After you’ve determined what’s prompting the insurance buy, go to a travel insurance website such as insuremytrip.com, squaremouth.com or travel insurance.com to compare policies. (These sites do a good job in educating about travel insurance, too.) Carefully read through the policies you are considering. Expect to pay from 4 to 10 percent of the prepaid, nonrefundable cost of the trip. In certain circumstances only you can decide, the peace of mind will be worth the price.
Read more online at the Star Tribune: http://www.startribune.com/when-to-buy-travel-insurance/384181351/