How would you feel if you were overseas in another country on your vacation and a medical emergency came up? Would you want the costs incurred to make you end the vacation early, or worse eat into next years vacation? Then you definitely need travel insurance. Put simply Travel Insurance is when you insure yourself and your family which covers unexpected costs to do with medical or financial. For example if your baggage is stolen whilst you are on vacation, your travel insurance should cover the cost of replacing it.

Commonly people cash in using travel insurance to pay for medical bills, trip delays and cancellations and even overseas funeral costs. You can even claim costs related to your pregnancy (if you are in your first trimester) and some insurers will even go beyond that.

There are literally thousands of different travel insurance providers available, which vary in their price. The important thing to remember when purchasing travel insurance is to look around and see who is able to give you the best deal.You should also read into the fine print to see what is covered, for example if you are going to a known war zone finding insurance to cover you will be expensive. Generally however you will find that most travel insurance will end up cosing you around 6% of your total vacation.

You should get insurance for your entire vacation and should have it extended immediately if you decide to vacation longer. It is also important to insure all of those who will be attending the vacation, some providers may even offer group rates/discounts.