When you book a Flight Ticket it involves a lot of expenses. It includes taxes, surcharges, extra fees for baggage, the cost of travel, etc. Finding a Flight with the right fare might be an easy task, but flying without an insurance might not be a wise decision.

A Travel insurance might sound like those extended warranties on certain products which are not worth. But in actuality, in some cases, shelling out for buying a travel insurance is a smart move. Post the 9/11 attack in the United States, many travelers have understood the importance of Travel Insurance and are adding the same to their Pre-Travel List. The main reasons for buying travel insurance are:

• Peace of Mind
• Protection against Unexpected Loss
• Concerns over losing the financial investment during a trip

Let us look at certain options how travel insurance will make sense to you.

• Flight might have cancelled due to certain unexpected reasons
• Baggage is lost and your medication or important documents are in it.
• Passport or wallet is stolen
• Involved in an accident and adequate medical treatment is not available. You might require a medical evacuation.
• Cancellation of the trip due to illness
• Medical emergency in a foreign land
• A terrorist incident occurs in the city you are planning to visit.

A travel insurance will minimize the financial risk while travelling. Every risk and potential loss vary.  It is important to understand what is the cost involved while buying a travel insurance. It depends on the below factors:-

• How much of the trip is prepaid
• Air tickets are refundable or not
• State of your health
• Value of your luggage
• Financial Health of your company and airline
• Current coverage if you have (Medical Insurance)

In order to avoid any circumstances which might lead you to cancel your trip or spoil it, it is advisable to buy a travel insurance.