Even when we see on the news about a fire in someone's house, a burglary in the neighbourhood or things going wrong during other people's holidays, we often get lulled into thinking these things won't happen to us.
But they will - disaster doesn't discriminate.
If and when you are caught unprepared on a break away you could end up with myriad inconveniences and bills.
By insuring your holiday, just like you insure your car and home, you can set off with a clear mind and with no need to worry about anything going wrong.
Just what goes wrong? A common case insurers often have to deal with is an emergency arising back home.
You may be hundreds or even thousands of miles away from home and a close relative falls ill.
You would need to cancel your hotel bookings, change your flights and rearrange everything with no notice in order to get back home.
With no cover, you would have to pay for changes in flights and hotel bookings, but by insuring your holiday all your hotel and flight changes will be taken care of and you can get back home very quickly and at no extra cost to you.
If you have pre-existing health conditions or are travelling with children or senior citizens, you should seriously consider insuring your holiday.
There are countless cases where travellers need to be admitted into the hospital for serious and not so serious ailments whilst abroad.
Having to pay local medical bills can often constitute a financial disaster.
With an appropriate policy, you will have access to the best medical attention available or transported to the nearest hospital and treated - at no cost to you.
Ever lost your mobile phone or your camera? Many travellers end up in the unfortunate situation of having to replace expensive items after losing them or even having them stolen while abroad.
With a good policy you can claim if you lose your precious electronic items (of course, conditions apply and there are different levels of cover).
Another common problem for travellers is when their bags don't reach their destination with them.
And if your bags don't arrive with you, that means neither do your clothes, toiletries, shoes, medication - everything really! Once again, by insuring your holiday you will be able to purchase emergency necessities immediately so you can make do until your bags arrive.
In short, it's impossible to put a price on the peace of mind purchasing a good policy can provide.
Don't become a statistic - be smart and invest in this most necessary of purchases.