Travel insurance should be the next thing you take care of after booking your hotel and airline tickets. If you're accustomed to travelling without a cheap travel insurance policy, think again. If your luggage gets lost, your flight delayed and your bag is stolen, what will your next course of action be? While we all hope that these things will not happen to us on vacation, we do sometimes fall victim to bad luck over time. When you have a cheap travel insurance policy to protect you, you know you're in good hands even when you're far from home.