Cancel for Any Reason Policy

The main thing to remember in regards to an illness and insurance, is that fear of an illness is not a covered reason per insurance guidelines. If you've purchased an insurance policy that does NOT include a Cancel for Any Reason policy, you will still be covered if you get sick just before or while on your trip, but you will not be covered if you decide to cancel your trip for fear of sickness. Here are a few basic things to know about "Cancel for Any Reason" commonly known as CFAR:

1. It is an add-on - It is not included, nor available, to add on a basic insurance policy. CFAR is an additional investment on your base insurance policy, but you do need to purchase a premium policy to be able to add it on. The bonus is you have an increase in coverage and peace of mind.

2. Must purchase within two weeks of booking your trip - It is not something that can be added on at the spur of the moment. It is a decision that needs to be made in the initial booking and deposit process. If you have already booked an insurance policy, but did not purchase CFAR, you have to abide by the current terms of your policy.

3. Reimburses up to 50-75% of trip costs - CFAR can reimburse part or most of your travel investment...and I'd rather be able to get something back, than nothing, if I need to utilize my travel insurance.

4. Cancel a trip for nearly any reason - Yep, many reasons outside the norms of a base policy are covered in CFAR. Real-world usage: Client forgot which day they were going on a trip and missed their flight. Happened to a colleague’s client and in this instance, the travel insurance covered the costs of change fees and such. On your next trip, I can send you the detailed information, so you can make an educated decision on what the best policy is for you.

5. Must be invoked within 48 hours of trip departure - Just as it is serious to make the CFAR decision upon booking your trip, you also need to make your decision to invoke that policy at least 48 hours before your trip.

While I typically travel with a travel insurance policy, I must confess that I wasn’t traveling with CFAR until recently. There are just too many things that can pop up, especially now, that I’m personally not willing to take the extra risk on.

I cannot decide on what is best for you and your fellow travel party, but I can provide the resources to help you make a more educated decision on travel insurance for your next trip.

As always, if you ever have any questions regarding this or other travel needs, please do not hesitate to reach out. I certainly hope this snippet has been beneficial in helping with that decision.