Travel insurance is great because it can save you a lot of hassle if you lose your luggage. Additionally, if you are the victim of a crime, you can have everything from your bags to your laptop replaced by your insurance company. Insurance providers know that when you travel the worst thing in the world can be to lose your possessions. Thus, you can cover everything from your clothing to your work computer before embarking on a trip so that you aren't a hot mess while waiting at baggage claims or if you are mugged.
Sometimes, trips can be delayed by everything from a broken plane to inclement weather. If your trip is delayed, often, your travel insurance can reimburse you for any extra expenses or trouble this may cause. Additionally, travel insurance can save the day if you have to cancel your trip because of everything from an illness to a family emergency. This way, you can reschedule your trip and not lose a large sum of money.
At the end of the day, travel insurance is about protecting both your bank account and your sanity. If you invest in such a policy, you can be sure that your next trip will be worry-free.