Cancel For Any Reason (CFAR) travel insurance is now available!

  • Posted on
  • By

Due to the coronavirus scare, we've had a zillion requests in the past week to provide a Cancel For Any Reason (CFAR) option on travel insurance.  We've had CFAR on the backlog for awhile, but the requests over the past week were overwhelming.  So we listened!  We dropped everything and got it out!

If you already have Travel Insurance turned on, you don't have to do anything to get CFAR.  CFAR now rides along as an option in the guest form.

And we've changed how the guest forms look to call out Travel Insurance much more clearly with a bottom "No, I decline" option to force the decision.

In the case of adding on travel insurance after the fact, CFAR also shows there and will smartly detect if it's available and show the guest the correct language and options accordingly.

If you want to turn on travel insurance in your account, you can do that at any time under Settings > Travel Insurance.  Read our support article about travel insurance and remember that properties need to have an address on file in order for travel insurance to work.

Enjoy!

36 Comments (add yours)

Paul W
Mar 25, 2020 12:05 PM
OR Team Member Joined Jun, 2009 833 posts

OPCD TX said:

What if a guest decided, today, to push their dates back to 3 months from now and there was a cost to move the dates; would today mark the date as if this was a new booking? Since we are applying outstanding balance due, a new reservation date and a new agreement?

That is possible yes, but you'd have to adjust the "booked" date to today as well. That is typically not done (it's buried under the booking > Info tab) but that would make sense in the scenario you laid out. The booked date is what CFAR time restrictions hinge off of.

cp9293
Mar 25, 2020 1:34 PM
Joined Apr, 2012 395 posts

I thought I entered Rravel insurance as required, but it does not seem to come up during quote.

OPCD TX
Mar 25, 2020 6:26 PM
Joined Aug, 2019 24 posts

Curious, you are trying to make it required? I thought by law in the USA you can not make travel insurance a requirement? Are you in another country by chance? Or was there a change in the USA?

OPCD TX
Mar 25, 2020 6:29 PM
Joined Aug, 2019 24 posts

Another question, if the guest booked less than 2 weeks ago but their arrival date is less than 30 days away, are they not allowed to purchase the CFAR because the travel date is less than 30 days away? No matter what, in order to get TI or CFAR TI they must be 30+ days away; am I understanding this correctly?

cp9293
Mar 26, 2020 10:09 AM
Joined Apr, 2012 395 posts

I didn’t know that. I would imagine that they just do not book my rental if they do not want to purchase it. Wouldn’t they get a total, before booking?

Jami V
Mar 27, 2020 12:51 AM
Joined Sep, 2019 1 post

How does this work for bookings that come from Airbnb and Homeaway?

Paul W
Mar 28, 2020 12:00 PM
OR Team Member Joined Jun, 2009 833 posts

Jami V said:

How does this work for bookings that come from Airbnb and Homeaway?

What many of our users do is to use a trigger email to tell Air/HA bookings about TI after the fact and ask them to buy it using the TI guest form link in the email. This can all be done dynamically using email templates and triggers. There is a specific criteria on triggers to only send if TI is not purchased and still available.

Here's an example email template that you might send about buying travel insurance:

Hi {CFIRST},

You just booked a reservation for {PDISPNAME}, and I wanted to take a moment to talk to you about travel insurance!

As it states in the renter agreement, we do not give refunds or move bookings based on severe weather or travel restrictions.  This is specifically mentioned in the renter agreement as an Act of God event.  This is standard practice throughout the vacation rental industry but every year it still takes some guests by surprise when they get unexpectedly blindsided by a storm or illness.

You can still buy travel insurance now but it will no longer be available within 30 days of arrival.  If your booking is less than 30 days from now, you can buy it as long as you buy it the same day (or 24 hour time period) that you booked. You can also buy Cancel For Any Reason within 14 days of the original booking date.

The price of the policy is fairly cheap (about 7% of your booking amount) and well worth it if you need to cancel or interrupt.  If you're wondering what all is covered, our travel insurance page covers that in detail and also includes a link to the Terms and Conditions so that you can read the fine print.

Visit this link to buy a travel insurance policy for your booking:

{BUTRAV}

-{MYCOFIRST}

In the above text, you might create clickable links around some of that language and the link at the end.

Paul W
Mar 28, 2020 12:05 PM
OR Team Member Joined Jun, 2009 833 posts

OPCD TX said:

Another question, if the guest booked less than 2 weeks ago but their arrival date is less than 30 days away, are they not allowed to purchase the CFAR because the travel date is less than 30 days away? No matter what, in order to get TI or CFAR TI they must be 30+ days away; am I understanding this correctly?

They can buy standard TI on or before the final payment is due or on the booking date or up to 30 days before arrival, whichever comes last.

They can buy CFAR TI within 14 days of the booking date or up to 3 before arrival, whichever comes first. So if it's more than 14 days from original booking date, that's it - can't buy it. If you booked within 14 days of arrival, then it's up to 3 days before arrival.

Now if you book inside of 30 days, then both standard and TI are available on that booking date. The next day (which is no longer the booked date) only the CFAR would technically be possible.

Paul W
Mar 28, 2020 12:08 PM
OR Team Member Joined Jun, 2009 833 posts

OPCD TX said:

I thought by law in the USA you can not make travel insurance a requirement?

This is true. We are going to be amending our settings to not allow the "make required" option. We have heard this as well and the carriers are confirming it. Very few people have that in place, so it shouldn't affect the majority. Insurance is heavily regulated and one of the fundamental tenants of insurance law is that it must be something the consumer chose to buy.

Incidentally, this is why Damage Protection is carefully worded to be insurance for the owner, not the guest, and why it does not involve the guest for verifying damage. If it was insurance for the guest, the guest would have to choose to buy it. When we add "Optional Guest-Selected Damage Protection" option in the future, it will be a different product that covers the guest.

Nancy M
Mar 31, 2020 10:04 AM
Joined Apr, 2018 2 posts

Can you create a System Alert when Travel Insurance has NOT been purchased?
From there I'd love to have the option of creating an email to guests to remind them that they have not purchased travel insurance and to state what exactly our policies are once again

I'm hoping this will deter future requests for credits, refunds, moving dates, etc... and explicitly explain that we are held harmless.

Chris B
Apr 10, 2020 11:07 AM
Joined Apr, 2018 13 posts

What is the travel insurance company that OwnerRez is partnered with?

Lydia B
Apr 10, 2020 1:08 PM
Joined May, 2019 159 posts

Here's a link to info which can be found in OR support docs. There's other info out there which can be found by searching "Travel Insurance."

https://cdn.orez.io/wcnv/docs/RentalGuardian%20-%20Overview.pdf?v=0116da11ea74cfb3b939b87f3a2c5dc676da5f83

BlueMtnCabins
Apr 10, 2020 3:16 PM
Joined Jun, 2016 1127 posts

Paul W said:

one of the fundamental tenants of insurance law is that it must be something the consumer chose to buy.


You don't say.. O-care comes to mind....

Dewey Getaway
Apr 12, 2020 2:27 PM
Joined Feb, 2020 49 posts

Thanks! This post mentions "remember that properties need to have an address on file in order for travel insurance to work." Where do we put an address on file? I checked my profile and don't see a place to enter the address.

Paul W
Apr 12, 2020 5:48 PM
OR Team Member Joined Jun, 2009 833 posts

Dewey Getaway said:

Where do we put an address on file? I checked my profile and don't see a place to enter the address.

Each property needs to have an address. So go to Properties menu > click on a property to drill in > click the Location tab on the sidebar > change button > fill in address and save. This gives the insurance carrier a destination address when the policy is purchased. If the property has no address, a policy cannot be issued as there is no destination. Also, the carrier cannot verify rules that govern the destination (some consumers cannot buy insurance for certain destinations or the carrier may have that area of the world blacklisted).

Dewey Getaway
Apr 12, 2020 7:17 PM
Joined Feb, 2020 49 posts

Thanks, Paul! I see it now.