"Insured: Free cancellation and no change fees” guarantee: What does it mean?

Given the unstable traveling conditions right now, ParkCare has taken extra measures to ensure that you feel safe booking your airport parking. You now have the option to add cancellation insurance whenever you book a parking space with us. If you add it to your reservation, you can then change and/or cancel your booking completely free of charge and get refunded in full. With insurance, any changes or cancellations can be done right until the scheduled time of service. However, if you decide to skip cancellation insurance, you can only get a full refund if you cancel your booking more than 24 hours before the stated time of parking. If you cancel your booking less than 24 hours before, you'll be charged 15% of the total parking fee for administrative costs.