The cost of a trip or a vacation is often an event planned well in advance of the actual travel dates. These planned trips can be for a very special occasion like a honeymoon, or a graduation gift, and often once in a lifetime travel experience. Given the nature of these planned holidays, these trips often involves traveling overseas and are very expensive. A planned vacation usually includes expensive airline tickets, cruise bookings and hotel reservations, many of these done well in advance of the actual travel dates. Given the many uncertainties in our lives, the very busy nature of our work and lifestyles, one cannot be sure that our planned travel plans will not need some changes. Any unforeseen event such as a hurricane, a medical epidemic like the Coronavirus, a medical condition of a friend or family member or even work related pressures can force changes in ones travel plans. It is here that best cancel for any reason travel insurance for Covid19 can make all the difference.
NEED HELP? Contact Us
We are here to help you!
The cancel for any reason (CFAR) insures the traveler for any non-refundable trip expenses or pre-paid trip deposits should the traveler cancel his trip for any reason that is not covered by the regular trip cancellation coverage. This benefit is separate and additional to the trip cancellation coverage.
The ‘Cancel for any reason’ coverage is considered as the fall back cover for travellers who worry they may have to cancel their trip for any unforeseen reason not covered by trip cancellation coverage and want to recover at least part of their planned travel expenses.
The traveller has to ensure that they are eligible to buy the Cancel for any reason (CFAR) coverage. For this the traveller has to buy the CFAR within a clearly defined number of days after the initial trip deposit (usually 21 days).
Travelers can then compare available CFAR plans and insure for the full trip cost. To ensure eligibility for this coverage, the cancellation of the trip has to be done in time within the policy eligibility guidelines which is usually 48 hours before the start of the trip.
The ‘Cancel for any reason’ coverage may be either included within the trip cancellation insurance plan or it may be an additional add on option that can be purchased for an additional amount.