Travel insurance can save you lots of money and hassle. Life is crazy – the weather, kids, parents, health, etc. can all put an abrupt end to vacation plans. I have heard stories from friends and family of booking trips and having to cancel last minute due to unexpected illness or death in family. Travel insurance can be very inexpensive, particularly in comparison to the average spent on a family vacation ($4580) for a family of 4.
Travel insurance is just one of those things – you don’t need it until you need it. According to Consumer Reports, “When the unexpected unfortunately happens, you stand to face two major financial risks; the loss of nonrefundable prepayment and the heavy cost of emergency transportation back home. Your exposure to those risks can amount into thousands; fortunately, travel insurance can protect you from both. It is very vital to note that travel insurance is the most overpriced of all travel services but it is very essential.”