11 COVID Travel Insurance Things to Look For

4. Cancel For Any Reason (CFAR) option

CFAR offers flexibility when you want broader protection for unpredictable situations, such as changing travel rules. Unlike standard benefits that only reimburse listed covered reasons, CFAR usually reimburses a set percentage—commonly around 75%—of non-refundable trip costs if you cancel for any reason allowed under the CFAR terms. There are strict rules: you must often buy CFAR within a short window after your first trip payment and cancel at least 2 days before departure. CFAR also costs more than standard plans. Ask whether CFAR is available in the destination country and whether your level of reimbursement and purchase window align with your risk tolerance. For high-cost, non-refundable trips, CFAR can be worthwhile. For budget trips with flexible refunds, the extra premium may not pay off. Balance peace of mind against price when deciding.