Quoth Jayden
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That way, if I'm robbed, caught in a hotel fire, or anything else disastrous happens, I can still manage. Get to a phone, or even better, to an airport or other travel hub, and I have all the information they need to help me get things sorted out. The airline has the actual ticket numbers to reissue tickets, the travel insurance company has my account number, and I still have one of my forms of ID for the embassy. And because the paper also has medical details, if I'm in an accident, the hospital can find out that I'm allergic to penicillin. Preferably before they give it to me.

And because of the traveller's cheques, I'm not broke until it's dealt with.

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