Cover-More Travel Insurance launched the Cancellation Plus Cover in a groundbreaking move. This first-of-its-kind option introduces a new level of protection and flexibility for Australian travellers. This innovative offering is set to redefine how Australians safeguard their travel plans, providing coverage for a variety of life’s unexpected events that are not covered by traditional travel insurance policies.

Cancellation Plus Cover is an add-on that allows travellers to cancel their trips for reasons that have previously been ineligible for coverage under standard policies. Whether it’s a change in employment, a personal relationship breakdown, or simply a change of heart, this new option ensures that travellers can adapt to unpredictable circumstances without facing financial loss.

A New Era in Travel Insurance

Todd Nelson, CEO of Cover-More Australia, proudly announced the introduction of this pioneering cover. “While standard cancellation cover offers broad protection for travelers, our Cancellation Plus Cover is designed for those moments when life throws a curveball. This is more than just an evolution of our pre-COVID-19 Cancel For Any Reason (CFAR) product; it’s a commitment to offering more care, more cover, and more options for Aussie travelers.”

This new cover responds to the increasing demand for more comprehensive and flexible insurance options in a post-pandemic world. Nelson emphasized that this is about giving Australian travellers peace of mind, knowing they can cancel their trips for various reasons without worrying about losing their hard-earned money.

How Does Cancellation Plus Work?

Cancellation Plus Cover is designed to be an easy and seamless addition to a traveller’s insurance policy. Here’s how it works:

• Flexible Add-On: Like adding coverage for activities such as skiing or cruising, Cancellation Plus can be added to standard cancellation cover by paying an additional premium.
• Broad Coverage: This optional cover protects scenarios such as denied work leave, starting a new job, unexpected relationship changes, or even a change of mind.
• Conditions and Limits: The cover applies to Single Trip policies and covers travel costs incurred after the policy is issued. Notably, it also includes expenses paid within 48 hours before policy issuance.
• Eligibility: The option is available when purchasing a policy more than seven days before the scheduled trip start date, with cancellations eligible up to 48 hours before departure.
• Claim Payout: Depending on the policy chosen, travellers can claim either 50% or 75% of their non-refundable travel costs, capped at $10,000 per policy.

“While we’ve worked hard to offer coverage for as many situations as possible, there are still some extreme circumstances where this cover won’t apply,” Nelson clarified. He pointed out that Cancellation Plus does not cover situations such as natural disasters, war, terrorism, or government-mandated border closures, which remain outside the scope of any travel insurance currently available in Australia.

A Game-Changer for Aussie Travelers

The introduction of Cancellation Plus Cover is poised to be a game-changer for Australian travellers, providing flexibility and security that has been sorely lacking in the travel insurance market. With the ability to claim for a wide range of unforeseen events, travellers can now book their trips with greater confidence, knowing they won’t be left out of pocket if life gets in the way of their plans.

In an industry where innovation is vital to staying ahead, Cover-More has once again proven its leadership. The company’s commitment to meeting the evolving needs of travellers is evident in this new product, which sets a new standard for what travel insurance can offer.

For more details on Cancellation Plus Cover, travellers are encouraged to visit Cover-More’s website, which can also access an easy-to-understand guide to cancellation cover and travel insurance. This guide is invaluable for anyone looking to navigate the often-confusing world of travel insurance, ensuring they are fully informed and prepared before their next trip.

Final Thoughts

In today’s fast-changing world, flexibility is more important than ever. Cover-More’s Cancellation Plus Cover is a timely and much-needed addition to the travel insurance landscape, providing Australian travellers with the peace of mind they deserve. Whether it’s a last-minute change in plans or an unforeseen life event, this new cover ensures that Aussie travellers can adapt and cancel their trips without the financial burden that would otherwise accompany such decisions.

As travel continues to recover and evolve, products like Cancellation Plus Cover are set to play a crucial role in rebuilding consumer confidence. Cover-More’s latest offering is not just a new product; it’s a bold statement about the future of travel insurance and the company’s dedication to leading the way in this space.

For more information, visit Cover-More’s official website.

Written by: Soo James

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