Itâ€™s not often that the phrases â€œtravel insuranceâ€ and â€œeasy to understandâ€ are used in the same breath, but here it goes: Trip Cancellation coverage is one of the easiest parts of travel insurance to understand â€“ especially when the subject is cancel for any reason travel insurance.
For all its simplicity, Trip Cancellation For Any Reason coverage is a conundrum. Itâ€™s one of the most asked-about travel insurance coverages yet one of the least frequently purchased. Everyone wants cancel for any reason coverage, but few end up buying it.
Before we get into why that is, letâ€™s talk a little about how Trip Cancellation travel insurance coverage works when it doesnâ€™t include â€œcancel for any reason.â€Â