Whether you are taking a day trip to the United States, exploring the Canadian Territories or travelling overseas, Travel insurance can provide protection against the cost of unexpected emergencies that may occur during your trip.
You might be asking yourself why a Canadian travelling out of province or abroad would even require travel insurance. For example, won’t our government health insurance plan pay for any medical expenses incurred while travelling. A document published by Foreign Affairs and International Trade Canada stated that you should not rely on your provincial health plan to cover costs if you get sick or are injured while abroad. At best, your provincial health plan will cover only a portion of the bill.
Before purchasing Travel Insurance, it is important to determine the following:
- What is not covered in the plan (I.e., Are there any exclusions)?
- Does the plan have a deductible that you must pay for each claim?
- Does the plan deny benefits if your medical emergency arises because a “pre-existing condition?
- Are there specific exclusions that pertain to sports or other activities (E.g., scuba diving)?
We recommend talking with an advisor about your exact travel insurance needs. We also recommend that you review your provincial health coverage as well as your credit card and/or employee benefits plan to see how much coverage you really have (after all, you don’t want to over-buy).
Tell us a few things about yourself and your travel plans and we’ll help you create a package that includes the coverage that matches your needs.
