What is a key feature of travel insurance policies?

Travel insurance policies are designed to provide coverage for a range of travel-related risks, making this the correct answer. These policies often address incidents such as trip cancellations, medical emergencies, lost luggage, flight delays, and other unexpected events that can occur during travel. The comprehensive nature of this coverage is crucial for travelers who want to mitigate financial risks associated with the uncertainties of travel.

While trip cancellation coverage is a common feature, it is not guaranteed to be included in every policy; thus, not all travel insurance policies will always provide this coverage. Moreover, the idea that travel insurance covers any and all types of travel-related risks is misleading, as policies often have specific limitations and exclusions, and some risks may not be covered depending on the plan chosen. Finally, although travel insurance can be affordable, prices vary widely based on factors like age, health, trip duration, and level of coverage, so it is not safe to generalize that they are typically inexpensive.