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Travel insurance, also known as vacation insurance or trip coverage, has emerged as a critical element for modern travelers. Whether you travel frequently or occasionally, understanding the significance of travel insurance is crucial to ensure a secure and stress-free trip. The Basics of Travel Insurance Travel insurance is a protective measure designed to mitigate various risks that might occur before or during your trip. It offers coverage for unforeseen circumstances such as cancellations, medical emergencies, and lost or stolen belongings. 1. Types of C