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Do you plan your holidays months in advance or book yearly accommodation somewhere then it's possible you could potential loose hundreds or thousands of your hard earned dollars. Why is that your may ask? Since you have planned and paid for your holiday months in advance you cannot be sure that you will actually be able to go, friends and family get sick or have other commitments, as well other other incidents so then you have to cancel or change your dates and you are stuck with the bill as many hotels and motels will not refund your money or charge you for changing your dates. If you have to cancel because of your friends you will have to chase them up for the lost money and this can cause tension amongst you.
Even if you do end up going on your holiday bad things can still happen such as something getting stick or needing medical attention and you have to go home, your accommodation providers will not refund your money for days you did not stay there as well as this you have to pay for the medical bills so there is potentially alot of money to be lost.
If you were a member of travel insurance company then they would cover the costs for you, so that you are not out of pocket. Typically people tend to think travel insurers will only cover the costs for medical bills while you are holiday when infact they can cover a broad range of things depending on their policies. Many travel insurance companies will cover the full costs of your bills instead of paying only a small percentage, they can also give you quotes for single trips not only yearly trips.
You may think paying travel insurance is not worth the money but when you consider what you could stand to loose it's a small price to pay for peace of mind and remove the financial risk factor from your holidays
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