Seasoned travelers know when a discount travel insurance policy is actually needed. Let’s be honest, obtaining insurance coverage is an added cost to travel and you don’t always see benefit from it. It is therefore crucial to determine beforehand when travel insurance is necessary before purchasing coverage.Before obtaining a discount travel insurance policy, one must first evaluate the future travel situation. What is your travel budget? How much are you spending on plane tickets? What about hotel accommodations? Are you planning on shopping or going to lots of expensive sights? Your travel budget does not have to be perfect but it is good to have a rough idea. If your travel budget is something like $2000, then a $50 or $100 travel insurance package is reasonable. After all, medical care in foreign countries can quickly become very expensive. If so, then travel insurance need not be necessary.Here’s another question to consider: what kind of coverage the insurance company will cover expenses in case of an unexpected and unforeseen events? These may be defined as natural or man-made events. Most corporations do not provide insurance coverage in cases that have already become “public knowledge,” so if one is faced with the possibility of traveling to a country that has just experienced a tsunami or some other kind of devastation, purchasing travel insurance may be a waste of time. Likewise, traveling to a war zone is another case where travel insurance will likely not be issued or cancelled as soon as you land.The same goes for airlines that are blacklisted from coverage from the insurance company. These organizations are most likely classified as being close to bankruptcy or are prone to union strikes. These airlines can be considered highly likely to experience flight cancellations and other interruptions. Check with the insurance provider first if one’s airline of choice is indeed covered by their policy.One need not purchase travel insurance when traveling in a location where expert medical care is readily accessible. Most travelers opt to purchase additional insurance as a sort of buffer in case of unexpected medical emergencies. However, those traveling locally need not purchase anything else as these services will be made readily available to them.Most people still opt to purchase travel insurance regardless of the situations mentioned above. If you do decide to obtain coverage for a low risk travel destination, decide which types of coverage you are willing to pay out for. Since a full travel insurance coverage may be priced very high, a good way of paring down unnecessary costs is to go over the policy and review the fine print. Always remember to avoid duplicate coverage (e.g. if your credit card provides basic coverage, carefully think over what kind of supplemental coverage you actually need).For instance, rental car accident and damage coverage is less of a concern for those who do not drive or those who have coverage through their companies. By reviewing the policy and removing the unnecessary elements, one can be assured to a plan that is customized for the traveler. When driving in a foreign country, you may at heightened risk of an accident due to unfamiliar signs, different traffic laws and different vehicles.Being prepared at all times is arguably one of the best travel tips one should keep in mind. Purchasing a discount travel insurance policy can indeed be necessary as long as one is aware of the situations that call for it.