The thing to know about travel insurance: Each trip, each traveler is different. Many os us may not need or benefit from buying travel coverage. However, travel insurance comes under 'what if...' category.
Travel insurance is also known as trip-cancellation/-interruption insurance.
People buy travel insurance for situations arising when their trip is delayed or canceled, either by themselves or by a travel provider; when they need medical help overseas or must return to the US for treatment; when their luggage is lost, or, most unfortunately they die during the trip.
A good travel insurance policy offers more coverage than your existing credit card, health insurance, or homeowners policy already provides. They also provide 24 * 7 assiatance.
A good travel insurance policy provides at least $50000 medical coverage.
You should buy from an independent, third-party website rather than a travel agent or a travel provider, such as an airline or cruise line, all of whom may be more interested in earning their commission than providing real value for your money.
The best travel insurance policy: Travelex Travel Select (liberal cancellation, delay, and medical coverage, great price, covers children up to 21 years old at no additional cost)
Other travel insurance policies from major insurance providers in U.S.: