In my case, even though I budget / save for my vacations; if push came to shove and I got stuck somewhere I wouldn't be truly "stranded", because I could tap my financial reserves and get myself home. Even so, I’d likely buy trip insurance, particularly if I had bought a “packaged vacation” thru an agency (or was traveling to an area where weather or remoteness might cause my vacation to be canceled / interrupted). If I didn’t have those reserves, I’d absolutely buy trip insurance....
What I don’t get is why skipping the trip would be a better idea than buying trip insurance?
Steve
PS – Going back to the original article, I wonder how many of the Brits stranded in Mallorca are really “stranded” (as opposed to just being pissed off at having to dig into their wallets at having to pay for a 2nd ticket home)??