Can the hotel cancel the insurance without reason because of the school closure? Can it be refunded?

You can withdraw.

The "no-reason cancellation insurance" launched by Ctrip and Ping An Insurance Company means that after the insured successfully books a Ctrip holiday itinerary and pays for it, if the cancellation of the reservation results in a loss of the insured's advance payment, the insured will receive The maximum compensation is 10,000 yuan. If the cancellation is due to self-cause, the compensation will be 80% of the actual loss amount, and if the cancellation is not due to self-cause, the compensation will be 100% of the actual loss amount.