A travel insurance normally covers one or more of the following incidents: coverage for vacation or trip cancellation, travel interruptions and delays, emergency medical and health expenses, lost baggage and more.
Many people already have an all year travel insurance together with their other insurances. Quite often the insurance is limited to specific geografical areas, and may also have limitations in other respects.
In some countries the National Health Insurance also covers when abroad, but may be restricted only to provide insurance cover in specific geografic regions.
Some credit cards provides travel insurance as part of the membership of certain categories of the credit card (for instance platinum members).