Travel insurance seems like a money grab, especially after you’ve spent a chunk of your savings paying for your trip in the first place. Here, we’ll tell you what you need to know about travel insurance and whether or not it’s worth it. But ultimately, the decision is yours, my friend.

Is Travel Insurance Worth It?

Depending on where you are travelling and what kind of trip you are taking, like a cruise, for instance, travel insurance may be a requirement.

Basic travel insurance costs between 4-10% of your entire trip and may vary depending on the age and duration of your trip.

Shortly-yes. Purchasing some type of travel insurance will help you in the long run because the cost of paying for expenses you had no idea would come your way, especially in other countries, can and will cost you a lot more.