The majority of today's travelers say they have no interest in purchasing Travel insurance and few say they have a good understanding of the coverage it offers, says a travel consultant.

Brian Kelly, a consultant and blogger (The Points Guy) commissioned the Princeton Survey Research Association International to conduct a telephone survey of 1,004 adults on Travel insurance.

The survey found 60 percent of travelers say they never purchase Travel insurance when they go on an airline or cruise. Of the 21 percent who do purchase it, 52 percent say they buy it for trip cancellation protection, while 27 percent get it for medical coverage.

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