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Travel Insurance is intended to compensate a potential vacationer when the unexpected causes them to miss their vacation. With hotel reservations and cruise bookings becoming increasingly non-refundable, travel insurance is becoming more and more popular among those who plan far ahead, since weather patterns, political instability and financial troubles are impossible to predict far into the future. Most commonly this form of insurance is used when purchasing cruise tickets, since such tickets are generally non-refundable even in the event of personal injury, inclement weather or dissatisfactory service. They are also popular when dealing with air travel, since a whole vacation can be ruined by a closed airport or strike.

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