With Aloha, ATA, Skybus and Skyway Airlines all going out of business last week in one incredible five-day free-fall, it’s time for travelers to think about something they may not have considered before: travel insurance.Buying travel insurance can’t stop an airline from liquidating — or canceling your flight or losing your bags, for that matter — but it can increase the compensation you are paid if any of those things happen, and it can give you some peace of mind in turbulent times like these.
Whether you need travel insurance or can give it a pass depends on where you’re going, how long you’ll be traveling, and how much you’re paying to travel. It also depends on how much, or how little, trip coverage you may already be getting through your credit card company.
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