Travel insurance provides financial protection in the event of an unexpected incident during the trip. It covers baggage loss, trip cancellations, loss of important documents, medical emergencies, and so on. This guide offers some tips to help you find the most affordable travel insurance for your next trip.

Whether you're planning a quick domestic trip or a longer trip to a foreign country, having travel insurance is essential. Gone are the days when travel insurance was a luxury. Now, many countries have made it mandatory for foreign nationals to have travel insurance. Travel insurance provides coverage against unexpected emergencies, such as health crises, loss of baggage, loss of essential documents, and trip cancellation.