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Travel insurance can help cover pre-paid and non-refundable trip costs. Trip cost includes the total non-refundable and pre-paid trip expenses no matter who booked the arrangements. This does not include anticipated or estimated costs that remain unpaid. Many types of vacations are booked through travel agents or airlines. Even though vacations are booked with the best of intentions, emergencies sometimes arise that prevent travelers from being able to go on their trip.
Many of the best vacations require pre-paid purchases and deposits. Cruises are far for deposits on excursions, for example, and travelers often have to buy airline tickets weeks in advance to receive a decent price. When there are often emergencies, travel insurance takes care of expenses in time of need and can offer reimbursement when necessary.
It is best to purchase travel insurance when purchasing the first ticket, not when leaving on a trip. This way, you will be covered by trip cancellation as long as possible.
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