Just because you value cheap airplane tickets and discount hotel rooms or cheap vacation packages does not mean that you are not spending serious money on a trip. Often travelers have found that travel insurance which typically costs 4 percent to 8 percent of a trips cost is well worth the price.
Many credit cards and homeowners policies do not provide complete coverage during travel and health insurance plans often do not cover oversees medical expenses. Also some insurance plans have steep deductibles and many do not cover the cost of emergency medical transportation. Often travel insurance policies do not include deductibles.
Last winter thousands of travelers had their trips disrupted because of snow. Even though the airlines refunded some tickets, many travelers incurred significant out of pocket expenses for non refundable activities booked at their destination (including hotel and car reservations) and had to pay unexpected hotel bills since they were stuck in connecting cities or cities they were returning from. Some travel insurance helps defray such costs if it was purchased prior to the event becoming known.
The odds that something will complicate, if not disrupt, a planned trip has become far more likely vs. happening only occasionally.
The most popular travel insurance is packaged policies offering broad protection, including coverage for trip cancellation, interruption, lost baggage, medical, and emergency evacuation that otherwise could cost travelers thousands of dollars.
Make sure you read the fine print before buying travel insurance. Although coverage varies depending on the company issuing the policy as well as the individual policy being sold, it is rare that a traveler can be reimbursed for any reason for canceling a trip. www.cheapfares.com