Travel Insurance: Why Every Canadian Should Have It
8 July 2025
Personal InsuranceTravel Insurance
Whether you are traveling to the United States for a short trip or around the world, comprehensive travel insurance is essential. Even the best-planned trips can face unexpected events: sudden illness, accidents, flight cancellations, lost luggage, or emergency medical expenses abroad.
Risks covered by travel insurance
A good travel insurance policy can include:
- Emergency medical expenses: hospitalization, medical treatment, medical evacuation
- Trip cancellation or interruption: reimbursement of flights and accommodation in case of unforeseen events
- Loss or theft of luggage and personal belongings
- Liability coverage: protection in case you accidentally cause damage to others while traveling
Without insurance, medical expenses abroad can easily reach thousands or tens of thousands of dollars. A simple hospital visit outside Canada can cost thousands, and medical repatriation can exceed $50,000.
Tips for choosing the right coverage
- Consider your destination and the local healthcare quality
- Check exclusions: extreme sports, pre-existing conditions, long-term travel
- Compare premiums and coverage limits
- Consult your broker to tailor the policy to your specific needs
With the right travel insurance, you can travel with peace of mind, knowing you are protected against the unexpected.
