Go back to Roman times, the risk is shared at the time of tragedy and unforeseen circumstances, such as earthquakes, floods, etc.. The first formal insurance company and registered Lloyd’s of London, was founded in 1769 and they remain the principal founding intact today – to premium customers as a pooling of resources to gather its customers to return unexpected events and contingencies covered poorly. So it’s really the secret plan for the unexpected and unforeseen and make sure you’re covered, especially if you are traveling. Whether your trip is a quick tour or a world, there are many reasons for travel insurance. Tips Before Buying Travel Insurance