Travel Insurance exists to protect you in the event that you find yourself dealing with one of the above scenarios. It can provide protection to cover medical expenses, financial default of travel suppliers, and other losses incurred while traveling. These policies can be purchased to cover a single trip or an unlimited number of trips within a set time frame.
According to the U.S. Travel Insurance Association, about 30 percent of Americans purchase travel insurance, an increase from 10 percent before 9/11. Travelers are seeking peace of mind, protection against the unexpected and concern over losing the financial investment in a trip.