00:00So you put all the puzzle pieces together of schedule, hotel, and flight.
00:05You're ready to buy, and then that question arises.
00:08Do you need travel insurance?
00:10Unpredictable events always have the chance of arising.
00:14The U.S. Travel Insurance Association reports there was a 67% increase in the purchase of travel insurance from 2020 to 2022.
00:23So is it for you?
00:25Well, you may have it already.
00:26Many credit cards include travel insurance.
00:30Check with your card and see what's available to you.
00:33As CNBC explains, you probably won't want travel insurance for domestic trips where your health care coverage and other insurance policies are valid.
00:40For international travel, you may want to look into a policy to protect you from mishaps abroad.
00:46As CNBC suggests, quote, consider your vacation an investment.
00:51Would you be okay losing that money?
00:53Unquote.
00:53If you're not spending a ton of money on your trip and you can risk losing it, travel insurance probably is not worth it.
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