Some of you might know these things, but they might be a surprise to many others. Travel insurance can be purchased for a number of situations, including single trips or frequent travel. Policies can also cover trips to other countries or just trips to another province within Canada. Your policy can fit nearly any needs you may have just about anywhere you might want to go.
The cost of a medical mishap while traveling can leave you with a bill for tens of thousands of dollars but a well-chosen travel insurance policy can cover these costs so you can recover without the worry of how you will repay a medical debt.
Pre-existing conditions may be covered. This is one coverage area where you’ll want to ask questions, read the fine print, and be forthright in disclosing any pre-existing medical conditions you may have. It’s possible that you can purchase a policy to meet your needs — including coverage for pre-existing conditions — but you don’t want to find out that you’re not covered after you’ve left for your adventure. Explain your needs to your broker so you can secure the right type of coverage.
Your travel insurance policy may cover additional living expenses. If this hasn’t happened to you when traveling, then it’s probably happened to someone you know: your flight is delayed or cancelled due to bad weather, and it’s not just a passing storm. You’re stuck for a while. The good news is that many policies provide a daily allowance for restaurant and hotel expenses while you’re away from home and an emergency prevents your return.
You can extend your coverage if your trip is extended. Many Canadian travelers purchase coverage for the duration of their trip — but sometimes, you might want to stay a bit longer. Ask your broker if you can extend the policy length if you decide to enjoy a few more days of fun in the sun.
Frequent travelers can save with an annual plan. If you only travel once a year, a single trip plan is likely to be the best value, but if you travel outside of your province or outside Canada more than twice a year, ask your broker about a multi-trip annual travel insurance plan. You’ll figure out a good use for the money you can save. It’s your vacation, after all.