Travel insurance is an insurance intended to cover medical expenses, travel cancellation, luggage loss, flight accident and other losses incurred during a trip.
Travel insurance can usually be issued when booking a trip covering the exact duration of this trip, or a “multiple travel” policy that can cover an unlimited number of travelers within a set time frame. Some policies offer lower or higher medical options; the highest are especially for countries that have high medical costs, such as the United States.
Some credit card issuers offer automated travel insurance when paying for travel arrangements using credit cards, but these policies are generic and special attention should be paid to taking personal requirements into consideration. There are many travel insurance policies available on the market, but it must be taken into account what events are covered by each policy and what exceptions and limitations apply besides other details.
If you are still not convinced of the importance of travel insurance, think about the risks that such a policy covers. Among the most important: