraud, misrepresentation or concealment by the Proposer.
• Contractual dispute including wilful breach of a contract by the insured.
• Any act of terrorism (unless additional cover is provided and the additional premium paid).

Quotes available by application. Click to download the application form or contact us using the form at the bottom of the page

Important Information

Please note that the information below applies to policies purchased from July 2023 . For details of prior policies, please call us on 02392 429 050.

Claims Notification

In the event of any circumstances or incidents which could give rise to a claim under this Insurance, the Insured will: -

i) give notice immediately on becoming aware of any circumstance or incident.

ii) confirm the facts in writing as soon as possible, with as much information as is available.

iii) make no admission of liability or promise of payment without the prior written consent of Underwriters or their appointed representatives.

iv) take all steps to minimise or avoid any loss hereunder and act upon the instructions of Underwriters or their representatives.

v) provide Underwriters or their appointed representatives with: -

a. all necessary assistance in a timely manner.

b. all information requested.

c. all documentation and records necessary to evaluate and establish indemnity hereunder.

d. copies or extracts of any documents that may be required by Underwriters or their appointed representatives. without expense to Underwriters.

vi) not include the premium or any costs incurred in the preparation of any claim made under this Insurance.

vii) forward immediately to Underwriters or their representatives any letter, writ, or other documentation received in connection with any claim made under this Insurance.

viii) disclose any other insurance effected by or on behalf of the Insured covering all or any part of the same Insured Trip.

ix) in the event of loss or damage by theft or dishonesty give immediate notice to the police and keep record of same with the appropriate police reference attached.

The documents below are valid to policies purchased from July 2023 . For any questions relating to prior policies, please call us on 02392 419 050.

High Value Cancellation Policy Wording

High value cancellation ipid, high value cancellation application.

Average Travel Insurance Costs

This study analyzes travel insurance costs to find out the average cost for a policy, factors that affect the costs, and how the price changes depending on age, trip length, trip costs and more.

For this analysis, quotes were collected from the U.S. News ranking of the 12 best travel insurance companies to determine average insurance costs for a variety of trip types

This research can give you an idea of your next trip’s insurance costs and what you should consider when purchasing a travel insurance policy.

• Key Statistics
• The average cost of travel insurance is $53 for a single person or 5.3% of the total trip cost.
• Travel insurance is most expensive for people aged 80 and above , with the average travel insurance policy for 80-year-olds costing $163 .
• On average, insurance for trips that cost $500 is 8.4% of the total trip cost , while insurance for trips that cost $5,000 is 3.8% of the cost of the trip .
• Between 30-50% of international travelers aged 60 years and above seek medical advice while traveling abroad.
• The lowest average travel insurance price during this study was $25.04 from Trawick International while the most expensive was AIG Travel Guard at $82.71 .

What is the average cost of travel insurance?

The average cost of travel insurance by age, the price of travel insurance as a percentage of the trip, insurance costs per day by trip length, why does travel insurance vary in cost, what affects the cost of travel insurance, how to reduce the cost of travel insurance, what’s covered on your travel insurance, is travel insurance worth it, can covid affect travel insurance, what is the recommended amount of travel insurance, is it cheaper to get annual travel insurance, methodology.

The average cost of travel insurance across all 12 of the providers analyzed is $53. This is based on a basic travel insurance policy for a 40-year-old male traveling for 14 days from New York to Mexico.

Many factors affect the insurance price, including your age, the destination, the duration of your trip and the travel insurance company. You will find that different insurance companies and their quotes can vary from one to the next.

Below are the quotes that were acquired during this study. The prices are based on a travel insurance policy for a 40-year-old male traveling from New York to Mexico for 14 days from June 1st 2024.

Trawick International offered the most cost-efficient insurance policy for a trip costing $1,000 in Mexico at a cost of $25.04 for a basic policy, while AIG Travel Guard’s policy costs the most at $82.71.

Getting quotes from several insurance companies can determine the best-priced policy for you - although this study received a low price from one company, you may find another insurance firm will quote you less.

The study shows that travel insurance costs increase for older policyholders, and the lowest prices favor those aged between 20 and 39 with an average cost of $41.

People aged 80 years and older have the most expensive insurance costs when traveling; the average cost was $163 for those in this age group.

Take a look at the gradual increase of travel costs as the age of the policy-holder rises:

Data note: This analysis looked at the average cost of travel insurance for a person of each age traveling from New York to Mexico for 14 days from June 1st, 2024, based on a trip cost of $1,000, with no pre-existing health conditions.

Travel insurance costs by trip cost

This study analyzed the travel insurance trip costs in-depth, getting quotes from 12 insurance companies.

The cheapest quote received was $24.56 from Trawick International to cover a 14-day excursion of a trip that cost $500.

Data note: Travelex and Allianz only offered premium insurance policies for trips costing $20,000 or more, while quotes for all other trip lengths and from other providers offered a choice between basic or premium insurance policies.

The average travel insurance price is 5.3% of your total trip cost - for example, if your trip costs $1,000 in total, then $53 would cover your travel insurance policy.

The average travel insurance price ranges from 4.3% to 8.4% of the total trip cost. The price of insurance as a percentage of total trip cost is highest for trips costing $500 and lowest for trips costing $5,000.

The cost of travel insurance by trip length

The length of a trip is a factor in travel insurance costs - the longer the duration, the higher the insurance price, although the difference in average price by trip length was fairly small. This study reviewed insurance quotes from 12 travel companies on policies that cover 3-days, 7-days, 10-days, and 14-days.

This study found that the average cost of travel insurance was the lowest for a 3-day trip at $46, and highest for a 14-day trip at $54. The lowest price for two weeks’ travel insurance was $25.04 compared to the highest, which came to $82.71, showcasing a wide range from one company to the next.

Although travel insurance prices got gradually higher as the length of the trip increased, the price per day is much better value on longer trips, costing an average of $3.81 per day on a 14-day trip, compared to $15.40 for a 3-day trip.

Various factors affect the price of travel insurance, including the destination, policyholder's age, trip length, and the total trip cost.

If you’re traveling for a longer duration and paying more for your vacation, then that will also impact the insurance - it will cost the company more to keep you covered; if they need to pay for a cancellation then the more expensive accommodation will cost more for them to compensate.

Age can also alter the cost of trip insurance - with the price often hiking up for seniors. This is probably because older explorers are more likely to be at risk of illnesses or accidents.

Here are some of the key factors that directly affect your travel insurance costs:

Destination

Each destination has a different cost for medical facilities and treatments, subsequently impacting the cost of travel insurance.

The longer the trip, the more it will cost to cover your travel insurance; it’s no surprise that the price increases when traveling for longer.

The longer an expedition or vacation, the more costs the insurance will have to cover, and there’s an increased chance of accidents or illnesses.

With the previous taken into account, you can expect the trip length to impact the cost of your travel insurance directly.

The trip cost will make your insurance more expensive. A pricey vacation will have a bigger risk for the insurance company.

If there’s a cancellation or other issues, it will cost more to rectify. There’s a clear correlation between trip cost and travel insurance prices.

The older you are, the more costly your policy will be. Insurance gets more expensive, especially for those 60 years and above.

Our research exhibits a pattern; the older a policyholder is, the higher the insurance costs.

This is because of the probability and increased risk of accidents and injury.

Number of travelers

The number of travelers put onto your policy will change the quote outcome.

If you’re covering insurance for a family rather than one person, then you will most likely get a more expensive price.

With that said, you could be saving money by doing this. It’s often a better option than taking out separate policies for each individual.

Compared to scuba diving or mountain extravaganzas, a general vacation is quite the contrast.

Some activities require specialist insurance. Be sure that you’re covered for everything you’re doing.

Lots of travel insurance companies will be able to protect you, but if you are getting involved in active sports, the cost will rise.

Reduce travel insurance costs by ensuring savvy decisions and not paying for cover that you don’t need.

Here are some of our tips for saving money on travel insurance.

• Get annual coverage - Lots of insurance companies will cover you for the entire year. This is only worth it for travelers who frequent countries abroad multiple times a year. If you plan two or more trips in the same year, it’s worth exploring the annual insurance options.
• More than one traveler - If you’re traveling with family or somebody else, rather than taking out several policies, you could save money with a multi-policy or family travel insurance.
• Check if you are covered - Before filling in the policy details, see whether your bank or house insurance already covers you. Some companies will cover you for free. But often, it provides you with basic insurance. There are lots of credit cards now offering complimentary travel insurance all year round. Check to see if you’re already covered or if it makes sense to use a credit card for your travel insurance.
• Don’t pay for cover you don’t need - There’s no need to get premium travel insurance if you only require basic needs. Check the policy and what it covers. You can ensure you pay for what you need rather than wasting money on insurance you don’t need.
• The length of your trip - Long vacations or travel periods will likely result in a more costly travel insurance document. This is something to take into account, if you book for less time then the insurance will also be more affordable. However, when calculated by cost against trip length, you get more for your money. The average quote cost for seven days in this study was $49 compared to $55 for 14 days.
• Try different companies - Use our study to find out what prices were quoted but don’t allow that to deter you from getting a full range of quotes. One company may offer our policy the lowest price but present you with your highest quote. Get different quotes and evaluate them, not only for price but for coverage, and value-for-money and check that they’re a reputable insurance firm.

What’s required for travel insurance

When filling out the forms for your travel insurance, you will need personal details like your name, date of birth, and email address. You’ll also need information regarding your travel plans like where you’re traveling to and the duration of your trip.

There are lots of different terms and types of policies to be aware of; here are some of the things you should check that your insurance policy covers:

• Medical Expenses : Ensure that all injuries and illnesses are covered, if you require medical attention or treatments, you want them covered in your insurance.
• Personal Injury : Cover accidents caused by you, whether you injure yourself or somebody else; you will want all accidents and emergencies within your travel insurance.
• Lost or Stolen Belongings : If your items are damaged, stolen, lost or delayed, you want to be protected. Delayed baggage will result in small compensation, and lost or damaged items will be replaced.
• Missed Departure : In case of missing a flight or having a trip canceled, you can ensure that you get a new flight as well as any expenses you incur paid for by the insurance firm.
• Cancel Any Time : This isn’t necessarily a must. However, some insurance companies have a Cancel for Any Reason coverage that will allow you a partial reimbursement if you cancel your trip.

Be sure to check your individual travel insurance policy before you travel so you know what you’re covered for.

Travel insurance FAQs

Travel insurance is a must for all travelers, whatever trip you have planned you need to be covered. This will be a lifeline that could potentially save your life during an emergency or simply cover cancellations, damages and lost belongings.

Cater the insurance policy to your needs and ensure there’s nothing unnecessary on the policy.

Many travel insurance plans cover COVID cancellations and during the pandemic prices for insurance did change. All world affairs and health emergencies are always factored into travel insurance prices, due to the likelihood of cancellations and medical care.

The amount of travel insurance required is determined by the destination you’re traveling to and the trip cost.

Travel insurance company, Squaremouth, recommends $50,000 in emergency medical coverage for international trips and $100,000 for cruises or travel to remote destinations. [1] Travel Medical Insurance: What is it and how can it help? - Squaremouth https://www.squaremouth.com/travel-advice/travel-medical-insurance

Getting annual insurance can save frequent travelers money throughout the year. If you are planning more than one getaway then get prices on annual or multi-trip policies.

For this study, quotes for a basic travel insurance policy were collected from 12 travel insurance providers detailed in the U.S. News ranking in November 2023 using a base profile of a 40-year-old male traveling from New York to Mexico on June 1st, 2024, with a trip cost of $1,000. Mexico was used as it is the most popular vacation destination for Americans. [2] 7 Best Countries for Americans to Visit - Visit World https://visitworld.today/blog/1571/7-best-countries-for-americans-to-visit

For the age breakdown, the same method was used, changing only the age of the profile when gathering the quotes.

To find the breakdown by trip cost, the 40-year-old male base profile was used, changing the trip cost for each quote. For Travelex and Allianz, only premium insurance policies were available for trips costing $20,000 and over.

For the cost by trip length, the 40-year-old male base profile was used, changing only the trip dates.

• [1] Travel Medical Insurance: What is it and how can it help? - Squaremouth https://www.squaremouth.com/travel-advice/travel-medical-insurance
• [2] 7 Best Countries for Americans to Visit - Visit World https://visitworld.today/blog/1571/7-best-countries-for-americans-to-visit

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Reward for every spend, trip cancellation cover: Details of IDFC's new card

Ashva is ideally suited for the affluent consumer and offers an elegant metal-based design, and premium travel and lifestyle experiences.

Credit Card(Photo: Shutterstock)

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• Low forex charges - 1% fees on foreign currency transactions
• Higher tier of rewards -10x Rewards Points on spends above Rs.20,000 in a statement cycle and on your birthday
• Enhanced Airport lounge perk - 4 domestic lounge/spa and 2 international lounge visits every calendar quarter
• Trip cancellation cover - Get reimbursed for a non-refundable portion of flight and hotel cancellations for up to Rs. 25,000 in a calendar year
•  Movie delights - Buy one get one free offer on movie tickets with up to Rs.400 off on the second ticket twice a month via BookMyShow
•  Round-the-year golf privileges - Up to 24 rounds/ lessons in a year
• For every transaction above Rs 500, you receive Rs 500 as cashback, up to a maximum of four times. Valid for the first 60 days after the virtual credit card is generated. The cashback will be credited upon paying the joining fee.
• Excluded transactions: Cash withdrawals, fees, charges and GST, and transactions made via the FIRST Digital Credit Card associated with the Ashva Credit Card.
• Joining Fees Rs 2,999 (+GST)
• Annual Fees Rs 2,999 (+GST)

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First Published: Sep 19 2024 | 2:51 PM IST

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