Basically, three types of travel insurance coverage exist: medical insurance, cancellation/interruption insurance, and luggage insurance. The first covers people, the second your financial investment, and the last covers your personal belongings.
Although you can choose these protections individually, we recommend complete coverage, or all-inclusive coverage to most travellers. This type of insurance includes all three types of coverage, meaning you can travel peacefully with the knowledge that you are fully protected.
Take a look at what each portion of this insurance covers in detail.
MEDICAL INSURANCE COVERAGE
Regardless where on the globe you’re headed, medical fees are always much higher than what your provincial health plan covers. For example, it will cost you about $10,000 per day for hospitalization in the US, and your provincial health plan will only reimburse you for about $100 of that total. Without travel insurance, you will be responsible for the difference. Unfortunately, many travellers return from vacation with enormous debt. Avoid their situation: never leave the country without travel insurance.
The medical portion of all-inclusive insurance will reimburse medical fees incurred due to a medical emergency. Depending on the situation, the following fees may be reimbursed:
- Medical care
- Diagnostic services (e.g., lab tests)
- Medical prescriptions
- Private nurse
- Paramedic care
- Emergency dental care
- Medical appliances (e.g., casts, crutches, body braces, wheelchairs)
- Emergency transportation
- Transportation to 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 animal return
- Vehicle return
Because this insurance is not health insurance, but emergency medical coverage, you will be insured for emergencies only. If you have a pre-existing condition, a period of stability may be required.
Contact us if you currently have, or have previously experienced, any health problems. We can help you find a travel insurance policy that meets your needs from among our numerous customized products.
With any travel insurance policy, it’s essential to inform the insurance provider as soon as possible, ideally before consulting a physician. In addition to approving your consultation and guiding you through the process, the insurance provider can offer a range of services that you may find highly useful in these circumstances.
CANCELLATION AND INTERRUPTION INSURANCE COVERAGE
The cancellation and interruption portion of all-inclusive insurance policies allows you to cancel or interrupt your trip if an unfortunate event occurs, thereby protecting your investment.
For example, the insurance provider can reimburse your plane tickets and booked excursions if you must cancel a part of, or your entire trip.
Important: Don’t forget to indicate in the online form or mention to an agent the total value of your trip. This total will establish the amount of your cancellation and interruption insurance coverage, so you gain nothing by indicating a higher cost than your trip.
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
- Unfavourable weather or natural disaster
- Government of Canada travel advisory to avoid a region you had planned to travel to
- Loss of employment
- Your residence or that of your travel companion has become uninhabitable
LUGGAGE INSURANCE COVERAGE
Theft or loss of property is never pleasant, but when travelling, the situation can be even more serious. Finding yourself at the other end of the world without your luggage can quickly transform your trip into a nightmare. By purchasing all-inclusive insurance, you can obtain coverage of your luggage and avoid these worries altogether.
In addition to covering loss, theft, and damage to your luggage, this protection also covers personal currency, luggage delays, and replacement fees for documents such as your passport.
Many all-inclusive insurance policies cover a maximum of $250 per article. If you are travelling with objects with a higher value, we recommend reading each policy carefully or contacting us.
ANNUAL ALL-INCLUSIVE POLICY
Do you travel multiple times per year? Annual all-inclusive insurance may be the best option for you. By covering up to 31 trip days for a full year, you can save money and avoid having to buy a new policy for each trip.
Whether you want to cover one trip or a whole year, all-inclusive insurance will let you travel with peace of mind.
Apply online or call us. One of our agents will be pleased to answer all your questions.
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