Lately, sales of travel insurance have grown by leaps and bounds due to terrorism scares, environmental disasters and outbreaks of diseases. But as it is with anything, there is a catch. There are restrictions on the reasons you are allowed to cancel a trip.

It isn\’t likely you\’ll get coverage for situations involving subway bombings or plots involving liquid explosives. Should you plan to vacation near the shore and think about canceling your plans due to a typhoon that may or may not hit your vacation location the chances are it will not be reimbursed by the policy. Situations like these aren\’t included in a travel insurance policy.

The policy essentially would cover lost expenditures pertaining to your trip, which you would not recover. Hotel deposits and airline tickets are among those types of expenses. Situations that would warrant payment are when the holder of the policy has to delay, or cancel a planned trip, or if the insured is stranded somewhere then the cost of hotel accommodations and meals would be covered.

The travel policy usually pays for circumstances when an overseas doctor or hospital care is required, or the insured needs emergency medical transportation. Many medical policies that cover a person at home may not cover expenses in another country and the individual must pay for them unless they have travel insurance. Travel insurance covers certain circumstances but has a lot a lot of special circumstances where the policy will not pay.

Events caused by natural disasters are not usually covered by this insurance. For example, some insurance policies do not cover any sort of terrorism. It is for this reason you must know exactly what you are purchasing.

And the policies that do cover terrorism will only reimburse for your canceled plans if a terrorist attack has occurred in a place included on your itinerary, and only if that happens within a 30-day period of your departure. Travel insurance won\’t help you much if, for example, a bombing in London has scared you into canceling your plans to go elsewhere in England or even to Paris. Being afraid is not covered under travel insurance.

And yet it is fear that is prompting more and more people to buy travel insurance. Most travel insurance will not cover those circumstances even though they were the prompting factor for their purchase. When purchasing travel insurance the buyer should beware of exclusions such as time frames as some policies will not cover teroristic acts if the policy has not been in effect for a certain period prior to travel.

For those policyholders who were stranded in London in 2006 following a foiled attack to blow up planes with liquid explosives, travel insurance covered the costs of hotels and meals. However those same traveler policies would not pay for cancellation because the terrorism was not carried out and no attack was made.

The cost of protection for traveling is just like every other insurance policy because it depends on where the person is going, how thorough they want their coverage to be and other risk factors. The wise shopper can find travel insurance that will provide protection for many things including medical coverage and medical transportation, or even for delayed flight and lost bags. You may prefer to shop for a policy that covers only your concerns, they are available.

Some of the insurance companies have started offering policies called \”cancel for any reason.\” You would be reimbursed for about three quarters of your outlay if you change your mind. Generally you will pay an additional forty percent premium to get this coverage.

In the United States, there are about seventeen million travel insurance policies sold annually. Ever since the September 11 terrorist attacks in 2001, the annual sales of travel insurance policies has just about doubled. It is expected that they will continue to increase, due to recent events such as environmental disasters and outbreaks of disease that affect the travel industry.

Keep in mind that during major disruptions, airlines, hotels and cruise lines typically will waive their restrictions and fees for travelers that wish to re-book. There are many times you can get relief without buying the insurance.

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