“Travel insurance is a valuable asset for many travelers, but it is critical to evaluate the specific risks associated with each trip. For some, purchasing insurance is a prudent step, especially for longer trips Or someone with a major financial commitment, this is where I usually invest my insurance. Last year I unexpectedly got sick and was unable to go on a wine trip I had planned for six months. Thankfully, I had travel insurance that way. I can then easily reschedule my trip, which protects my investment and I’ll still be able to experience my destination later on. While this may not be necessary for every trip, having this safety net prevents surprises. The financial toll is huge — Alex Schrecenost, CEO of Culture With Us and a solo traveler for 20 years.