What's Happening?
Go Insurance has launched a new travel insurance product called Cancel For Your Reason (CFYR), which offers travelers the flexibility to cancel their trips for any reason before departure and receive a 75% reimbursement of their trip costs. This product is available exclusively through Go Insurance's network of travel advisors and can be added to any policy sold with their premium level of cover, Go Ultra. CFYR aims to provide travelers with a sense of security and flexibility, addressing various unforeseen circumstances such as changes in personal finances or health issues.
Why It's Important?
The introduction of CFYR by Go Insurance represents a significant shift in the travel insurance industry, emphasizing customer empowerment and flexibility. This product could potentially set a new standard for travel insurance, encouraging other companies to offer similar options. For travelers, especially those planning expensive or long-term trips, this product offers peace of mind and financial protection against unexpected changes. Travel advisors also benefit from this offering, as it enhances their service portfolio and potentially increases customer satisfaction and loyalty.
