6. Cancel-for-any-reason, or CFAR, policies will protect some but not all of your vacation investment.

You鈥檒l pay more for that peace-of-mind coverage, which is what it says it is, but you won鈥檛 get back your full investment.

Some companies have stopped selling CFAR, which, Sivley said, had been 鈥渁 very small single-digit percentage of the travel insurance market.鈥�

But those that do sell it? 鈥淲e are seeing ... a huge spike in the cancel-for-any-reason upgrade,鈥� upward of 500%, said Moncrief of Squaremouth, in part because it鈥檚 the 鈥渕ost lenient cancellation option鈥� and gives 鈥渢he biggest safety net.鈥�

That CFAR net, she added, probably would cover the unexpected, including border closures that caught many travelers unawares.

Tags

As featured on