Is Travel Insurance Worth It?
While the cost of travel can vary based on your choice of hotels and resorts, your mode of transportation, and other factors, adding a travel insurance plan makes your trip cost an average of 4% to 12% more. This may leave you wondering if travel insurance is truly worth the cost, or if you should take on the risk of going without it.The first detail to note about travel insurance is the fact that plans vary dramatically by provider, and that you may not actually need this coverage for every trip you take. The key to knowing whether you need travel insurance is figuring out your specific risks for any given vacation, then deciding if you can buy coverage that adequately protects you from common financial losses and pitfalls that might occur.What does travel insurance cover?Travel insuranc...