Why is travel insurance usually so cheap? What is the catch?

Why is travel insurance usually so cheap? What is the catch?

Travel insurance is an important part of any travel plans, however it's often surprisingly cheap. The reasons behind this are the low premiums and the high level of competition between insurers. The catch is that the coverage provided is often limited and there are often hidden fees and exclusions. It's important to read the fine print and understand your coverage before buying any travel insurance policy. Additionally, you should consider buying additional coverage for more expensive trips.

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