When it pays to buy travel insurance
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Airfare. Hotel. Rental car.
When planning your next vacation, those are the first things you look to book. Yet there is one more item you may be missing: travel insurance.
With prime booking season for holiday travel now getting underway, it could be a good idea to see what options you have.
“People usually forget about travel insurance,” said Jason Cochran, editor-in-chief of travel website Frommers.com. “You don’t think you need it until you do.”
Nothing drives that point home more than last month’s collapse of British travel firm Thomas Cook, which left hundreds of thousands of vacationers stranded.
“Most would not have assumed a company so venerable could go out of business, but it can,” said Cochran, who also co-hosts “The Frommer Travel Show” on WABC radio in New York.
Insurance coverage can cover things such as trip cancellation, medical treatment, lost luggage or a missed connection.
Source: https://www.cnbc.com