Affordable Travel Insurance For Canadians
Travel Medical Insurance Is Essential For All International Travellers
If you forget or neglect to acquire travel insurance prior to your departure you may find yourself in trouble in a foreign country. More than just your trip could be ruined.
The best reasons to purchase insurance when travelling are to protect yourself from the unexpected.
A large number of people who do not purchase travel insurance are not familiar with the benefits of emergency medical evacutation coverage with a travel insurance policy. Even among travel insurance buyers, only half were aware of medical evacuation insurance.
How To Find Affordable Travel Insurance
Insurance coverage varies by whom you purchase it from as well as the individual policy you acquire. Be sure to thouroughly review your proposed policy prior to purchasing to insure the coverage is exactly as you understood it to be. Often you will find notations indicating exemptions or exclusions of coverage. Travel insurance is meant to protect you against unforeseen travel misfortunes, but it is up to you to familiarize yourself with the exact coverages you are entitled to.
Typically you will find there are four types of coverage included in travel insurance:
- Trip cancellation and trip interruption insurance - This reimburses you non-refundable travel costs if your trip is cancelled or seriously delayed due to a natural disaster, illness, or the carrier goes out of business. The policy will usually offer protection up to the amount you paid.
- Baggage and personal items coverage - If someone steals something from your bag or your luggage is lost or delayed, travel insurance will pay you for the inconvience. The loss of baggage and personal belongings is a common occurance for travellers.
- Emergency medical insurance - When you are traveling abroad it is necessary to have adequit coverage for a medical emergency or an accident which requires medical attention. If the situation is beyond the means of the country you are in, you may need an expensive medical evacuation to receive the treatment you require.
- Accidental death or dismemberment insurance - If you or a loved one dies or suffers a life impairng injury on your trip this insurance feature will compensate for the loss.
Travelling is already and expensive activity. Nobody wants to spend even more money on a variety of insurance policies that you may or may not need. However it is important to remember often other countries have very expensive or inadequit healthcare, Medical treatment or medical evacuation can become very expensive, very quickly.Travel insurance is worth it when you're traveling abroad and your personal health insurance does not cover emergencies outside of your own country or when a large portion of your trip is non-refundable. Always remember to consider how much of a financial burden you would feel if something unfortunate happened while on your trip or if you had to cancel it.
Be sure to research and compare estimates from several different companies. Insure you are comparing similiar coverages while comparing travel insurance costs. Most importantly read the fine print to insure you receive the coverage you are entitled to should an unfortunate situation occur.