Vacations are supposed to be fun times that yield memories that will last a lifetime. While the majority of vacations go off without a hitch and a good time is generally had by all, there are enough instances in which disaster strikes that travel insurance has become an important part of many vacations.
Joe Olujic, a frequent traveler to locations all over the world, has had his fair share of disastrous experiences while on vacation and while traveling for business. While he has yet to encounter a situation that was completely untenable, he is quick to note that having travel insurance has helped him on more than one occasion.
This is especially true on trips that involve remote destinations or a general lack of available services and amenities. Travel insurance can provide coverage for medical expenses that occur abroad, an important note considering that many healthcare providers do not cover such incidents.
Olujic has never himself had a major issue, but has seen a travel companion find himself in a great deal of trouble for committing a faux pas abroad. The insurance the travel companion carried helped him avoid some very serious financial repercussions for doing something that is perfectly acceptable in the United States.
It is not always necessary to carry travel insurance, but as with all things it is important to weigh the risk of incident against the cost involved to insure it. If the destination includes some inherent risks, it is likely best to purchase travel insurance.