Pros, cons of picking travel insurance
July 13, 2013|Gregory Karp | Spending Smart
A close relative dies just before you leave for a Caribbean vacation, and you have to cancel your nonrefundable trip to attend the funeral. Or, you're hiking in the Alps, have an accident and need to be airlifted off a mountain.
These are the types of nightmare scenarios that make even confident travelers nervous. And they're why travel insurance can be an attractive idea.
But whether travel insurance, also called trip insurance, is a good buy for consumers isn't clear cut.
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