CFAR Travel Insurance: What is it and what does it cover?

Most comprehensive trip insurance policies include a coverage called trip cancellation that protects 100% of your insured non-refundable trip expenses should you need to cancel your trip due to a covered event. So what qualifies as a “covered event”? Some examples would be:

  • You or your family member fall ill, become injured or pass away
  • Your destination is hit by a natural weather disaster
  • A terrorist act occurs at your destination within a certain time frame from your trip

Well then, what isn’t covered by standard trip cancellation coverage? The most recent pandemic called the coronavirus is a perfect example. Pandemics and epidemics are generally exclusions under most trip insurance policies. Therefore, if you’re unable to go on your trip due to a recent travel ban that resulted due to a pandemic outbreak, you’ll likely not be covered for cancellation unless you have a specific type of coverage called “Cancel for Any Reason”.

What is CFAR travel insurance?

Cancel for Any Reason (CFAR) travel insurance is a very specific type of benefit not included or offered with every comprehensive travel insurance policy. The coverage is sometimes an optional upgrade or optional benefit. CFAR protects 50-75% of your insured trip cost and allows you to cancel your trip for any reason whatsoever.  Since this is such extremely flexible coverage, there are a few requirements you have to meet to be eligible to purchase CFAR travel insurance.

How do I buy CFAR travel insurance? 

The time to buy a cancel for any reason policy would be as soon as you make your first payment or deposit. As mentioned above, to be eligible to purchase a policy with a CFAR benefit, you must meet the following eligibility requirements:

  1. Purchase the policy within 14-21 days of the initial trip deposit date
  2. Insure 100% (not just a portion) of your prepaid non-refundable trip expenses
  3. Cancel your trip at least 48 hours prior to your scheduled departure date

Like most comprehensive trip insurance policies, pricing is mostly based on the age of the traveler and the cost of their trip. This is why it’s best to compare plans to find the most affordable option since CFAR policies can cost anywhere from 12-40% of your trip cost.

To compare travel insurance policies with Cancel for Any Reason coverage, simply run an instant quote and select the filter displayed below.

Our team of friendly humans would be happy to help you find a policy with the right cancellation insurance so you can plan your trip with peace of mind. Give us a call or shoot us an email to walk through which travel insurance plan has the benefits you need.

Why should I purchase CFAR?

Just like the spread of the coronavirus, our world can change dramatically over just a few weeks. If you want to ensure part of your trip expenses are protected no matter what happens, then CFAR would be a great benefit to consider. Although pricey, those looking to be partially reimbursed for the extra flexibility will be worth the additional cost.

Remember, this is a time sensitive benefit so be sure to reach out to a trip insurance expert or run an instant quote for your CFAR policy options as soon as you make an initial deposit or payment towards your trip.


Get an instant travel insurance quote!