Travel Insurance covers those little (and not so little) things we never expect to go wrong while traveling. This can include medical expenses, financial default of travel suppliers, and other losses incurred while traveling, either within Canada, or internationally.
Depending on your plans, you may want “temporary travel insurance” to cover the duration of one trip, or a “multi-trip” policy to cover an unlimited number of trips within a set time frame. Coverage and prices vary. Additional travel coverage can be purchased to include higher risk activities such as “winter sports”.
Risks Covered by Travel Insurance PoliciesThe most common risks covered by travel insurance are:
- Medical emergency (accident or sickness)
- Emergency evacuation
- Repatriation of remains
- Return of a minor
- Trip cancellation
- Trip interruption
- Visitor health insurance
- Accidental death, injury or disablement benefit
- Overseas funeral expenses
- Lost, stolen or damaged baggage, personal effects or travel documents
- Delayed baggage (and emergency replacement of essential items)
- Flight connection was missed due to airline schedule
- Travel delays due to weather