5 things to know about travel insurance

Travel insurance can come in handy in some situations, but it can be confusing to choose among the many plans. Here are some basics:

Q: What does travel insurance cover?

A: Everything from trip cancellation or interruption to default such as bankruptcy. Additional coverage is available for luggage loss, medical emergencies and more. (Just be sure to read the fine print as there are exclusions and time constraints on when/how coverage applies.)

Q: Won't my homeowner's policy work?

A: Yes and no. It will likely help cover the loss of items airlines won't, such as jewelry, electronics and cash, but it won't cover the cost of a canceled flight or called-off vacation.

Q: Why get medical coverage? Won't mine work?

A: Chances are it's good only if you are traveling within the United States. Emergencies that occur overseas likely will not be covered or will be difficult to cover. It's a good idea, especially if you're taking an adventure trip such as rafting or some other risky endeavor.

Q: How much does it cost?

A: Most policies range from 4 to 8 percent of the total trip cost, but some can cost much more, depending on the coverage.

Q: Where is it available?

A: Through various sources, including travel agents, cruise lines, tour operators and other suppliers. Online, you can check InsureMyTrip.com, TotalTravelInsurance.com and Squaremouth.com to compare premiums.