Insurance is an intangible thing that you pay a lot of money for, yet really can’t do without in a life full of uncertainty. We get coverage for our houses, cars, lives, medical needs, businesses, and collectibles.
However, only about 20% of travelers buy travel insurance and only 7% out of that number ever buy it regularly.
About 50% of travelers have absolutely no idea what travel insurance is or what it covers. Yet you stand to lose a lot of money without it in a travel emergency.
If you have ever been on vacation then you know that anything that can go wrong will go wrong. You can only appreciate travel insurance when you leave home and you’re truly on your own.
So, you should know what travel insurance is and why you need it. Here’s a breakdown: