Of course, if you don’t foresee any upcoming trips in the future, then maybe yo won’t be needing travel insurance for awhile. However for prolific traveler, having travel insurance is important.
You’ve probably experience a time when your airline misplaced your bags and told you that while they were sorry for the unfortunate mix up, you need to wait for a couple of days before they can return your stuff. You are effectively stuck then, with just the clothes on your back. Having travel insurance allows to to make claims for any purchases for essential like clothes while your bags and baggage aren’t returned to you.
Travel insurance also helps a lot when you get sick in another country. Whatever medical costs you incur there are usually not covered by your health care plan, so you need to have something to fall back on.