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“Cancel for Any Reason” Travel Insurance

What you need to know

Updated 1/19/22

Now more than ever, the importance of having a “Plan B” in place when planning future travel is evident. For this reason, we encourage all our guests to purchase a supplemental trip insurance policy to provide peace-of-mind, maximum flexibility and protection against the unexpected.

However, post-pandemic, travelers need to be aware that often standard policies come with a host of exclusions.  When you read the fine print, things like trip changes or cancellations due to “fear of travel” are not covered.  A large majority of policies will also not cover cancellations or delays due to government border closures.

The only way to fully safeguard your travel plans is to purchase a “Cancel for Any Reason” (CFAR) comprehensive policy.  As the name implies, it allows you to cancel your departure without having to worry about exclusions or justify your reasoning.  However, here are a few important caveats you need to be aware of with CFAR coverage:


  1. IT’S MORE EXPENSIVE — The added flexibility and inclusions come at a premium.  Typically CFAR policies cost 40-50% more than standard policies.  To give you an example: Standard trip insurance for cancellation/interruption/emergency medical coverage on a $6000 European trip may cost $300.  Adding CFAR could bump it up to $550. 
  2. YOU WON’T RECEIVE ALL YOUR MONEY BACK— Specifics vary by policy and state of residence. Typically, most will reimburse you 50% to 75% of your prepaid trip costs.  Some have a maximum amount they will insure per person. 
  3. YOU HAVE TO PURCHASE IT UP FRONT – Most plans require you to purchase CFAR policies within 14 days of your initial trip deposit. It’s very important to confirm this with your provider, so you aren’t denied coverage down the road.
  4. YOU ARE TYPICALLY REQUIRED TO INSURE THE ENTIRE TRIP COST UPFRONT– Most CFAR policies require you to insure the entire trip cost upfront (vs. simply your initial deposit payment) to be eligible for its benefits 
  5. YOU CAN’T CANCEL LAST-MINUTE EITHER – In order to be reimbursed, most plans require a trip cancellation of at least 48 hours prior to departure. 
  6. IS CANCEL FOR ANY REASON COVERAGE RIGHT FOR ME? Travel always carries risks and unknowns.  In today’s environment, if you’re planning a future trip and don’t want to risk losing 100% of your trip payment CFAR coverage can offer extra peace-of-mind and flexibility and be worth the extra premium.  We invite you to reach out to your travel insurance provider directly to discuss all options and decide which is right for you.
  7. WHERE CAN I PURCHASE CANCEL FOR ANY REASON COVERAGE? MOJO enjoys a preferred partnership with both Travelex and Redpoint Travel Insurance companies . We invite you to visit OUR INSURANCE PAGE for more details and to obtain a sample quote.