Canadian Travel Insurance

There are three main types of travel insurance coverage available, including medical insurance, cancellation/interruption insurance, and luggage insurance. Medical insurance covers emergency and accident-related health issues, while cancellation/interruption insurance covers your financial investment. Luggage insurance covers any loss or damage to your personal belongings during your trip. While you have the option to select each type of coverage separately, we generally advise opting for complete coverage or all-inclusive coverage, which includes all three types of coverage. This way, you can travel with peace of mind, knowing that you are comprehensively protected.

Take a look at what each portion of this insurance covers in detail.

EMERGENCY MEDICAL INSURANCE COVERAGE

No matter where you are traveling to, medical costs are typically much higher than what your provincial health plan covers. For instance, hospitalization in the US can cost up to $10,000 per day, whereas your provincial health plan will only reimburse around $100 of that amount. This means that without travel insurance, you will be responsible for the remaining amount, which can result in significant debt. To avoid this situation, it is essential to purchase travel insurance before your trip.

While there are different types of travel insurance available, we recommend opting for complete coverage or all-inclusive coverage. This type of insurance includes all three types of coverage, namely medical insurance, cancellation/interruption insurance, and luggage insurance. By choosing all-inclusive coverage, you can travel with peace of mind, knowing that you are fully protected.

The medical insurance component of all-inclusive coverage will reimburse you for any medical expenses incurred due to a medical emergency during your trip.

The following fees may be reimbursed based on the situation:

● Medical care
● Hospitalization
● Diagnostic services (e.g., lab tests)
● Medical prescriptions
● Private nurse
● Paramedic care
● Emergency dental care
● Medical appliances (e.g., cast, crutches, body braces, wheelchairs)
● Emergency transportation
● Transportation to the bedside of another person
● Repatriation of remains
● Dependent care expenses
● Accessory fees billed by a hospital (e.g., television, internet, telephone)
● Child care and return
● Travel companion and domestic animals return
● Vehicle return

As this insurance only provides emergency medical coverage and not health insurance, it will only cover emergencies. If you have a pre-existing condition, you may need to have a period of stability. If you have any current or previous health issues, we can assist you in finding a travel insurance policy that suits your requirements among our extensive range of customized products. Please contact us for further assistance.

Tip: It’s crucial to inform your travel insurance provider as soon as possible in case of any medical emergency. Ideally, you should contact them before consulting a physician. By doing so, your insurance provider can approve your consultation and provide guidance throughout the process. Additionally, they may offer various services that could be extremely beneficial in such situations.

CANCELLATION AND INTERRUPTION INSURANCE COVERAGE

The cancellation and interruption coverage included in all-inclusive insurance policies provides protection for your investment if an unexpected event forces you to cancel or interrupt your trip. This means that you can receive reimbursement for your plane tickets and other booked activities if you need to cancel part of or your entire trip. It’s important to accurately indicate the total value of your trip when filling out the online form or speaking with an agent so that your coverage amount reflects the true value of your investment. If your deposit hasn’t been fully paid, you can work with a certified agent to insure it and adjust your coverage accordingly. It’s your responsibility to contact the insurance provider to update the insured amount so that you have complete coverage. Any changes to the sum insured will result in an adjustment to the insurance premium, which the provider will communicate to you.

Examples of insured risks:
● Illness, injury, death of a travel companion or family member
● Transport delay (weather, mechanical problem)
● Loss or theft of passport
● Involuntary cancellation
● Extreme weather conditions or natural disaster
● Government of Canada’s travel advisory to avoid a region you had planned to travel to
● Loss of employment
● Your residence or your travel companion has become uninhabitable

LUGGAGE INSURANCE COVERAGE

Losing your belongings while traveling can be a stressful experience, especially if you are far away from home. With all-inclusive insurance, you can have coverage for your luggage and avoid the worries that come with it. This coverage not only protects you from loss, theft, or damage to your luggage but also covers personal currency, luggage delays, and replacement fees for important documents like your passport. By purchasing all-inclusive insurance, you can have peace of mind and enjoy your trip without any unnecessary stress.

ALL-INCLUSIVE ANNUAL POLICY

If you travel frequently, by purchasing an annual policy, you can save time and money while ensuring that you’re always protected during your travels. It’s important to review the details of the policy to ensure it meets your specific needs and covers all the destinations you plan to visit throughout the year.