Updated on October 22, 2021, by Janet Hunt; reviewed by Samantha Silberstein;
Ariana Chávez family with suitcases passing by a resort fountain.
PHOTO: GETTY Pictures/CAIAIMAGE/PAUL BRADBURY
In the event that you travel a lot, you have unavoidably been allowed the opportunity to buy travel protection and without having a profound knowledge of it, you truly couldn’t say whether it’s a fair setup or a sham.
Any time you travel extensively, you could lose money or property. When considering your options, there are a few things you should know about travel insurance to help you make better decisions.
The fundamentals of travel insurance Traveling always entails risks, such as the possibility of falling ill or being injured, losing or having your valuables stolen, missing flights, and, in extreme cases, the loss of life.
By reducing your risk of financial loss due to these risks, travel insurance can give you some peace of mind.
There are five main types of travel insurance, but you can also buy additional policies that cover specific risks like identity theft. A combination package of most of these different types of travel insurance is available for purchase:
Flight Protection: In essence, flight insurance is a kind of life insurance that covers you if the plane crashes while you’re traveling.
Insurance for Baggage: This covers any delay, loss, or damage to your luggage during your trip or flight. The majority of policies for package travel insurance include it. Jewelry, electronics, and other costly items may be excluded or limited in price.
