CFAR Travel Insurance A lot of comprehensive travel insurance policies offer a trip cancellation benefit. If you have to cancel your trip for one of the covered reasons, this benefit will cover up to one hundred percent of your nonrefundable prepaid costs.
A family member’s death or a natural disaster at your destination, for instance, could lead you to cancel your trip.
CFAR is discretionary inclusion, which you can add to your standard travel insurance contract for an extra expense. If you decide to cancel your trip for a reason that isn’t listed in the terms of your trip cancellation coverage, you can use your CFAR benefit.
For instance, if you recently experienced unanticipated financial difficulties and are unable to afford your trip, you can cancel it and have your CFAR coverage reimburse you for between 50% and 75% of the costs you paid in advance.
Numerous trip protection plans with varying levels of financial protection are available from some travel insurance companies.
Although some insurers do not offer CFAR coverage, they do provide product upgrades with benefits that are comparable to or superior to CFAR protection.
