Lately, sales of travel insurance have grown by leaps and bounds due to terrorism scares, environmental disasters and outbreaks of diseases. Like everything else, you must know the ropes before jumping in headlong. A majority of travel insurance policies will provide very little protection should you want to cancel your trip because of the fear of the unknown.

If your concern focuses on potential bombings in the subway, or plots involving liquid explosives, those concerns probably aren’t covered. If you are concerned about a weather calamity that is approaching your vacation spot, most likely you are not protected from this either. Know ahead of time you’ll get no help for any of these situations by purchasing travel insurance.

The reason people buy traveler’s policies is that it is supposed to pay certain losses while traveling that won’t be refunded. Those non refundable costs might be plane fare and good faith payments on motel rooms. This could happen when the person with travel insurance has to revise travel plans or not travel at all, or is stuck away from home and expenses for motel and meals are incurred.

It would also help in the event the insured develops an illness and needs medical care or a medical evacuation is necessary. This becomes critical because there is no guarantee that your medical insurance provider is recognized in other countries. However, many travel insurance policies specify that they will not cover certain events or criteria.

A lot of the things that cause people to purchase travel insurance aren’t even included. A lot of programs don’t cover terrorist acts at all. It is for this reason you must know exactly what you are purchasing.

In the event that terrorism actually is covered, you must be careful to review the fine print, because the protection may be restricted to a specific timeframe or radius. If you are concerned about going to Paris, or even Manchester in England because of a bombing in London, your travel insurance coverage will not pay. You cannot buy insurance for fear.

However, fear is exactly what has increased the amount of travel insurance policy sales. But, most of the policies don’t cover that. These policies will also require you purchase the specific insurance coverage you want (i.e. terrorism) within 15 days of booking your trip, or you will not be covered.

Recently, many companies reimbursed travelers for incidental expenses incurred in London in the aftermath of a 2006 terrorist plot, when a scheme to detonate a bomb on a commercial airline flight was thwarted. However, the policies would not pay if you wanted to cancel because there wasn’t a real attack.

Travel insurance is priced just like all other types of insurance, according to the cost of your vacation and what type of protection you seek. Comprehensive policies will allow for almost any contingency, including luggage problems, travel snafus, medical examinations, unforseen delays in departures, and oitright cancellations. You have the option of buying just the insurance that you specifically want.

Some companies have decided to allow “cancel for any reason” coverage. These policies will offer the holder up to 74% of the cost of the trip if you cancel. Because this policy offers more leniency, it costs much more than regular travel insurance.

About 17 million travel insurance policies are sold in the U.S. annually. Purchases of travel insurance increased by 100% since the bombings of the World Trade Center in New York in 9-1-2001. This rise is expected to continue, due to the recent outbreaks of disease and various environmental disasters that are impacting the travel industry.

People don’t realize that in the event of major disasters, airlines, cruise lines and hotels are usually lenient restrictions and fees for re-booking. This is available without having to purchase a travel insurance policy.

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