It’s not only a waste of money to pay too much for travel insurance, but if it’s the wrong type of policy, a family can still end up losing their entire vacation investment should they have to cancel a trip unexpectedly. And as I have pointed out before, often the insurance provided by a travel supplier, such as an airline or cruise line, is not the best choice for travelers.
To avoid purchasing the wrong policy, read through the list of benefits to verify that they cover anything that might cause you to cancel your trip. (This type of detail may not be in the brochure. You need to find a dcoument called Description of Coverage, Schedule of Benefits, etc.) For example, a basic policy may not offer coverage for work-related reasons, which is often needed by lawyers, doctors, and business owners. This is where insurance sold by travel suppliers may fall short, and they usually charge more to boot! But with a third party insurance policy, you can purchase an inexpensive upgrade which will provide this additional coverage.