Travel Insurance: Why Every Canadian Should Have It

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.