Travel insurance is important because it can provide financial protection and peace of mind when traveling. Here are some important reasons:
- Medical emergencies: Medical emergencies can happen anytime, anywhere, and can be costly. Travel insurance can cover medical expenses, emergency medical, and saves you from getting stuck in another country in case of a medical emergency while traveling.
- Trip cancellation or interruption: Sometimes unexpected events such as illness, injury, or a family emergency can cause you to cancel or cut short your trip. Travel insurance can reimburse you for non-refundable trip expenses such as flights, hotels, and tours if you need to cancel your trip due to a covered reason.
- Lost or stolen luggage: Losing your luggage or having it stolen can be a major inconvenience and can result in significant financial losses. Travel insurance can provide coverage for lost or stolen luggage and its contents.
- Travel delays: Flight delays, cancellations, or other travel disruptions can cause significant stress and financial losses. Travel insurance can provide coverage for expenses such as food, lodging, and transportation in case of a covered travel delay.
- Emergency assistance: Travel insurance providers often offer 24/7 emergency assistance services that can help with a range of issues such as lost passports, legal assistance, and emergency cash transfers.
So, travel insurance can provide valuable protection and peace of mind when traveling, mainly when traveling internationally or participating in activities with higher risk factors.