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Allianz SE, their parent company, is the world’s largest diversified insurance company which allows them to offer innovative Allianz travel insurance products at competitive rates and they are well-known in the travel industry for rapidly handling claims.
We buy cancel-for-any-reason travel insurance for expensive, nonrefundable airline tickets just in case my daughter breaks a bone (sports) or gets sick. A lot of domestic health insurance policies won’t fully cover you overseas so it can help fill in these gaps and, of course, there are dreaded weather and operator emergencies, costs associated with delays, and even more reasons that force people to cancel trips.