Of the great many reasons why you should always take out a travel insurance policy when planning a trip somewhere abroad, there are several very important reasons that immediately come to mind. First and foremost, you never know what can happen when you go somewhere. This is the best reason that you should always have a travel insurance policy that you can cash in on should Murphy’s Law rear its ugly head and beset upon you many traveling woes. You never know what you could fall and break that leg, even when in Spain or Portugal. What about trip cancellations or missed flights and lost or stolen luggage? Travel insurance policies cover all of this. Or, in the case you get to your hotel and realize that they overbooked and the hotel is not ready to put you up at another place, they basically tell you in so many words, good luck with that. This is where travel insurance comes in really handy. It covers accidents, trip cancellations, and changes of plans, lost or stolen luggage, credit cards, trip interruptions and much more.