Common risks covered by Travel Insurance:

1. Cancellation

2. Delayed departure

3. Delayed baggage (and emergency replacement of essential items)

4. Loss, theft or damage to personal possessions and money (including travel documents)

In the event a plane is canceled or a hotel unfortunately cancels your reservation it is good that travel insurance will cover you so you won't have to worry about where you're going to stay.

5. Medical expenses

Some medical expenses are not covered though but travel insurance will cover some common medical expenses such as a flu illness or stomach virus but not pre-existing chronic diseases such as tuberculosis or the like.

6. Emergency evacuation/repatriation

These are considered events that are not controlled. This means that insurances will cover this since it is something a customer can control. This is good to have when the unexpected happens in a foreign country such as a war or a natural disaster.

7. Overseas funeral expenses

In the event of unfortunate loss, having this feature comes in handy as it is hard to lose someone while traveling and to pay for it would be even worse.

8. Accidental death, injury or disablement benefit

These events that are caused by unfortunate chance are commonly covered by insurances, which is great.

9. Curtailment

10. Legal assistance

11. Personal liability and rental car damage excess

This is also great to know that travel insurance covers. If for some reason you are in an accident it is good to not only have automobile insurance if you are wise to get it but to also have travel insurance that will also cover you for an excessive loss, meaning a car that is a complete loss.

Some travel policies will also provide cover for additional costs, although these vary widely between providers.