Sometimes tickets and accommodation are paid for long before departure, so I pay attention to compensation in case of a change of plans, and the information at
https://www.globelink.eu/comprehensive-travel-insurance.html helps me understand the options of a comprehensive policy. It's advisable to compare the insured amount with the total cost of non-refundable reservations and travel expenses. I save payment confirmations and hotel cancellation policies immediately after booking. Do you take the full cost of reservations into account when choosing a cancellation limit?