COVER-MORE Travel Insurance has today announced “major new benefits” for its policies available through Australian travel agents, including the addition of supplier insolvency coverage as well as ‘cancel-for-any-reason’ (CFAR) cover, which had not previously been available for local travellers.
Other significant new agency benefits announced include coverage for tours cancelled due to lack of numbers, and for travel delays due to acts of terrorism.
Another major innovation for Cover-More is the addition of cover for “travel service provider insolvency,” with gm sales & marketing, Mike Stein, saying the new benefits “take Cover-More travel insurance to another level”.
The range includes two new umbrella policies – ‘Comprehensive Care’ and ‘Essentials Care’ at different price points, with customers able to further tailor coverage for their own needs and plans.
There’s new add-on cover for motorcycles and mopeds with greater than 200cc engine capacity, as well as optional coverage for heli- and off-piste skiing and other more extreme adventure sports.
Cover-More last year also removed general exclusions for mental illness, including existing conditions, on all of its policies in Australia and New Zealand.
The new Cover-More policies also provide customers with Virgin Velocity loyalty points for each dollar spent and are available effective from today.

Source: Travel Australia