Insurance is shifting the risk to someone or something that is more likely to be able to handle the catastrophic event. People often insure their life through life insurance, their income through disability insurance, their business through business overhead insurance, etc.
When making your travel plans, it can be overwhelming to think about the money being spent on the experience. Often times people opt out of travel insurance for this reason. Travel insurance is insurance that is intended to cover medical expenses, trip cancellation, lost luggage, flight accident and other losses incurred while traveling, Basically, it covers you for certain mishaps that could occur while traveling. Different plans offer different coverage and should be researched to make sure you are getting what makes sense to you and your family. Below we explore the different types of coverage that can be included in a [...]