Cancel For Any Reason
Optional Cancel For Any Reason BenefitIf the Insured purchased the Optional Cancel for Any Reason Benefit and cancels his/her Covered Trip for any reason not otherwise covered by this plan, we will reimburse the Insured for the percentage of the prepaid, forfeited, non-refundable Payments or Deposits the Insured paid for his/her Trip provided:
1. the Insured's payment for this plan is received within 24 hours of the date the Insured's initial deposit for his/her Covered Trip is received; and
2. the Insured is not disabled from travel at the time the Insured pays his/her premium; and
3. the Insured insures 100% of all prepaid Covered Trip costs that are subject to cancellation penalties or restrictions; and
4. the Covered Trip cost per person is no more than $10,000; and
5. the Insured cancels his/her Covered Trip 48 hours or more before his/her scheduled Covered Trip departure date.
Cancel for Any Reason is subject to the following payment percentage relative to the applicable cancellation penalty:Cancellation Penalty Schedule
| If Cancellation Penalty Amount Is: | Percentage of Penalty Amount Payable Is: |
| Up to 25% of trip cost | 100% of penalty amount |
| 26% to 50% of trip cost | 90% of penalty amount |
| 51% to 75% of trip cost | 80% of penalty amount |
| Over 76% of trip cost . . | 70% of penalty amount |