“Cancel for Any Reason” (CFAR) travel insurance offers unparalleled flexibility, giving you the option to cancel your trip for virtually any reason, even those not typically covered by standard travel insurance policies. If you value having control over your travel plans and want peace of mind, understanding the best CFAR travel insurance options is crucial. Let’s explore what distinguishes the Best Cancel For Any Reason Travel Insurance from conventional policies and highlight the top companies in 2025.
While CFAR insurance provides a simpler path to claims for trip cancellations, it’s important to be aware of the trade-offs. Notably, CFAR insurance is generally more expensive than regular travel insurance. Furthermore, when you cancel a trip using CFAR coverage, you’ll typically receive a percentage of your nonrefundable trip costs, not the full amount. Therefore, our selection process for this guide prioritized companies offering favorable reimbursement rates and the most competitive additional costs for CFAR coverage.
Here are our top recommendations for the best CFAR travel insurance companies in 2025, designed to give you the ultimate flexibility and protection for your travels.
Best CFAR Travel Insurance Companies
SquareMouth
Get quotes Compare policies and rates from over 30 travel insurance providers online in minutes with SquareMouth.
A person using SquareMouth website to compare travel insurance policies
Insider’s Rating: 4.4/5
Perks: Offers travel insurance policies from 32 companies with a comprehensive, streamlined overview page for each insurance provider.
Average Price: $308
Deductible Options: N/A
Pros:
- Zero Complaint Guarantee
- Streamlined comparison platform
- Variety of partnered travel insurance companies
Cons:
- Customer service team can be difficult to reach
Insider’s Take: SquareMouth is an online marketplace that simplifies the process of choosing travel insurance. It allows you to compare policies from 32 companies, providing a comprehensive and easy-to-understand overview for each provider.
SquareMouth Travel Insurance Review
[Show Pros, Cons, and More]
Tin Leg Travel Insurance
Get quotes On TinLeg’s website.
Tin Leg Travel Insurance company logo and website interface on a laptop screen
Insider’s Rating: 4.33/5
Perks: Trip cancellation coverage for up to 100% of the trip cost and trip interruption coverage for up to 150% of the trip cost.
JD Power Customer Satisfaction Rating: 874
AM Best Financial Strength Rating: A++
Pros:
- Policy coverage includes most pre-existing health conditions
- Generous medical and evacuation amounts for peace of mind
- COVID coverage included by default on all insurance plans
- Offers a wide range of plans for various budgets and travel needs
- Some plans offer CFAR, “cancel for work reasons,” financial default, and unemployment coverage
Cons:
- Limited add-on coverage options
- Baggage loss and delay coverage is low compared to competitors
Insider’s Take: Tin Leg travel insurance provides eight distinct travel insurance plans tailored to meet the diverse needs of travelers.
Tin Leg Review
Product Details: Tin Leg, established in 2014 by the travel insurance experts at Squaremouth, focuses on meeting common traveler needs. Their policies offer comprehensive Trip Cancellation and Trip Interruption benefits, along with robust Emergency Medical and Medical Evacuation limits.
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Travelex Travel Insurance
Get quotes On Travelex’s website.
Travelex Travel Insurance website interface on a tablet, showcasing policy details
Insider’s Rating: 4.33/5
Perks: Trip cancellation coverage for up to 100% of the trip cost and trip interruption coverage for up to 150% of the trip cost.
Pros:
- Options to cover sports equipment
- Option to increase medical coverage
- Can cancel up to 48 hours before travel when CFAR option is purchased
- Affordable coverage for budget-conscious travelers
- Includes generous baggage delay, loss and trip delay coverage
- Optional “adventure sports” bundle available for riskier activities
Cons:
- Pricier than some competitors with lower coverage ceilings
- Some competitors offer higher medical emergency coverage
Insider’s Take: Travelex travel insurance, a major provider in the U.S., offers both domestic and international coverage options. They have a range of plans, including basic, select, and premium options.
Travelex Travel Insurance Review
Product Details:
- Optional CFAR insurance available with the Ultimate plan
- Travel delay insurance starting at $500 with the Advantage plan
- Emergency medical and dental coverage starting at $15,000
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Seven Corners Travel Insurance: Best Overall
Seven Corners is a reputable and experienced carrier trusted by many travelers. Their Trip Protection Choice plan offers a cancel for any reason travel insurance add-on, covering up to 75% of total trip costs, with a maximum reimbursement of $75,000. Travel medical coverage is also substantial, with up to $500,000 per person for eligible medical expenses and evacuation/repatriation limits reaching up to $1 million per person.
Seven Corners stands out with generous benefits for lost baggage and travel or baggage delays. Baggage delay benefits activate after six hours, providing up to $500 per person.
However, the Choice plan does not cover cancellations due to tour operators going out of business, which might be a drawback for travelers to less stable destinations.
Read our Seven Corners Travel Insurance review.
Allianz Travel Insurance: Best for Reimbursement
Allianz Travel Insurance is a leading name in the travel insurance sector, offering a broad selection of 10 different plans encompassing single-trip, multi-trip, and rental car coverage.
Their CFAR option for OneTrip Prime and Premier policyholders provides an impressive 80% reimbursement on canceled trips. This is the highest reimbursement percentage among the plans we evaluated, with most competitors offering 75% or less for CFAR claims.
Read our Allianz Travel Insurance review.
Travel Guard: Best Value
Travel Guard, a well-recognized brand in travel insurance, offers a diverse range of plans to suit various traveler needs. AIG, the underwriter for Travel Guard, presented the most affordable quote in our analysis for hypothetical travelers to Europe, despite offering a high maximum CFAR reimbursement.
AIG’s Preferred and Deluxe insurance plans both include CFAR coverage as an optional add-on, potentially covering up to 75% of total trip costs, with maximum reimbursements reaching as high as $112,500 on certain policies.
Many AIG policies also incorporate COVID-19 coverage even without CFAR, along with additional benefits like rental car protection and even pet travel insurance options.
Read our AIG Travel Guard Insurance review.
Travelex Travel Insurance: Best for Adventurers
Travelex is an excellent “cancel for any reason” choice for travelers planning adventurous or physically demanding activities. While their CFAR add-on reimburses up to 75% of nonrefundable trip expenses, capped at $7,500, it still offers significant reassurance for unexpected emergencies or changes in circumstances.
Compared to competitors, Travelex provides lower medical coverage, with a maximum of $50,000 per person. However, for those engaging in adventure sports, an optional add-on bundle can provide extra coverage. It’s also worth noting that Travelex policyholders may find it beneficial to consider leveraging travel insurance benefits offered by their credit cards to supplement medical expense coverage if needed.
Read our Travelex Travel Insurance review.
C&F Travel Insured: Best for Multiple Trips
C&F Travel Insured stands out as the only provider in our review offering CFAR coverage as an add-on for trips taken under an annual multi-trip travel insurance policy. This feature reimburses 75% of your nonrefundable costs and is applied per trip.
C&F also extends CFAR protection to their Worldwide Trip Protector policy, their premium single-trip option, provided you purchase the policy within 21 days of making your initial trip deposit.
Read our C&F Travel Insured review.
AXA Assistance USA: Best for Cruises and Tours
AXA is a strong choice for travelers taking cruises or tours, particularly like our hypothetical Europe cruise travelers, offering up to $1,500 per person in coverage for missed cruise connections and tours. They also cover lost or delayed ski, sports, and golf equipment, which may not be included in standard baggage coverage from other insurers. AXA also provides robust lost baggage claim limits up to $3,000 per person.
However, AXA may not be ideal for those seeking very high-limit travel protection. Their CFAR reimbursement is capped at $50,000, despite covering up to 75% of nonrefundable expenses. CFAR coverage is also only available as an add-on to AXA’s top-tier Platinum plan.
Read our AXA Assistance USA Travel Insurance review.
TravelSafe Insurance: Best for Quick Protection
TravelSafe is a valuable option for trips with multiple stops or transits, or for expats living abroad. They offer flexible coverage durations for extended trips. If you are 79 or younger, you can secure a single-trip travel insurance plan covering adventures up to 150 days. Furthermore, their reimbursement for baggage delays and losses, trip delays, and missed connections is faster than many competitors, with up to $2,500 per person for eligible missed travel connections after just three hours.
While TravelSafe’s medical coverage, capped at $100,000, may be lower than some might prefer for extensive medical needs, travelers with premium credit cards might supplement emergency costs through their card issuer’s benefits.
Read our TravelSafe Travel Insurance review.
Understanding ‘Cancel for Any Reason’ Coverage
Key Features of CFAR Coverage
CFAR policies are unique because they extend cancellation coverage to reasons beyond the standard covered events in travel insurance. This broad coverage includes concerns about traveling due to pandemics or simply a change of heart. It’s important to review the specifics of each policy, such as the percentage of trip cost reimbursed and the allowable cancellation timeframe. Typically, you can expect to be reimbursed for around 50% to 75% of your prepaid, non-refundable trip costs.
How CFAR Differs from Standard Policies
Traditional travel insurance policies cover cancellations only for specific, predefined reasons, such as unforeseen illness, severe weather, or certain other covered events. CFAR insurance significantly expands this, offering coverage for a much wider range of cancellation reasons. It represents a premium option for travelers who desire maximum control and flexibility over their travel investments.
To be eligible for CFAR coverage, it’s crucial to purchase your travel insurance policy early, usually within a specific timeframe after your initial trip deposit. Therefore, it’s essential to be mindful of when to buy travel insurance to take advantage of CFAR options.
How to Pick The Best CFAR Travel Insurance Policy for You
There’s no universally “best” insurance plan, especially for CFAR coverage, as it often increases your overall insurance premium. The ideal policy is highly personalized and can even vary for the same individual depending on the specifics of each trip.
If your primary concern is financial recovery if your plans change, a basic plan with the CFAR add-on might be sufficient. However, for more adventurous trips like challenging hikes in remote mountains, a policy with substantial medical and evacuation protection, combined with CFAR for schedule changes or injury-related cancellations, would be more appropriate. For itineraries with multiple destinations in a short period, prioritizing trip delay or baggage loss protection alongside CFAR might be crucial. If you are seeking more standard coverage options, our guide to the best travel insurance policies can provide further insights.
Steps to Choosing CFAR Coverage
- Evaluating Your Travel Needs: Carefully assess your trip’s nature, destinations, and potential uncertainties. This evaluation will guide you in determining the appropriate level of travel insurance coverage you require.
- Comparing Prices and Benefits: Systematically compare different policies, focusing on cost, the percentage of trip cost reimbursement offered by CFAR, and any additional benefits. Aim for the policy that delivers the best value for your specific travel profile.
- Reading the Fine Print: Thoroughly understand the policy’s terms and conditions, especially the cancellation window for CFAR and the claim reimbursement process. This careful review will prevent unexpected issues later.
- Understanding Your Policy: Once you’ve selected a policy, take the time to fully understand its details, including the procedures for filing a claim and the necessary documentation.
Making the Most of Your CFAR Travel Insurance Policy
Understanding Your Policy
To maximize the benefits of your travel insurance policy, a comprehensive understanding is key. Carefully note any exclusions or inclusions within your policy terms. Travelers with pre-existing medical conditions should particularly understand how these conditions are addressed under their coverage.
Policy review might also reveal helpful features, such as direct payment options to medical providers, simplifying claim settlements during your trip.
Many travel insurance companies offer customer service hotlines for immediate assistance with issues during travel or for clarification on policy details.
Tips for Filing a Claim
Travel insurance claims require proper documentation. Do not expect claims to be automatically approved based solely on your word. If you require medical attention during your trip, always request detailed invoices and medical reports.
Be aware of any deadlines for filing claims. Some insurers also offer interest payments if claims processing exceeds a stated timeframe, so it’s worth checking these details.
Why You Should Trust Us: How We Reviewed the Best CFAR Travel Insurance
Business Insider conducts thorough reviews of insurance products to identify top options. Recognizing the diverse needs of travelers, our evaluations focus on companies offering optimal coverage for specific travel profiles and scenarios.
To ensure accurate cost comparisons for CFAR coverage, we obtained quotes based on a hypothetical two-week European trip for two travelers aged 38 and 45. This trip included a river cruise, vacation home rental, and several flights, with a total cost of $14,000 for two people.
Our primary evaluation criteria for selecting the best CFAR travel insurance included: policy cost, coverage scope, claims processing experience, and the variety of policy types available.
All our reviews are conducted independently; insurance companies have no influence on our evaluations or rankings. Our top recommendations are based purely on superior coverage, efficient claims handling, and excellent customer service.
Read more about Business Insider’s travel insurance rating methodology.
CFAR Travel Insurance FAQ
What is the difference between trip cancellation and cancel for any reason?
Trip cancellation insurance reimburses you only if you cancel for a covered reason listed in the policy, such as family emergencies or illness. Cancel for Any Reason (CFAR) insurance allows cancellations for virtually any reason, offering much broader flexibility.
How do I purchase CFAR insurance?
CFAR insurance is typically purchased as an add-on to a single trip travel insurance policy. It’s usually an optional upgrade you select when buying your base policy.
Can I purchase CFAR insurance for annual plans?
Generally, CFAR insurance is not available for annual travel insurance plans. C&F Travel Insured is a notable exception, allowing CFAR to be added to multi-trip plans, but it must be selected and applied on a per-trip basis.
How much is CFAR insurance?
The cost of CFAR insurance varies depending on your trip cost and other factors, but it generally increases your base travel insurance premium by 40% to 50%. For example, a $150 base premium could increase by approximately $75 with the addition of CFAR.
What is the best CFAR travel insurance?
Based on our review, Seven Corners Travel Insurance is rated as the best overall CFAR travel insurance, offering 75% reimbursement with CFAR coverage and a high reimbursement limit of up to $75,000.
Paul Kim, Senior Associate Editor at Personal Finance Insider Paul Kim
Senior Associate Editor at Personal Finance Insider
Evelyn He, Compliance and Operations Associate at Business Insider’s Personal Finance team Evelyn He
Compliance and Operations Associate
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