Travel insurance is a plan you purchase that protects you from certain financial risks and losses that can occur while traveling. These losses can be minor, like a delayed suitcase, or significant, like a last-minute trip cancellation or a medical emergency overseas. You should apply for insurance as soon as you‘ve booked your holiday. This is because it’s possible you might have to cancel your trip after booking but before you‘ve actually left. For example: You may get injured or fall too ill to travel.

It is not mandatory to purchase travel insurance, most of the people think this as an unnecessary expenses. But if you are travelling away from home, it’s gonna be extremely expensive. Thats why, let the travel insurance companies handle such unpredictable events as you would have enough things to worry. Also, most of the people thinks that, their homeowner’s insurance would take care of everything but make sure to review your policy cover carefully that it will cover your travel insurance.