A vacation may cost quite a lot of money that it is important to have the proper insurance protection. 
There are four major types of travel insurance;

• Trip Cancellation Insurance
  This would reimburse your vacation is cancelled because tour operator goes out of business, you get illness or another calamity listed in the policy
• Baggage Insurance or Personal Effect Coverage
  This would provide coverage if your personal belongings are lost, stolen or damaged during the trip 
• Emergency Medical Assistance
  This provides insurance and medical assistance for travellers. 
• Accidental Death
  This provides a variety of coverage if you or a family member die on the trip