Insurance

Published on August 2nd, 2012 | by Jordan

Why You Need Travellers Insurance

The kids are out of school, your flight times are checked (and double-checked), and your out-of-office notice is already hard at work. You’ve made every effort possible to ensure your next big vacation goes smoothly, but unfortunately the one thing that can put you completely at ease is the one thing you can’t pack up – your travel insurance.

Whether you’re headed on a short getaway or an extended vacation, travel and medical insurance helps protect you and your loved ones from the unexpected costs of travel or medical emergencies that may not be covered by The Ontario Health Insurance Plan (OHIP). Having additional coverage goes a long way in ensuring your trip is as relaxing as you deserve it to be. By purchasing travel medical insurance before you go away, your only vacation worries will be finding the perfect spot on the beach or deciding which museum to visit next.

When shopping for travel medical insurance, it’s important to evaluate available coverage options and plans to determine how to best safeguard you and your family. A single plan is great for once-in-a-lifetime dream vacations, while a multi-trip plan is perfect for those who travel several times a year. You probably travel more than you think! Just add up the trips to your home-away-from-home, weekend getaways, and cross-border shopping excursions to find out if a multi-trip plan better suits your needs. Either plan can help minimize financial loss due to a variety of common issues that can occur before or during your long awaited escape. Travel insurance encompasses a number of insurance options such as:

  • Emergency Medical Insurance
  • Trip Cancellation & Interruption Insurance
  • Flight Accident Insurance
  • Baggage and Personal Effects Insurance
  • Baggage Delay
  • Lost Documents

The risks are everywhere; one slip, crash or fall could cost you thousands in foreign medical bills. Whether it’s a slippery pool area or loose rock on a mountainside hike, a broken bone or head injury could ruin a lot more than just your vacation. Travel insurance can reimburse you if your bags are lost, flight is cancelled or cruise, airline or tour operator goes bankrupt. And if your passport and wallet are stolen, travel insurance can quickly provide replacements and emergency funds to help get your vacation back on track. Often priced at just pennies per day, the financial security offered by travel medical insurance far outweighs its cost. Insuring you from just about every possible calamity, it’s easy to see why travel insurance is an important and oftentimes necessary part of any vacation.

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