Travel insurance is one of those things that you never know when you might need it! Some of us say that I am going on this trip no matter what...then something happens totally out of your control and you have to cancel. You just lost a lot of money! Conversely, you purchase insurance for peace of mind and you get just that. You have to cancel for a covered reason and your monies are returned to you.

Covered reason, now theres a phrase......usually hidden away in the small print. Same with any insurance whether it's home, auto or whatever, it seems that on making a claim that wonderful phrase 'covered reason' leaps out to get you!

Over the last couple of months a couple of major travel insurance companies, one of them AIG also known as Travel Guard, have begun offering policies where you can cancel for any reason and receive up to 80% of your money back in cash (thats right..cash). It costs a little more than a regular policy but worth it if you want to change your mind and not travel. Of course do the math to see if it works out for you.