Save or Splurge: 10 Suggestions on What's Worth the Spend When You're on Vacation

Save: Domestic Trip Insurance

It's big business these days, trip insurance. With nonrefundable airfare, tours, cruises and other travel expenses, it can, at times, be worth the extra dough to prepare for the unexpected. In case your vacation gets cancelled, you'll get most of your money back.

But trip insurance isn't cheap -- peace of mind can run anywhere from 4 percent to 8 percent of your total trip cost. If your trip is domestic, moderately priced, the only nonrefundable component is airfare, and you can't foresee anything likely to get in the way, trip insurance is probably not worth the spend.

Up next: When the "what if" splurge is worth it…