There was a time when the only travel insurance most vacationers considered was for flight cancellations. Nowadays, there are many different policies available to help cover costs incurred due to a mishap that occurs during a vacation – or even before it takes place.

Anyone who has traveled at length can easily imagine the domino effect that even a simple set-back, such as traffic congestion or a weather delay, can have on extensive travel plans. In these cases, a highly protective insurance policy can sound very reassuring. However, such policies are not without specific conditions and extra premiums, so understanding the terminology is critical. For example, “trip delay”, “trip cancellation” and “cancel for any reason” may each be defined differently from one provider to another. To determine which policy might serve your needs best, consult with a qualified insurance broker.