Yes, travel insurance is worth it when your trip is expensive, mostly nonrefundable, or includes medical risk (international) or complex connections.
What makes it worth it:
- You can’t easily eat the loss if you need to cancel or change.
- Your itinerary has multiple “failure points” (connections, tours, cruises).
When to skip (or go minimal):
- Every component is refundable.
- Your premium credit card already covers key protections (then you may only need medical or special activity coverage).
One line you should always do:
- Confirm whether your planned activities (skiing, scuba, motorsports, etc.) are excluded unless you add a rider.
Last Updated: 18th Feb , 2026.