In the wake of the coronavirus pandemic, travel insurance is crucial to keeping your travel investment safe.
What is Trip Cancellation Insurance?Trip cancellation insurance is a type of travel insurance, sometimes bundled with and sometimes sold separately from travel medical insurance. This type of plan offers basic coverage for the cancellation of a trip for specific unforeseen, covered reasons. Some of these covered reasons may include (but are not limited to) cancellation due to injury or illness, weather or natural disaster, jury duty, bankruptcy of a travel provider, and even death.
You might notice that these reasons don't necessarily include coverage for an outbreak of a pandemic like COVID-19.
What's Covered Under Cancel For Any Reason?With Cancel For Any Reason Coverage, or CFAR, you can be covered if you cancel your trip due to an outbreak of Covid at your departure point or destination, or for any other reason you might need to cancel or reschedule your planned trip. This is especially important in light of Covid variants such as Delta and Omicron. There are many unknowns surrounding the Omicron variant, for example, including what level of protection the current vaccines offer against it, and how deadly the variant is. CFAR coverage can come in handy in case you need to cancel your trip due to Covid. CFAR coverage is sometimes already a part of the trip plan and sometimes must be purchased as an optional add-on benefit to your trip insurance policy.
Trip Insurance Plans with CFAR Coverage
Here are the plans we recommend if you are looking for a trip insurance plan with Cancel For Any Reason benefits.