Cancel for any reason (CFAR) insurance
Cancel for any reason insurance is an optional add-on (you cannot buy standalone CFAR coverage) that is offered on some comprehensive trip insurance plans. While trip cancellation coverage provides reimbursement when you cancel a trip for a covered reason, CFAR provides partial reimbursement when you cancel for absolutely any reason. With CFAR, you can receive up to a 75% reimbursement as long as you cancel at least two days in advance. The reimbursement percentage varies between policies, but is usually around 75%.
Check out an insurance comparison site like Squaremouth to see a list of policies that offer CFAR. For example, on the Squaremouth site, you will need to input your trip information (i.e., length of trip, departure date, trip cost, age, etc.) and search for a quote. You will then see a list of policies, along with a filter that will allow you to select “cancel for any reason.”
If you’re purchasing a travel insurance policy over the phone and would like the CFAR add-on, make sure to ask the customer service representative about it since this coverage is not always an option.
Read the full NerdWallet article online here: https://www.nerdwallet.com/article/travel/flight-insurance-what-you-need-to-know