Travel insurance protects you against loss in the case of a cancellation, or fraud among other scenarios; there are four major types of travel insurance:*
Trip Cancellation Insurance: reimburses you if the entity you booked your travels with goes out of business.
Baggage Insurance or Personal Effects Coverage: This provides coverage if your personal belongings are lost, stolen or damaged during the trip.
Emergency Medical Assistance: This provides insurance and medical assistance for travelers.
Accidental Death: This provides a variety of coverages if you or a family member die on the trip.
