Travel insurance can shield you from considerable losses that can be caused a large number of factors, such as cancelled trips, lost baggage, medical emergencies, supplier defaults, as well as other unpredictable circumstances.

Who should buy travel insurance?

• Travelers that want to protect their holiday investment should consider buying travel insurance. If an sickness, accident or rapid change in plans makes you to cancel or forfeit your travel plans, you have to deal with two important financial losses - money you’ve invested in non-refundable prepayments, and medical expenses that aren’t covered by your health insurance.

How does trip cancellation coverage work?

It is designed to reimburse you for forfeited, non-refundable, unused payments or deposits when you are forced to cancel or interrupt your trip because of a variety of situations, involving but not limited to inclement weather, illness or other unforeseen events.

• Depending on your policy, it may also cover:
• •    Emergency medical expenses
• •    Transportation ordered by a doctor to the nearest proper medical facility
• •    Decent accommodations and travel expenses for travel delays
• •    Basic items you purchase if your baggage is delayed
• •    Lost or stolen luggage

How much does travel insurance cost?

• The price of travel insurance depends on the company and policy. The more money you have invested in your journey, the more is required to protect it. Travel insurance covers you for losses due to trip cancellation and interruption, medical expenses, baggage, trip and baggage delay. When you take all the protection you get into account, travel insurance is really a great asset.

Where do you buy travel insurance?

• Most travel agents provide travel insurance and many might even require customers that refuse to buy an insurance to sign a waiver form.