There are a number of reasons why travel insurance is constantly being included in most travel packages together with fares and accommodations nowadays. Travel pitfalls, medical emergencies and other unforeseen events are numerous and more common than most vacationers would like to believe. There is no guarantee that the best plans will go just the way the travelers have planned them to.

Travel pitfalls do not end with personal emergencies and so people can easily encounter problems related to over booking for air lines, rental car arrangements, hotel accommodations, and even when travel companies suddenly close down. Travel consultants will always tell travelers that it is a good decision to avail of some form of travel insurance. The subject of travel insurance is no laughing matter especially because there are lots of possibilities when it comes to accidents and disasters both to the person and his or her property when engaging in traveling.

Medical emergencies are the only liability of travel insurance providers when a standard policy is used. People need to understand that insurance companies will not always pay for penalties and damages especially when people do not have good reasons for cancelling trips and this article will explain the matter further. There is an all encompassing travel insurance policy that people can purchase which will guarantee to shoulder all expenses for a trip gone wrong.

People can receive as much as twenty thousand dollars for medical emergencies and possible company bankruptcy with one insurance company which also provides a 400 dollar support for cancellation penalties. This is the kind of insurance which pays for lost bags, hotel accommodation problems, as well as extended flight delays for up to twelve hours. When it comes to such policies premiums are also expensive.

There is also a provider who sells insurance for an amount of eight percent based on how much a trip costs. When an insurance policy is bought the fraction that goes to travel cancellations amount to 5.5 percent. The rise in travel insurance companies can be attributed to the travel agencies which include travel insurance services in their travel packages.

This is not a mandatory expense because the travelers will be able to remove the insurance if they do not want it. Agencies can have more people avail of travel insurance when they have already included the service in the travel packages. What happens if you don’t buy travel insurance?

No insurance basically means no protection for any travel mishaps and there is always a contract bearing the extend of one’s coverage. When a country is not safe to travel to companies do not hesitate to give travelers their money back. This is only possible though when there is a formal travel advisory released and the company is the one that cancels the trip.

Trip cancellations are often caused by travelers not feeling that the country they are about to go to is as safe as when they planned the trip. When a person is afraid he or she will not receive payment for a cancelled trip.