More people than ever are visiting international destinations, and many are adding travel insurance to their pretrip to-do list. In fact, 38 percent of Americans are likely to buy travel insurance for trips overseas, according to a survey by AAA.
What’s the benefit? When you buy travel insurance, you can travel with confidence because you have help overcoming a range of unexpected setbacks—whether you’re headed abroad or across the U.S.
Here are the most common protections when you buy travel insurance.
What it does: Reimburses nonrefundable payments if you must cancel a trip because of illness, job loss or other unforeseen reasons—including acts of terror. Most travel insurance providers allow customers to cancel their trip if an act of terrorism occurred at the destination within 30 days of their scheduled arrival date.
Did you know? A refund for a trip cancellation is the top priority for 88 percent of travelers who are seriously considering travel insurance, according to a survey by AAA.