Travelers Often Purchase Insurance Too Late to Access Time-Sensitive Benefits
New data from InsureMyTrip shows that nearly half of insured travelers purchase travel insurance too late to qualify for time-sensitive benefits like Cancel For Any Reason (CFAR) coverage. The data highlights a growing trend where travelers miss the eligibility window for CFAR, which requires purchasing insurance within 10–21 days of the initial trip deposit. This issue is especially relevant as summer travel season approaches, with higher stakes due to increased spending and longer planning timelines.
Topics: CFAR coverage consumer behavior travel insurance travel trends