Travel insurance is designed to protect against various risks and financial losses that may occur during a trip. These risks can range from minor inconveniences like missed flights and delayed luggage to more serious issues such as injuries or illnesses. Travel insurance also covers unforeseen expenses incurred while traveling, whether internationally or domestically. There are two main types: Schengen travel insurance and worldwide travel insurance. Schengen travel insurance is a required document for obtaining a Schengen visa, while worldwide travel insurance does not cover Schengen states but applies only to the countries it is designated for. Travel insurance can be purchased for weeks or months, depending on your travel dates and destination.