Travel insurance is one of the most important things that you can do when planning a trip. Travel insurance is made to protect you and your belongings from the many different types of costly problems happen when you are traveling. A lot of people believe that travel insurance is mainly to cover trip cancellations and problems that are with airlines and hotel reservations and stays. But, there are several other issues that arise when you travel that have the potential to cost you money and travel insurance is designed to reduce those costs for you if they do. If you have a medical emergency when you are traveling this may be the key to saving you money and a lot of trouble.