Trip Insurance - How to Protect Your Travel Investment

As the rules around COVID change, what remains the same is that if you test positive, you can’t travel. So what should you do to protect your investment?

An increasing number of guests are now purchasing trip insurance.

Chaos Interrupted has real life experience with this. In January, we had a guest test positive for COVID-19 just 2 days before travel, so they had to cancel. Per the contract the guest is still responsible for payment if that week cannot be rebooked (which so close to a trip is almost impossible). The guest had trip insurance, and was able to recoup a majority of the costs.

There are a variety of different policies, and coverages. Cancel for any reason insurance (CFAR) allows you to do just as the name says, and in some cases this is where coverage for COVID-19 will fall (all dependent on the type of trip insurance policy you purchase).

On average trip insurance costs 5-10% of your total trip cost. CFAR coverage typically adds 40% to the cost of your base travel insurance. And most CFAR needs to be purchased within 1-3 weeks of your trip/initial deposit. Consult the policies for specifics.

There are a number of trip insurance options available, which can be found by doing an internet search, or feel free to reach out to us for suggestions.