Why should I buy travel insurance?
Travel insurance was designed to make travel a worry-free experience. Even if you’re a well-prepared traveler, emergencies happen. You might have an accident the night before you’re scheduled to leave and need to cancel your trip. You might need to come home early because of a family emergency. You might need medical assistance when you’re away. You never know. Travel insurance can help you protect the financial investment you make in a trip, and ensure professional assistance is available if you need it.
If I get sick when I’m traveling, wont my government health plan pay for my medical expenses?
Provincial health insurance plans provide only limited coverage for medical treatment and hospital costs outside of your province or territory of residence. If you’re injured or become ill while you are out of the country, your government plan will only pay a portion of your medical bills. Without travel insurance, you could end up having to pay substantial medical bills out of your own pocket.
Why do I need additional travel insurance if I have coverage through my credit card?
Your credit card may provide basic travel insurance, but read the fine print to find out exactly what’s covered, under what conditions and what the limits are. Many credit cards have very low coverage limits, or the coverage you have may apply for a limited time period, or until a certain age.
Will travel insurance pay my expenses if I am away and am called home by an emergency? What about if I have to cancel my trip at the last moment?
Cancellation and interruption insurance is designed to protect the financial investment you make in a trip. Whether you have to cancel a trip at the last minute, or have to come home early, emergencies happen. Tour operators, cruise lines, airlines and hotels all have cancellation penalties up to 100% of the cost of booking. Cancellation and interruption insurance can help cover costs resulting from unforeseen risks that would otherwise not be refunded.
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Do I need travel insurance when I travel in Canada?
Yes – for three main reasons. One, injuries, accidents and lost luggage can happen regardless of your destination. Two, government health plans limit the reimbursement of the emergency medical expenses you could incur when you’re out of the province of your residence. Three, domestic airfares and land arrangements are often subject to cancellation penalties.
I am over the age of 60 and have a few health problems. Can I still get travel insurance?
Travel insurance premiums usually vary based on your health and age. Your premium and coverage will be determined according to the answers you give to medical questions. Be aware that some policies may not provide coverage for pre-existing health conditions you have prior to departure on your trip. Generally, unless you have severe health problems, you should not have any problems getting this type of insurance.
What is the value of buying a package travel insurance policy?
Travel insurance packages are designed to provide comprehensive coverage for a wide variety of travelers. Typical travel insurance packages include emergency medical, trip cancellation, interruption and baggage insurance. Even though coverage offered varies based on the type of package selected, packages are usually an affordable alternative to purchasing each type of coverage separately.
When should I buy travel insurance?
Cancellation and trip interruption insurance must be bought when you book your trip. You can buy any other coverage any time before you leave. Remember to buy insurance for your entire trip – which includes the day you leave and the day you return.
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