Another important benefit of travel insurance is that it provides protection against trip cancellation and interruption. When an emergency arises before or during a vacation, travelers may have to cancel or cut short their trips. Since they have already paid for their vacations, they will stand to lose a substantial amount of money. Travel insurance ensures that they will get compensation for losses that result from trip cancellation or interruption. Additionally, those who have a travel policy will get coverage for loss baggage or personal belongings.