CFAR only covers between 50% and 75% of your prepaid nonrefundable trip costs, whereas trip cancellation coverage covers up to 100%.
Your travel insurance policy will be more expensive if you choose to include CFAR as an optional coverage.
However, if you decide to cancel your trip for a reason that isn’t covered by the trip cancellation benefit, it could save you thousands of dollars.
What distinguishes trip insurance from trip cancellation insurance?
A common benefit of many comprehensive travel insurance policies is the ability to cancel a trip.
If you have to cancel your trip for a reason that is specifically covered by the policy, such as a family member’s death, it will cover up to one hundred percent of your pre-paid, nonrefundable trip costs.
