What is insurance? Insurance is a risk-sharing measure of a person or of the few people to communities who are able to risk

the same type, by everyone in the community to contribute a certain amount of money to a general fund and from the general fund to offset the damage to community members in the unfortunate damage caused by that risk. Why travel insurance? Insurance is a form of risk transfer. Buying insurance is essentially buying peace of mind, in exchange for the uncertainty with the possibility of damages with certainty through offset by finance.