Travel insurance depends on how much you can afford to lose. In the thought to protect your travel investment, buying a cheap travel insurance policy isn't necessarily the best way to go.

Before you buy a cheap travel insurance policy, consider these questions.

• What benefit you’re really looking from your travel insurance? Are you conscious about trip cancellation, or do you need coverage for emergency medical evacuation, financial default or overseas medical treatment?

• How much did you pay for your trip?

• Could you get your payment back if something went wrong before departure, or is this amount non-refundable?

• If you are currently under treatment for an illness or health condition, you will need to buy a policy that offers coverage for pre-existing conditions?

• Would you like the option to cancel your trip before your departure date if H1N1 flu (swine flu) comes as a menace or family emergencies?

• Are you traveling to a remote area? If so, could you afford to pay for emergency medical evacuation if you became ill or sustained an injury?

After knowing the answers to these questions, it's time to get travel insurance quotes. The easiest way to do this is to visit a travel insurance aggregator's website, such as InsuranceMall.in and enter your travel information.

InsuranceMall will give you the best policy that suits you most. Though, you always have the option to insure your trip independently.

When you finally signed your paper, make two copies of it. Take one with you on your trip and leave a second copy to a relative back home. Travel with being prepared for the worst is nothing short of great.