Over the past decade the demand for travel insurance has significantly increased. A major catalyst in this development has been the rise in the natural disasters such as hurricane Katrina or the Tsunami of 2004 which devastated places like India and Thailand.

Why do you need travel insurance? Although traveling around the world is exciting, it can also be very uncertain. To help protect against unseen events such as medical expenses/evacuations or baggage loss people can obtain travel insurance. Furthermore, with the economic recession, taking a vacation can be a large investment for any family. There are forms of travel insurance that can protect you from major financial loss for non-refundable payments if a trip is canceled as a result of a natural disaster or a death/illness in the family.

Can individuals obtain travel insurance if they are already abroad? Yes. If abroad you are still able to purchase medical insurance, but typically you are unable to insure your vacation. In addition, if a condition has developed before insurance is acquired the condition will not be covered.

How much does travel insurance cost? The cost of travel insurance depends on a variety of factors including your age, the duration of your trip, and also the maximum benefit desired.