What is the main function of a travel insurance policy?

The main function of a travel insurance policy is to provide financial protection against unforeseen events that may affect travel plans. This includes coverage for a variety of incidents, such as trip cancellations, medical emergencies, lost luggage, flight delays, and other unexpected disruptions. By having a travel insurance policy, travelers can safeguard themselves against potential financial loss and get assistance when dealing with emergencies while traveling.

This protection is crucial because travel can be unpredictable, and the costs associated with cancellations or medical care abroad can quickly add up. While other options may seem relevant to travel in some capacity, they do not encapsulate the primary purpose of travel insurance, which is all about risk management and ensuring that travelers have a safety net in place.