Assess Your Needs Before looking for CFAR travel insurance.
It’s important to think about your specific requirements. Here are probably the main variables to ponder.
Reimbursement Rate In the event of a covered cancellation, CFAR policies include a reimbursement rate, which is a percentage of the total cost of the trip.
Choose a policy that provides sufficient reimbursement to meet your needs if you are traveling extensively and want the most coverage possible.
Choosing a CFAR plan with at least a 75% reimbursement rate is a good rule of thumb.
Limits on the cancellations that are covered by a policy’s trip cancellation coverage are determined by the company.
HTH Travel Insurance, on the other hand, only covers up to $50,000, whereas Travel Guard by AIG covers up to $150,000.
