So, should you buy travel insurance and add to your other costs of airfare, hotel, meals and other expenses for your trip? The average cost of a travel insurance policy was $291 in 2020, according to Squaremouth, a travel insurance provider. Typically, a travel insurance policy costs 5% to 10% of the total cost of your trip. The money you pay for travel insurance could help make up for a financial loss if something unexpected impedes your path to a getaway. Here are five scenarios where travel insurance can pay off.

Source: Daily Sun February 17, 2021 12:00 UTC