May 23, 2025
The Unexpected Costs of Travel: 15 Facts You Need to Know
Travel insurance can be a worthwhile investment due to several potential risks while traveling. Trip cancellations, medical emergencies abroad (which U.S. health insurance often doesn’t cover), travel interruptions, and lost luggage can lead to significant financial losses. Some countries require proof of insurance for entry, and natural disasters can void standard refunds. While credit card perks offer limited protection, travel insurance can cover pre-existing conditions (if purchased promptly), provide COVID-19 protections, and address specific cruise or rental car
