A lot of money is being invested today in traveling. Cruise lines, resort package deals, and air travel can easily run into thousands of dollars. You may have invested some of that money on your trip and can risk losing it all. Some people either dont think of getting travel insurance or they just dont want to. Some may think they are in perfect health and they are physically active, what could go wrong? If something does, they will deal with it then.
Why should you buy travel insurance?
Why not? Its relatively inexpensive. The cost is typically about five to ten percent of the total outlay for the trip. There are literally hundreds of things that can go wrong on a vacation, from a cancelled flight to a serious illness. In some rare cases an act of terrorism or the financial default of a travel supplier can cost money you had originally planned to spend in more enjoyable ways. An illness, accident or other unforeseen circumstance can force a traveler to cancel or interrupt their plans. In that instance they face two major losses: nonrefundable deposits and medical expenses not covered by insurance.
Suppose you find yourself in some mishap that leaves you...