It’s About Money, Not the Trip

Life insurance doesn’t prevent you from dying, and travel insurance doesn’t prevent travel problems. Insurance is about money, not the experience. Yes, this may be an obvious “well, duh” observation, but you’d be surprised about how many travelers seem to forget this basic fact. Adequate insurance will make sure you don’t lose prepayments and deposits when something goes seriously wrong and that unexpected medical and transport bills will be paid.
But insurance will not pay for or even arrange substitute flights, tours, cruises, or accommodations that you might need to rescue your vacation. Even with refunds, a serious problem may well cost you a lot of money to fix. And that risk is on you, not an insurance policy.