← Return to Blog

Should I Buy Cancel for Any Reason Coverage? Why CFAR Can Be a Smart Move

Travel Team | Feb 13, 2023

Share Twitter   share

Drinking coffee, camping in the mountains.

The unpredictability of travel conditions seems like it’s at an all-time high right now. Between global pandemics, inflation, employee shortages at airports, political unrest, and the ever-present fickle Mother Nature, it’s difficult to prepare for every eventuality. Thankfully, that’s what travel insurance, including optional Cancel for Any Reason (CFAR) coverage, does.

When is travel insurance needed?

Is Travel Insurance Necessary? 

Travel insurance can provide protection for unexpected disruptions to a trip. From medical emergencies to lost luggage, delays to emergency evacuation, travel insurance can cover a wide range of situations that might otherwise derail a trip. 

Insurance providers like Seven Corners offer a variety of plans with different levels of coverage and price points. No matter your degree of risk tolerance or budget, you’ll want to think carefully about what you choose to buy.

When former Seven Corners writer Grace Lower was planning a multi-stop trip through Germany and Italy, her goal was to keep travel costs as low as possible. She planned to stay with extended family for part of the trip and rely on budget airlines and accommodations.

“Passing on non-essential purchases comes second-nature to me, but when it came time to purchase travel insurance, I was left second-guessing,” she said. With all the levels and options for benefits available, would the cheapest travel insurance be the right decision?

The answer wasn’t as clear-cut as it seemed, but Grace did know that despite trying to travel to Europe on a budget, she would be more comfortable with travel insurance. She also knew that the quality of coverage was just as important to her, if not more, than just the cost of it.

Is Cancel for Any Reason Coverage Worth the Cost?

Like we said, travel insurance can help protect the money you spent for your trip, covering prepaid, nonrefundable expenses if you have to cancel your trip for a covered reason. You can go a step farther by purchasing optional CFAR coverage. This add-on benefit allows you to cancel your trip for any reason you wish, not just the covered reasons listed in your plan document.

Watch how CFAR helped Jane >>


Because CFAR is an optional benefit you can choose to add, it does increase the cost of your travel protection plan. So, is CFAR the right fit for a traveler on a budget? Grace found that purchasing insurance with CFAR comes down to two key questions:

First, what is your risk tolerance? If the possibility of uncontrollable circumstances cancelling your trip leaves you hyperventilating into a paper bag, you have a low risk tolerance and may appreciate greater levels of travel insurance coverage.

Second, how much flexibility will you want or need? Some people want the option to cancel their trip if a senior pet gets ill. Others want to be able to cancel their cruise if their favorite team makes the championship game. And still other people say they’re going on their trip no matter what. Each of these travelers wants a different level of flexibility in their trip planning.

Knowing how risk averse and flexible you are will help you determine if Cancel for Any Reason coverage is worth the cost to you. Those with a lower tolerance for risk and who want the flexibility to alter their plans for a wider range of circumstances will likely find greater value in CFAR coverage. 

When can CFAR help me? 

While CFAR offered by Seven Corners and many carriers can reimburse up to 75% of your non-refundable trip expenses, it might be helpful to know how other travelers have been helped by their CFAR coverage.

  • Change of mind, which can include anything from having an argument with your would-be traveling companion to simply deciding you just don’t want to travel right now
  • Fear of travel, because sometimes things just don’t feel safe in the moment
  • Family emergency, such as worrying about leaving a loved one at home. Most travel protection plans cover the cost of cancellation in the event of a family member’s sickness and death, although a family emergency does not necessarily guarantee coverage.
  • Financial hardship, such as paying for unexpected car repairs or maintenance on your house prior to your trip so that you can no longer spend the extra money on travel
  • Current events, such as political unrest at your destination that makes you feel unsafe traveling there
  • Disease outbreak, like what we saw during the COVID pandemic where travelers were afraid to go to their destination when it became a hotspot for infection
  • Work-related situations, such as accepting a new position and not being able to take vacation time or your boss denying your time-off request

“In considering whether to add CFAR coverage to my own vacation,” Grace said, “I knew that all the added flexibility would come at a cost.” Ultimately, it was a cost she was willing to pay. Even as she tried to cut costs while traveling, adding CFAR provided greater protection for her budget. 

How to Buy the Best Travel Insurance 

Taking the time to read and understand your plan document — and talking with a licensed travel insurance agent — are essential steps to choosing the best travel insurance for you. Contact Seven Corners if you have questions about whether CFAR is right for your trip.

Email sales@sevencorners.com

Toll free 1-800-335-0611

Worldwide 1-317-575-2652 

Collect 1-317-818-2809

Travel Like a Pro with The Wayfinder

Did you enjoy this blog? Get more articles like it before anyone else when you subscribe to our monthly newsletter, The Wayfinder.

  Sign me up

Important Information from the United States Fire Insurance Company


Search Posts

Newsletter alert

Receive our monthly inspiration and travel tips from the travel insurance experts.

  Sign me up

This website and various social media updates provided by Seven Corners contain content, information, articles, videos, and links to websites created by third parties. Seven Corners, its owners, and its employees neither endorse nor are responsible for the accuracy, timeliness, or reliability of any third-party information, statements, opinions, or advice and are not liable for any loss, harm, or damage caused by your reliance upon them. Use of such information or the linked websites is entirely at your risk. Concerns regarding this third-party content should be directed to the third party. Seek professional advice, as appropriate, regarding your use of such information and websites.

Because the information on this website and in Seven Corners’ blogs and other social media is written and compiled using knowledge and information available at a certain point in time, it may become outdated. For that reason, information, events, legal requirements, and product changes (including benefits, limitations, exclusions, and services) may not be up-to-date, complete, or accurate at the point in time it is being read. Again, use of such information is at your risk.