Travel insurance and the importance

Whilst on the phone to my friend a few days ago, the topic of holidays came up. How we both would love to be sitting on a beach somewhere hot and bask in the sun. We then got onto the topic of how recently there seems to be a few travel companies going bust due to none other than the infamous credit crunch. It seems to be small firms that do cheap holidays to Europe that are really feeling the effects of the current economic climate. We continued talking and for a brief moment even said how great it would be to be on holiday and get stranded because the tour operator went bust. Why would you wish that on yourself I hear you ask? Well think about it, you are in a hot country, accommodation paid for and will be there indefinitely. Provided you have enough funds to continue staying there and an understanding employer, it would be brilliant! However knowing my luck I would be ill and stranded and broke. Apparently the travel companies are going to ensure the holidaymakers get a flight home, so I guess in that sense they will be okay and will eventually come back home. And if you have travel insurance
I am assuming you would get compensation. Isn’t that the whole purpose of getting a travel policy? To ensure if your flight is delayed, or anything was to happen to you- there is the peace of mind there that you will be okay.
For that brief moment the idea of being stranded on a beach sipping a pina colada sounded so nice to us city girls, but reality kicked in and I am sure the people getting stranded aren’t enjoying it.