In most cases, insurance definitions are simple—at least on the surface. Homeowner’s insurance protects your house. Automotive insurance covers your car. Health insurance covers your medical expenses. With Travel Insurance, though, the definition isn’t that easy. ‘Travel’ is not an asset such as your car or your house, nor is it connected to your well being like medical care is. As such, a lot of people simply don’t know how Travel Insurance works or why it is important.
Think of Travel Insurance as what shields you if your travel plans fall apart. Say a relative passes away and you must cancel your trip at the last minute. Or maybe you miss your first flight, causing a delay for the rest of your trip—including additional flights and hotel reservations. Or perhaps the airline loses your luggage and can’t recover it. Any of these scenarios can result in the complete derailment of your trip. Each can also represent a sizable financial hit—that is unless you have the proper Travel Insurance coverage up your sleeve.