Traveling... Do You Need Travel Insurance?
If you’re planning a vacation and looking to protect airfare, hotel or cruise costs, you may just need a trip-cancellation-only policy. If you’re more concerned with medical care and medical evacuation while abroad, then a travel medical insurance policy may be what you need. Some policies combine both coverages into one policy, so you could be paying a higher premium for insurance that you may not want or need. According to travelinsurance.com the average cost of insurance is around 4 to 10% per person of the total cost of the trip.