“When people are planning a trip, they don’t plan for the unexpected,” says John Cook, founder of QuoteWright.com, a travel insurance comparison site. “They don’t think about the risks that are associated with travel.”
Sabers are being rattled on the Korean peninsula and travelers are calling about coverage in case they have to cancel due to a war or an act or threat of war. Does travel insurance provide coverage. Probably not unless the traveler buys “cancel for any reason” coverage(CFAR).
You know what events you want to be covered for, but what about the rest of your traveling companions? What events are they concerned with? Would you travel without them if they had to cancel? Would they travel without you if you had to cancel?
Bottom line is to become an informed consumer. Know your needs before you buy and research coverage first. Don’t buy before comparing plans. Plans and prices vary.
While travel insurance won’t do anything to stop you from traveling “worry free” from all that may occur, it can be beneficial in protecting you from major financial losses.