Questions about travel insurance are a frequent topic for high-end tour providers. For example…
Halifax and the Maritimes will be a busy place this summer with America’s whimsical dictator having Canadians happily choosing to stay in Canada than visit the United States. For a lot of Canadians traveling across their own – vast – country, this is a huge expense.
- Optional add-on:
CFAR is not a standalone policy; it’s an upgrade to a comprehensive travel insurance plan.
- Reimbursement:
If you cancel your trip for any reason, CFAR insurance will reimburse you for a portion of your prepaid, non-refundable trip costs, typically 50-75%.
- Time-sensitive:
CFAR must be purchased within a specific timeframe, often within 14-21 days of your initial trip deposit or payment.
- Flexibility:CFAR provides flexibility to cancel for reasons not covered by standard trip cancellation insurance.
Additionally, some providers may have age restrictions or limitations on certain activities, so it’s crucial to verify that the policy aligns with your travel plans.
CFAR coverage typically reimburses a percentage of your trip costs (commonly between 50% to 75%) and may require you to cancel your trip within a specific time frame before departure (often up to 48 hours).
- Risk tolerance:
If you’re comfortable with the risk of losing your non-refundable trip costs if you cancel for a non-covered reason, you may not need CFAR.
- Non-refundable costs:
If your trip involves significant non-refundable expenses (flights, hotels, tours), CFAR can protect you from losing that money if you need to cancel.
- Flexibility:
If you anticipate needing flexibility to change your plans, or if you’re concerned about potential disruptions, CFAR can offer peace of mind.
- Cost:CFAR coverage typically increases the cost of your travel insurance policy.
A few other CFAR suggestions are:
