Cancel for Any Reason Insurance for Yacht Charters
The single most important add-on for any charter booking. CFAR lets you cancel for literally any reason and recover up to 75% of your trip costs.
Read CFAR GuidesWhat Is Cancel for Any Reason (CFAR)?
Standard trip cancellation insurance only covers specific, documented reasons — illness, injury, jury duty, natural disasters. But what about the reasons that don't fit neatly into a policy's covered list?
Cancel for Any Reason (CFAR) is an upgrade to a comprehensive travel insurance policy that lets you cancel your trip for any reason at all — no documentation needed, no questions asked — and receive up to 75% of your prepaid, non-refundable trip costs back.
For yacht charters, this is a game-changer. Charter deposits are large, paid months in advance, and almost always non-refundable. CFAR gives you an exit ramp.
Why CFAR Is Essential for Yacht Charters
Weather That Isn't a "Named Storm"
Standard policies only cover named hurricanes or tropical storms. But 30+ knot winds for a week — not officially a named event — will keep you dock-bound. CFAR covers you anyway.
Change of Plans
Life happens. Work emergencies, family situations, or simply not feeling right about the trip. With CFAR, you don't need to justify your decision to an insurance company.
Group Dynamics
Charter trips involve multiple people splitting costs. If key members drop out, the trip may no longer make sense financially. CFAR lets you pull the plug without total loss.
Injuries That Don't Ground a Resort Trip
Someone in your group breaks a leg or throws out their back. At a resort, they can still sit by the pool. On a yacht? Constant motion, tight spaces, steep companionways — it's a non-starter. CFAR covers you when the injury wouldn't qualify as a standard cancellation reason.
How CFAR Works
Book Your Charter
Pay your initial deposit to the charter company.
Buy Insurance + CFAR
Purchase within 14–21 days of your initial deposit. This window is strict.
Need to Cancel?
Cancel at least 48 hours before your departure date for any reason.
Get Reimbursed
Receive up to 75% of your prepaid, non-refundable trip costs.
What Does CFAR Cost?
CFAR typically adds 40–60% to the base comprehensive travel insurance premium. Here's what that looks like for common charter values:
| Charter Cost | Est. Premium w/ CFAR | CFAR Reimbursement (75%) |
|---|---|---|
| $10,000 | $800–$1,200 | $7,500 |
| $25,000 | $2,000–$3,000 | $18,750 |
| $50,000 | $4,000–$6,000 | $37,500 |
| $100,000 | $8,000–$12,000 | $75,000 |
Premiums vary by age, destination, and provider. These are estimates for illustrative purposes.
Important CFAR Details
- Purchase window is strict.
- CFAR must be purchased within 14–21 days of your initial trip deposit. Miss this window and CFAR is no longer available.
- 48-hour cancellation minimum.
- You must cancel at least 48 hours before your scheduled departure. Same-day or last-minute cancellations are not covered under CFAR.
- 75% reimbursement, not 100%.
- CFAR reimburses up to 75% (some providers offer 50%). If your reason IS covered under the standard policy, you'd get up to 100%.
- Must be part of a comprehensive plan.
- CFAR is an add-on to a comprehensive travel insurance policy — you can't buy it standalone. You must insure the full cost of your trip.
Learn More About CFAR Coverage
Explore our guides to understand how Cancel for Any Reason coverage protects your charter investment.