Travel insurance is obviously valuable for big-ticket trips, such as a luxury cruise, safari or multi-city international vacation, but it can even be helpful when you’re staying closer to home. When deciding if travel insurance is right for you, I suggest asking yourself what you could stand to lose if you had to cancel last-minute

Booking travel always carries some degree of uncertainty. Travel insurance provides a safety net so you can step out with confidence. Insurance is designed to cover the big financial risks you don’t want to bear alone. You may not need travel insurance for inexpensive trips, but it can provide a sense of security when you prepay for pricey reservations , which can be unpredictable

Using this Travel Insurance beginner’s guide, you can follow these eight steps to successfully find the best travel insurance