Don’t Get Caught Without Travel Insurance on Your Next Vacation
Many people think that they can get travel insurance after they buy their airline tickets and hotel reservations, but this simply isn’t true. You need travel insurance before you step foot outside your front door because something could happen to you or your loved ones between now and when you leave the house that may require you to cancel your trip.
Is Travel Insurance Actually Necessary?
Travel insurance is typically recommended for international trips, but it can also come in handy if you’re traveling within Canada.
Some of the most common reasons to purchase travel insurance include:
- Protecting against a medical emergency such as an accident or natural disaster that might cause great expenses or leave you stranded in a foreign land
- Having peace of mind in case something goes wrong with your flight, train, cruise ship or other transportation means
- Providing assistance if you’re injured while sightseeing, participating in an athletic event, etc.
- Ensuring safety if a person accompanying you becomes sick and requires treatment.
Which Kind of Travel Insurance Is Right For You?
There are many types of travel insurance to choose from. The type you need will depend on where you’re going and what kind of trip you’re taking. Here are some guidelines to help you choose the right protection for your needs:
- If you’re traveling outside Canada for less than three months, purchase a policy that provides emergency medical and repatriation benefits.
- If you’re traveling internationally and will be away from home for longer than three months, check with a financial advisor to determine whether it’s better to buy a long-term policy or policies that are paid in advance. Some policies can be renewed before they expire, which can save money and time. Other policies provide price protection so you’ll pay less if you renew at a later date.
When you contact a travel insurance advisor, make sure you ask about:
- Renewal options,
- Price protection, and
- Cancellation fees.
Our travel insurance advisors can help.
What to consider when buying travel insurance
Travel insurance can help provide coverage for expenses like medical care, lost luggage or missed flights. Whether you’re traveling domestically or internationally, there are some things to consider when buying travel insurance:
- Who will be going with you? Is everyone covered by their own plan?
- Are there any age limitations for the plan?
- Does the plan cover any specific activities?
- What does the deductible look like and how much is the maximum out-of-pocket limit per person per trip?
- What do I need to do before my trip starts in order to be covered by this policy?
How to buy travel insurance
If you’re planning to travel abroad, it’s important to buy travel insurance before you go. Travel insurance can cover the cost of replacing lost or stolen possessions and securing emergency medical care, in addition to ensuring that you’ll have someone to call if something goes wrong. That’s why we recommend talking to our insurance advisors before you leave.