If you are a car owner, you probably have car insurance to make sure that you get paid once your vehicle got into some serious trouble. And if you have a family, you probably want to get health insurance in case they become ill unexpectedly.
So, when you are about to travel in a distant place, why won’t you have travel insurance? Nobody knows when something bad will happen and the best way to ensure that somehow you can pay for it is through availing one. Especially for those who frequently travel like business travelers, travel insurance is a must.
So, what exactly is travel insurance and what are its benefits? For starters, travel insurance covers losses occurred during the trip whether it be medical expenses, lost luggage, accidents, flight cancelations, or any other loss that you might encounter.
Travel insurance can usually be arranged at the time of the booking of a trip to cover exactly the duration of that trip, or a "multi-trip" policy can cover an...