Travel insurance, Is It Important?

Traveling is a common activity done by some people today. This activity is very fun and provides us with the opportunity of seeing different places. However, people may go on short trips or long journeys so that, the travelers need some protection against the unexpected and concern over losing the financial investment in a trip. What the travelers will do to make a journey more comfortable without feeling fear? Travel Insurance is the answer.

Travel insurance is insurance that is intended to cover medical expenses, financial (such as money invested in nonrefundable pre-payments), and other losses incurred while traveling, either within one's own country, or internationally.

Travel insurance can usually be arranged at the time of booking of a trip to cover exactly the duration of that trip or a more extensive, continuous insurance can be purchased from (most often) travel insurance companies, travel agents or directly from travel suppliers such as cruiselines or tour operators. However, travel insurance purchased from travel suppliers tends to be less inclusive than insurance offered by insurance companies.

Peter Greenberg, TODAY Travel Editor said, at least there are 9 reasons to buy the travel insurance.

1. Your flight has been cancelled
2. Your bags are lost and your medication is in it. You need to have an emergency prescription filled.
3. Your passport and wallet are stolen, and you need emergency cash and a replacement passport.
4. You're involved in an accident and adequate medical treatment is not available. You need medical evacuation.
5. You need to cancel your trip due to illness.
6. Your cruise line, airline or tour operator goes bankrupt. You need your non-refundable expenses covered and to get to your destination.
7. You have a medical emergency in a foreign country.
8. A terrorist incident occurs in the city where you’re planning to visit and you want to cancel your trip.
9. A hurricane forces you to evacuate your resort, hotel or cruise.

Travel insurance often offers coverage for a variety of travelers. Student travel, business travel, leisure travel, adventure travel, cruise travel, and international travel are all various options that can be insured.

So, based on the most common risks that are covered by travel insurance, do not hesitate to set aside a little money for your travel insurance, to ensure you can enjoy your trip and more comfortable. Typically travel insurance for the duration of a journey costs approximately 5-7% of the cost of the trip.